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- A Bolivian entrepreneur is proposing a public blockchain system to manage the distribution of the country’s fuel subsidies with full transparency.
- This blockchain-based system aims to completely eradicate long-standing corruption and smuggling within the current subsidy framework.
A Bolivian entrepreneur has introduced a technological alternative to modernize the state’s fuel subsidy. Carlos H. Fernández Mazzi, founder of Finka Token, focuses this initiative on Bolivia’s new government.
His proposal aims to put an end to the corruption, cronyism and distortions that have characterized the distribution of this subsidy for years. Fernández Mazzi published the entire plan via a public document on his X account.
Subsidio carbohydrates JUSTO with #BlockchainBolivia
Todos >18 years receive litros digitales equitativos.
No separate US? Vendelos al #BolsínDigital (precio mercado).
Need more? Buy P2P or petrol.
Transparent, a shame about corruption. ¡Oferta/demand regula!… pic.twitter.com/IfczNsVpe3— Carlos H Fernandez Mazzi (@CFernandezMazzi) November 16, 2025
How the digital market for subsidized liters would work
The core idea is to create a digital market for subsidized liters. This system would be accessible to all Bolivians over the age of 18. Management would be handled via electronic wallets and data on a public blockchain. The proposal guarantees traceability, equality and citizen control over every transaction.
Every citizen would have the opportunity to decide how to use their monthly allocation. The options include selling unused liters on an open, permanent digital market or buying more liters directly from other citizens. Transactions can be conducted at enabled gas stations or between individuals using mobile applications.
The entrepreneur calls this market a ‘digital exchange’. It would operate 24 hours a day, 7 days a week, with prices regulated solely by supply and demand. According to Fernández Mazzi, this mechanism would remove the fertile ground for corruption and smuggling networks.
Blockchain as a guarantee for transparency
All actions within the digital exchange would be recorded on a public and immutable blockchain. This record would eliminate discretion and prevent data manipulation. The state would not provide physical fuel, but rather digital consumption rights.
The market would be responsible for efficient allocation of these rights. The proposal specifies that the government only needs to provide an initial liquidity fund to activate the market and ensure its continued operation.
Fernández Mazzi claims that his approach is not a futuristic theory. He states that it is completely applicable with the technology available today.
“The state does not distribute fuel… it distributes digital consumption rights, and the market does the rest,” the entrepreneur explains. His previous experience with Finka Token supports the credibility of the project.
International recognition for the applicant’s track record
Forbes says his work demonstrates how technology can transform traditionally illiquid sectors, such as livestock farming, into liquid, inclusive and transparent assets. The Finka Token system uses smart contracts to automatically distribute livestock income to token holders.
Every operation is monitored in real time. The recognition highlights how tokenization is unlocking millions of euros in various sectors such as art, sports shoes and livestock farming.