A report referred to as “Encryption Developments in Mexico 2020/2021” surveyed a complete of 353 representatives from corporations all through Mexico.
The research, printed by privateness analysis middle the Ponemon Institute, indicated that 40% of the Mexican corporations surveyed had been trying to undertake blockchain and cryptocurrencies in some kind. Out of this phase, 71% had been centered particularly on crypto utilization.
The figures additionally confirmed that 51% of those corporations had been intent on implementing blockchain for asset administration and transaction dealing with functions, whereas 37% expressed an curiosity within the implementation of sensible contracts. Many of those corporations might finally use blockchain to enhance their safety techniques and assure correct encryption processes, the research mentioned.
Although Mexico isn’t usually seen as a significant blockchain participant on a world scale, the nation has performed an lively and ongoing position by way of adoption. In September, Mexico introduced plans to allow a blockchain-based digital voting system for sure residents residing overseas. The county goals to make this obtainable in time for its 2021 election cycle.
Cointelegraph Spanish reported in August that Mexican corporations had raised over $1.3 billion within the fintech sector. A part of these funds went towards blockchain expertise growth inside the nation.