An encryption research revealed a stunning truth about blockchain adoption in Mexico

A report known as “Encryption Trends in Mexico 2020/2021” surveyed a complete of 353 representatives from firms all through Mexico.

The research, printed by privateness analysis heart the Ponemon Institute, indicated that 40% of the Mexican firms surveyed had been trying to undertake blockchain and cryptocurrencies in some kind. Out of this section, 71% had been targeted particularly on crypto utilization.

The figures additionally confirmed that 51% of those firms had been intent on implementing blockchain for asset administration and transaction dealing with functions, whereas 37% expressed an curiosity within the implementation of good contracts. Many of those firms might in the end use blockchain to enhance their safety programs and assure correct encryption processes, the research mentioned.

Although Mexico just isn’t typically considered as a significant blockchain participant on a worldwide scale, the nation has performed an lively and ongoing function by way of adoption. In September, Mexico introduced plans to allow a blockchain-based electronic voting system for sure residents residing overseas. The county goals to make this out there in time for its 2021 election cycle.

Cointelegraph Spanish reported in August that Mexican firms had raised over $1.3 billion within the fintech sector. A part of these funds went towards blockchain know-how improvement inside the nation.

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