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An encryption study revealed a surprising fact about blockchain adoption in Mexico

An encryption study revealed a surprising fact about blockchain adoption in Mexico

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 heart the Ponemon Institute, indicated that 40% of the Mexican corporations surveyed have been trying to undertake blockchain and cryptocurrencies in some kind. Out of this section, 71% have been centered particularly on crypto utilization.

The figures additionally confirmed that 51% of those corporations have 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 in the end use blockchain to enhance their safety techniques and assure correct encryption processes, the research mentioned.

Although Mexico isn’t typically considered as a significant blockchain participant on a worldwide scale, the nation has performed an energetic and ongoing position when it comes to 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 out there in time for its 2021 election cycle.

Cointelegraph Spanish reported in August that Mexican corporations had raised over $1.three billion within the fintech sector. A part of these funds went towards blockchain expertise improvement inside the nation.

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