A total of 353 representatives from companies across Mexico were interviewed in a report entitled “Encryption Trends in Mexico 2020/2021”.
The study published by the data protection research center Ponemon Institute found that 40% of the Mexican companies surveyed wanted to adopt blockchain and cryptocurrencies in some form. Of this segment, 71% focused specifically on the use of crypto.
The numbers also showed that 51% of these companies intended to implement blockchain for asset management and transaction processing purposes, while 37% expressed an interest in implementing smart contracts. Many of these companies could ultimately use blockchain to improve their security systems and ensure proper encryption processes, the study says.
While Mexico isn’t often seen as a major blockchain player globally, the country has played an active and ongoing role in adoption. In September, Mexico announced plans to enable a blockchain-based electronic voting system for certain overseas residents. The district would like to make this available in good time for the 2021 election cycle.
Cointelegraph Spanish reported in August that Mexican companies in the fintech sector raised over $ 1.3 billion. Part of these funds went into developing blockchain technology in the country.