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A report called “Crypto Trends in Mexico 2020/2021” surveyed a total of 353 company representatives across Mexico.
The study, published by the Ponemon Institute’s Privacy Research Center, indicated that 40% of Mexican companies surveyed were looking to adopt blockchain and cryptocurrencies in some form. Of this segment, 71% focused specifically on using cryptocurrencies.
The figures also showed that 51% of these companies were intent on implementing blockchain for asset and transaction management purposes, while 37% expressed interest in implementing smart contracts. Many of these companies could eventually use blockchains to improve their security systems and ensure adequate encryption processes, the study says.
Although Mexico is not often seen as a major blockchain player on a global scale, the country has played an active and steady role in terms of adoption. In September, Mexico announced plans to enable a blockchain-based electronic voting system for some citizens residing overseas. The county aims to make it available in time for its 2021 election cycle.
Cointelegraph Spanish reported in August that Mexican companies had raised over $ 1.3 billion in the fintech sector. A portion of these funds was devoted to the development of blockchain technology within the country.
