Panama will host the fourth version of Blockchain Summit Latam 2020

30/01/2020

The Blockchain Summit Latam (BSL), which brings together Spanish-speaking enthusiasts and companies in the field of blockchain and cryptocurrency, will bring a new date, this time in Panama City during March 12 and 13, 2020.

The Blockchain Summit Latam: at least 50 exhibitors will meet to discuss the development and implementation of this technology in areas such as financial services, logistics and supply chains.
The Blockchain Summit Latam: at least 50 exhibitors will meet to discuss the development and implementation of this technology in areas such as financial services, logistics and supply chains.

Some of the most important exhibitors that will be present in the Central American country are Lebanese economist Saifedean Ammous, author of the book El Patrón Bitcoin; Alex Mashinsky, CEO of Celsius Network and co-creator of the VOIP (Voice Over Internet Protocol); and Santiago Siri, founder of Democracy Earth and author of the book Hacktivism.

In addition to the above mentioned, we are joined by educator Catalina Castro, who makes videos and didactic material about crypto money created by Satoshi Nakamoto (Bitcoin protocol). Mauricio Tovar, head of the Center for the Fourth Industrial Revolution of Colombia, will also be part of the speakers at the event.

All of them will be part of a panel of more than 50 exhibitors that will shape this year's Blockchain Summit Latam.

In its fourth edition, Blockchain Summit Latam is being organized by LatamTech and Cryptobuyer, a company that processes payments and buys and sells crypto assets. The event will also count on the collaboration of multiple Latin American organizations and projects that are part of the industry, such as Blockchain Panama, Blockchain Colombia, and Alianza Blockchain Iberoamérica, among others.

Issues to be addressed in the BSL 2020

The theme that will shape the fourth edition of the summit will be the application of this technology for financial services, foreign trade, transport and logistics in general. Given that Panama is a strategic point for trade in the region and a financial center for Latin America, the implementation of blockchain acquires a common relevance.

Subjects such as logistics in the field of foreign trade, maritime transport, container, and merchandise management are the main strengths of the Panamanian isthmus in which blockchain could provide value to differentiate these areas.

In addition, the possibilities of implementation of this technology for financial services will be discussed. Thus, the management of investment funds; investment in the stock market; stock exchanges, banking, and interconnection, improvement, among others will be discussed and addressed from the blockchain technology and smart contracts.

In Panama, blockchain technology has already had some cases of use. In this case, not only have there been business initiatives, but even the Panamanian government itself has welcomed the possibility of implementing a blockchain to solve some problems associated with the processes of purchases and public tenders.

Thus, the national government of Panama seeks to add transparency and efficiency to these processes which, generally, are a good niche for corruption to emerge. Thus, the technological implementation will diminish these negative effects in the Central American nation.

Where and when

The meeting will take place on March 12 and 13 at the W Panama Hotel, located in the heart of the city of the Central American country. Tickets can be purchased directly on the event's website blockchainsummit.la, through credit cards and crypto-currencies.

MEXICO PROPOSES A NATIONAL BLOCKCHAIN FOR PUBLIC TRANSPARENCY

The federal government of Mexico placed again the magnifying glass on the benefits that would bring to the government administration the implementation of a national public blockchain. 

Under these arguments, the State will try to implement a "datification" of the national economy through the blockchain that it is developing. Image: Pixabay
Under these arguments, the State will try to implement a "datification" of the national economy through the blockchain that it is developing. Image: Pixabay

The Aztec Ministry of Economy showed a special interest in distributed networks as a way to improve transparency and for society to benefit from accountability.

During the development of the course Fundamentos de Blockchain y Criptomonedas, held in Mexico City last Thursday, October 10, Daniel Casados, technology advisor to the Ministry of Economy, stressed that although blockchains have become a massive issue because of cryptocurrencies, they have a potential that has not yet been fully discovered.

"The idea and the great challenge we have set ourselves is to make a national blockchain, what we have called the transparency network. There will participate different actors from Mexico, on the one hand, will be the federal government, in this case, is headed by the Ministry of Economy, but we think it will be expansive to the rest of the government (...) would also participate the industry (startups) which is a fundamental element and academia," said Casados during the event and in meetings with digital media.

The advisor did not offer details about the blockchain to be developed, but said that although it is national in nature, it is not the government, which will be public and highly collaborative. A request for comments on this project has not yet been answered by Casados.

The authorities of the aforementioned secretariat visualize their project as a "triple helix" between government, academia, and business, whose engine would be the society to which the benefits of transparency would be paid.

Data and national economy

The academic meeting also served as a stage for Graciela Marquez Colin, Secretary of Economy of Mexico, to explain the reasons why the authorities have approached the so-called Distributed Accounting Technology (DLT).

"Many of the projects that we have are in what we have called the data economy, and we have taken it as a flag (...) It is an important moment to build a platform that adapts and is an instrument of support to all productive sectors," said the official.

Under these arguments, the State will try to implement a "datafication" of the national economy through the blockchain that it is developing.

In order for public officials to understand how blockchains work, an alliance was established with the Internet Association MX, Blocks EDU (Canada), the Blockchain Institute of Technology and Polymathy High Tech for the realization of this type of courses.

Mexico has also proposed, in the past, the use of blockchains to combat, for example, fuel theft. In the field of cryptocurrencies, the country maintains a regulation through the Law to Regulate Financial Technology Institutions (ITF), known as Fintech.

Distributed accounting technology allows, among other things, transfers between two or more people without the intervention of third parties. Its introduction to the world of technology occurred for the first time through the creation of Bitcoin.

By Mexicanist