Encryption Trend Survey Reveals Insights On Blockchain Adoption In Mexico

Encryption trend survey reveals insights on blockchain adoption in Mexico. A report entitled “Encryption Trends in Mexico 2020/2021” conducted a survey of 353 representatives from companies throughout Mexico.

The report , released by the Ponemon Institute’s privacy research centre, showed that 40 percent of the surveyed Mexican companies were looking to incorporate blockchain and cryptocurrencies in some way. Out of this group, 71% concentrated explicitly on crypto use.

The statistics also revealed that 51% of these organisations were keen on incorporating blockchain for the purposes of asset management and transaction handling, while 37% shared an interest in smart contract execution. The study said that many of these businesses could potentially use blockchain to strengthen their security systems and guarantee proper encryption processes.

Alhough Mexico is not typically viewed as a major blockchain player on a global scale, the country has played an active and ongoing role in terms of adoption. In September, Mexico announced plans to enable a blockchain-based electronic voting system for certain citizens residing abroad. The county aims to make this available in time for its 2021 election cycle.

[image: David Carballar]

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