Peru: Congress Embraces Blockchain Innovation
This week, Peru made headlines as the Congress showed a keen interest in blockchain technology. On September 23, Congressman Francesco Petrozzi discussed the revolutionary potential of blockchain with Marco Esparza Montejo from Blockchain Life Solutions. Esparza proposed creating a Blockchain Supervision committee aimed at identifying bad practices in the industry and proposing regulatory frameworks.
Moreover, they talked about introducing digital training in schools. Esparza emphasized this initiative could not only teach programming but also demonstrate how blockchain impacts day-to-day life. He said, “We aim to create our own certificate of quality digital affidavit,” which could pave the way for better standards in blockchain education.
Uruguay: Aeternity’s Groundbreaking Supply Chain System
On September 24, Aeternity revealed its partnership with Medicinal Cannabis Uruguay. They aim to develop a blockchain-based network for tracking medical cannabis cultivation. Imagine sensors planted throughout the fields, all connected to the Internet, monitoring each plant’s lifecycle. This system will ensure transparency and quality in the medical cannabis supply chain.
- Real-time Monitoring: Each action performed on the plants will be recorded.
- Quality Assurance: Enhancing trust in the medicinal supply.
- Data Transparency: Easier tracking and compliance with regulations.
Venezuela: Central Bank Eyes Cryptocurrency
In a groundbreaking move, Venezuela’s central bank is reportedly considering holding Bitcoin (BTC) and Ether (ETH). Sources close to the matter say that the decision was prompted by Petroleos de Venezuela SA (PSDV), the state-run oil company, due to payment issues arising from U.S. sanctions against President Nicolás Maduro’s regime. This exploration could signify a pivotal shift in Venezuela’s approach to economic survival.
Argentina: Taringa Acquired by RSK
In a significant acquisition, IOVLabs, a subsidiary of the Argentinian smart contract platform RSK, bought Taringa, the prominent Latin American social media platform. This deal connects IOVLabs to a staggering 30 million users. With Taringa’s new strategy, users will be able to earn the RIF tokens for their active participation in community activities.
The RIF token is already seeing promising activity, boasting a market cap exceeding $57 million and minimal price fluctuations. This move could redefine user engagement on social media through blockchain technology and cryptocurrency incentives.
Final Thoughts: A New Era for Latin America’s Blockchain Landscape
This past week was undeniably pivotal for Latin America’s involvement in blockchain and cryptocurrency. From Peru’s legislative initiatives to groundbreaking agreements in Uruguay and major corporate acquisitions in Argentina, the region is clearly embracing the fourth industrial revolution. It’s a fascinating time, and we can’t wait to see what’s next!
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