Blockchain could bring a technological revolution to Latin AmericaMario Blacutt, main developer of NULS and founder of Nerve Network, said in an exclusive interview with Cointelegraph. Blacutt revealed his thoughts on the region’s blockchain environment and the obstacles he faced after former Bolivian President Evo Morales banned cryptocurrencies in 2014.
Blacuttwho recently released her real name to the public after hiding under the Pseudonym “Berzeck“For several years,” he said, “blockchain technology will” undoubtedly “trigger another decade of technological revolution in Latin America.
The adoption of cryptocurrency in Latin America “is likely to accelerate”
Said The sooner governments recognize the benefits of cryptocurrency, the better it will be for their countries in terms of adoption. “Berzeck” further commented:
“In Latin America, cryptocurrency adoption is relatively high for some reason, but for the most part People don’t trust their financial systemsAnd now that a global recession is looming, people don’t think their banking systems will support it. Therefore, the introduction of the cryptocurrency is likely to accelerate. Some countries may be taking advantage of current opportunities and trying to drive blockchain development, but it is too early to know which countries can take the lead. “
The lead developer of NULS said the good news is that “more and more people understand the potential” and that it is becoming increasingly safe to purchase cryptocurrency, but he emphasizes that there are some exceptions like Venezuela.
Latin American socialism versus cryptos
Blacutt takes up the case of Bolivia’s anti-crypto stance under the Morales government explains his stance on whether the concept of cryptocurrency like blockchain is compatible with Latin American state philosophies::
“There was a socialist wave in Latin America, and generally these governments are seeking obsessive control and centralization to have tighter control over the economy and stay in power. The cryptos are working in exactly the opposite direction. As a result, LATAM missed a unique opportunity to drive acceptance and attract international investment firms. Many of these governments have switched power and things are starting to look better“”
Accepted Blockchain technology it is open source and it is developed decentrally, says “Berzeck” represents a “very rare opportunity” for Latin America and other underdeveloped regions to compete openly at the forefront of blockchain development.
But Blacutt warns of it Cryptos in generalnot only in Latin America, are still seen as a means to “get rich quick”Crypto is a speculative good, “because we’re not even close to showing its huge potential market.” Add that:
“”Understanding blockchain technology for implementing efficient solutions is not trivial but complicated. In fact, many interested companies that contact us are interested in blockchain technology, but have no idea how to map their business processes to blockchain. This is the biggest obstacle that will take years to improve. Latin America is not exempt from these problems. It is up to individual governments to try to address blockchain issues to speed up adoption and make the transition smoother“”
Do not stop reading: