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The Colombian ICT minister reaffirmed that blockchain is a fundamental tool for trust in the state

June 17, 2020

Colombian ICT Minister Karen Abudinenwas interviewed by Colombia Fintech and said on topics like blockchain technology and fintech. In the interview published on June 16, he spoke, among other things, about the importance of blockchain technology in the state.

When asked what potential blockchain technology sees for use cases in the state, he replied: “Our goal is that the technology is a tool for Colombians to trust the state more and more, and in this sense, Blockchain is important. Developments through blockchains make transactions more secure, which is why they have great potential to be used in procedures that create greater uncertainty for citizens, such as: B. Tax collection, voting and document issuing, among other things, donations. ”

Then he added: “The use of blockchain to increase efficiency, security and transparency should be highlighted. in internal elections of district schools in Bogotá; or to regulate the registration, traceability, notification and consultation requirements of the National Land Agency’s decision-making. These are just two success stories, but this technology can be applied to countless industries and solutions. “

Fintech in Colombia

The Colombian ICT minister reaffirmed that blockchain is a fundamental tool for trust in the stateThe Colombian ICT minister reaffirmed that blockchain is a fundamental tool for trust in the state

On the other hand, the official referred to the fintech ecosystem and offered her perception: “Digital companies have seen exponential growth in Colombia in recent yearsdue to the rise of new technologies. The numbers support this because, according to Finnovista Fintech Radar 2019, an organization that analyzes the behavior of this sector in Latin America and Spain, Colombia has always been one of the most important ecosystems in the region and ranked third in Latin America with more than 180 startups. More specifically, Colombia saw 45% net growth in fintech companies in a year and a half. Given these numbers and the rapid adoption of technology in Colombian companies, my work will also focus on continuing to accompany this growth through classrooms. “

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