Status of Smart Contracts in Mexico

Starting with the lack of information that currently exists in Latin American media on Blockchain issues and directly related, such as smart contracts or their derivative applications. For that reason, I value the effort of pages such as CryptoTendence, with its vision of not only reporting on cryptocurrencies, but going further.

Returning to the subject, investigating I noticed that, publicly, or on the Internet, there do not seem to be any advanced national companies with the Blockchain theme, if it seems that several have commented on cryptocurrencies and adapt means of payment, but is limited to projects to perform at a glance.

I emphasize in nationals to make the exception of transnationals like IBM and Microsoft, that clearly their plans and research are not limited to one country, but to its entire network of companies.

He was born curious to know the reason for this, for which I decided to investigate on this new topic. What I found were enough courses to learn about Blockchain, cryptocurrencies and, ironically, smart contracts. Changing the focus of the research to get information, I decided to review the adaptation of Mexico with the Blockchain technology, getting the possible answer to the doubt of Luis and mine.

Apparently Mexican regulators have some rejection of this technology, with a skeptical behavior to ensure the integrity of the economy, politics and society of the Mexican state. Even entrepreneurs and entrepreneurs seem to show a similar position, being the example, Dr. Raymundo Peralta, the creator of the System of Interbank Electronic Payments (SPEI) used by the Bank of Mexico to enable electronic banking in Mexico, in an article by Forbes Mexico , established:

"I would prefer that the systems be public and open to know, as soon as possible, if there is a problem, and have the most amount of time to react. It is always good to put physical restrictions on this type of systems. Making them too fluid could generate more problems than solutions. "

But like all currency, there is an opposite face in the territory, being represented by the educational area and investors, who are enthralled with the potential that has the Blockchain technology, and intelligent contracts, in a large number of sectors of national production.

Even in an article in El Universal Mexico , they expose the position of BankCoin.Global, a Mexican platform that can not work in their country by legal areas, which aim to facilitate the use of Blockchain technology. Another example is the large number of courses that exist in the territory.

However, there is some encouragement to use this technology, given that the federal government made the first real case of bidding with Blockchain in August , being a pioneer to engage in technology in the world of law.

To conclude, it seems that Mexico, and a large number of Latin American countries, are behind in the implementation of this technology, which is sad in my opinion because the rest of the world is already considered normal and accepted, at least the smart contracts .

Although Mexico at least understood that it must accept technology, as can be seen in the articles " Mexico, the Latin Fintech epicenter " and " New Mexican government knows that it is necessary to grow today: collaboration Fintech and Banks "