New Blockchain Association Of Mexico Led By ConsenSys Formed To Educate The Public On DLT Apps

Every industry in the world has plenty to gain from the use of blockchain, which is why it’s becoming increasingly important to educate the public about it. In Mexico’s effort to bring forth that knowledge, they established their first blockchain association. Contributing to the cause are some major industry players, including ConsenSys, according to Forbes Mexico.

The Blockchain Association of Mexico will be working on the standards and practices that need to be followed in the blockchain sector of technology in the country before it is integrated for mainstream use. However, the group ultimately wants to inform the public about this technology and how it can be used in the economy.

Provisional president for the association, Felipe Vallejo, commented,

“[Blockchain] technology has the objective of creating more transparent, safe and efficient procedures.”

As the group evolves, additional openings for new members will be created.

BIVA director, María Ariza, focused on the way that this association will work with the public.

She said,

“We want to generate a space for discussion and public policy. We want everyone to be able to present their ideas.”

Leaders in both crypto and blockchain have been working to launch their own associations to help with the connection to regulators in the space, hoping that it will help them have a say in the upcoming standards. In fact, ten firms got together on November 17th to form the Association for Digital Asset Markets (ADAM) and collaborate on the crypto sector’s “code of conduct.”

September brought a lot of progress to the market. Coinbase and others joined together to create the Blockchain Association, which is dedicated to representing mainstream companies to Washington, DC. Bank of Mexico, in the same month, announced the need for exchanges and crypto-enabled banks to get a permit to function, which requires a business plan, commissions to be charged, and their method of verifying identity.

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