The First Blockchain Association Opens up in Mexico

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The first Blockchain Association in Mexico was recently formed by
seven founding members which included Bitso, BIVA, GBM, Lvna
Capital, Volabit, ConsenSys , and Exponent Capital. According to
the Mexico Forbes article published on November 28, 2018, the
organizations are keen to educate Mexican citizens about
blockchain technology and form safety standards for the industry.

Educating the Public about Blockchain Technology

The Mexican Blockchain Association’s fundamental goal is to
educate the Mexican people of blockchain technology, its many
uses, and benefits.
Mouses Cassab, the founder of Exponent Capital, a private equity
firm and member of the Blockchain Association, mentioned that
the current uses and applications of blockchain range from
reducing the costs of sending international payments to the
democratization of the current existing financial system.
Forbes added that these use cases are possible because
blockchain technology provides confidence and trust without the
need for intervention from a third party like an intermediary or a
quality control agent.
“This technology has the objective of creating more transparency,
safe, and efficient procedures,” said Felipe Vallejo, a provisional
president of the Blockchain Association in Mexico, in a rough
English translation.

In addition to educating the public, the Mexican blockchain
community’s agenda is also to ensure that the community has
strong standards concerning the safe and quality use of
blockchain technology, especially before it becomes a popular and
mainstream tool. Examples of safe practices include undergoing
know your customer (KYC) checks and avoiding the facilitation of
illegal activities like using the technology for money laundering , or
terrorism financing.

Inspired by Other Associations

The organizations banded together and created a blockchain
association by drawing inspiration from other national Blockchain
Unions that operated in other countries. Examples include
CryptoValley in Zug, Switzerland, the Korean Blockchain
Association in South Korea, and the Congressional Blockchain
Caucus in the United States.

Maria Ariza, BIVA’s director, mentioned that the association
should be a place where the blockchain community can discuss
important issues such as public policy. Ariza added that the
Association wants everyone to be able to present their ideas and
opinions freely.

Although the Mexican Blockchain Association began with seven
members, it is, however, open to other organizations and entities
who are keen to join. The group is reportedly receptive to new
members as the organization believes that blockchain technology
can apply to all industries.

Source: https://btcmanager.com