Colombia’s ICT Minister Karen Abudinen was interviewed by Colombia Fintech, and gave her opinion on issues such as blockchain technology and fintech. In the interview, which was published on June 16, she spoke, among other things, about the importance of blockchain technology in the state.
When asked what he sees as the potential of blockchain technology for use in the State, he responded: „Our objective is for technology to be a tool for Colombians to trust the State more and more, and in that sense the blockchain is fundamental. The developments through blockchains make transactions safer, so they have a great potential to be applied in the procedures that generate more uncertainty in citizens, such as tax collection, voting, issuing documents, donations, among other things“.
Monitoring the supply of medical devices with blockchain technology in Colombia
He then added: „We must highlight the use of Bitcoin Compass to increase efficiency, security and transparency in internal elections of district schools in Bogotá; or to address the requirements of registration, traceability, notification and consultation of the National Land Agency’s Resolutions of Award. These are just two success stories, but this technology can be applied to a number of sectors and solutions.
The number of companies linked to Colombia Fintech increased
Fintech in Colombia
On the other hand, the official referred to the fintech ecosystem and gave her perception of it: „Digital businesses have shown exponential growth in Colombia in recent years, due to the boom in new technologies. The figures support this, because according to Fintech Radar 2019 of Finnovista, an organization that analyzes the behavior of this sector in Latin America and Spain, Colombia has always been among the main ecosystems in the region, occupying the third place in Latin America with more than 180 startups. To be more precise, Colombia has registered a net growth of 45% in a year and a half in Fintech companies. Considering these figures and the rapid adoption of technologies in Colombian businesses, my work will also focus on continuing to accompany this growth through training spaces“.