Detailed Plan
Most LATAM countries receive payments from abroad, especially from the US, if we want to improve the use of ADA in these countries, we need first to educate key stakeholders and turn them into our allies, with less friction or opposition we will deploy the Cardano blockchain into the countries.
None of LATAM countries, except El Salvador, has a regulatory framework for crypto assets or digital assets and the problem is the lack of knowledge about the technology.
Our thesis is that to promote mass adoption, evangelization on the subject needs to be embedded within the traditional establishment. By promoting to key stakeholders in the establishment, we will reduce the resistance to blockchain and in consequence to the Cardano ecosystem at the heart of the financial sector.
To achieve this, we will design short workshops targeting, in each country, the board of directors of the primary financial institutions, key members of the regulatory community, central bankers, and local exchanges directors. These workshops will be designed with 3 pillars of focus:
1. Educate and clarify any misconceptions on the subject, supported by a set of professionals with vast experience in capital markets and the development of projects in blockchain technology in LATAM.
2. Explain the applicability of Cardano Blockchain technology and its benefits such as the carbon footprint, transactions per second, network security, and interoperability with other networks.
3. Generate awareness in the process of engaging technology partners and solutions for their current and future needs.
It is important to note that this financial ecosystem, which is tasked to monitor the activity and detect illicit activity, such as terrorism, trafficking, and laundering, has been misguided by the negative stigma around certain illegal crypto activities and as a result, tend to associate blockchain with high risk, the ‘kryptonite’ to any super financial stakeholder.
This is a non-profit initiative with the intention to promote and educate for the LATAM benefit.