Blockchain Adoption in Venezuela

Blockchain Adoption in Venezuela 

​Latin America has seen incredible development in adopting a wide range of blockchain solutions, with Venezuela being an especially interesting case for the technology’s implementation.

As probably most of you know, Venezuela has been making headlines the past few years due to the economic woes that have befallen it. The oil-rich country has been struck by hyperinflation through a combination of external economic shocks and a history of internal policy decisions that resulted in the tragic state of affairs we see today. Before we take a look at the current state of blockchain adoption in Venezuela, we must at least have a basic understanding of the economic missteps that led to the situation in the country.  More