The Argentine Chamber of Software seizes an opportunity to export Blockchain technology to the Middle East.
Blockchain-based technological solutions continue to advance in the world. Recent news refers to a trade mission from Argentina, in which the president of the Chamber of the Argentine Software Industry (Cessi), Sergio Candelo, highlighted the “project possibilities” of the sector that emerged in the United Arab Emirates (UAE), such as part of the trade mission headed by Foreign Minister Santiago Cafiero.
Candelo’s Assertions
Candelo assured that it is “a place that the sector has to start analyzing and putting it on the radar” since there are “many investment funds, a lot of money, many possibilities and requirements in many types of technologies such as Blockchain, Internet of things (IoT) and greentech”.
In search of new markets for a sector that is clearly growing, Canelo expressed that the industry’s goal is to reach, by 2031, exports of USD 10,000 million and 400,000 new jobs. “The Middle East area is not a large sector where our industry exports, but what we are seeing is that it has great potential, and from the Chamber we are going to bring a lot of information so that all companies that are interested can join and see this market as an additional alternative”, he explained.
The representative of the software sector recognized the sustained growth of the sector that “went from exporting some 20 to 25 million dollars in the 2000s to almost 2,000 million”, and asserted that “achieving new markets” and “having more people dedicated to the industry” is key to its continued expansion. “What we have seen is a lot more people in the last two years who are thinking of working in our sector and the software industry could be a key sector for transformation in Argentina,” Candelo concluded.
On the other hand, Renata Rodrigues, Global Marketing Manager at Paxful, in a column for the newspaper Perfil, stated that, “the most surprising thing is that as the influence of Bitcoin grows in Latin America and in the world, it is possible to perceive how capital from large investors no longer promotes this movement. Instead, much smaller communities are unlocking the true power of Bitcoin in new and unexpected ways.”
Something to Remember
Everything related to the software industry is an important segment for Argentina. In the private sector, there are 6.22 million people employed, and the average salary ($130,350) is located in the 8% of the best salaries in the private sector.
It is worth noting that one of the most important features of Blockchain and cryptocurrencies is the decentralized and independent model of the banking system. In this sense, the ecosystem depends entirely on the individual and autonomous interaction of the people who decide to be part of it, allowing an alternative and safe form of participation in the markets that have already adopted this modality. It is especially effective in countries with highly fluctuating economies, such as in LATAM, as well as for investors who are committed to technological advances that can open up new financial possibilities in the future.
By Audy Castaneda
