The use of technology as well as the development of artificial intelligence could help to reduce the speculation that exists in the markets thanks to the fact that they work with mathematical algorithms, said Bernardo González Mendoza Chief Alchemist Officer and director of innovation at KIO Networks. Despite the reluctance that exists in the use of new digital technologies, thanks to which Blockchain and cryptocurrencies entered the scene, the specialist indicated that penetration has not been as great but the possibility of their disappearance is practically nil. There are currently 1,700 different cryptocurrencies throughout the world and Mexico concentrates the largest volume of exchange in cryptocurrencies throughout Latin America, besides not only has exchange sites it also has electronic signature and property companies. He stressed that behind the cryptocurrency there is a very interesting technology that is already within the economic system and one of the advantages, unlike the "traditional" model, is that it is not centralized or controlled by someone and instead there is a decentralization that is subject to the consensus of those who participate in it. At the end of 2017 the global market for cryptocurrencies totaled US $ 493,548 million, only in that year its market value was increased 29 times, from US $ 17,000 million in January, where bitcoin represents more than half of the value of this new market with US $ 292,402 million. KIO Networks is a technology solutions and services company and has clients from banking, retail, insurers, among others.
Cryptocurrencies will not disappear
The use of technology as well as the development of artificial intelligence could help to reduce the speculation that exists in the markets thanks to the fact that they work with mathematical algorithms, said Bernardo González Mendoza Chief Alchemist Officer and director of innovation at KIO Networks. Despite the reluctance that exists in the use of new digital technologies, thanks to which Blockchain and cryptocurrencies entered the scene, the specialist indicated that penetration has not been as great but the possibility of their disappearance is practically nil. There are currently 1,700 different cryptocurrencies throughout the world and Mexico concentrates the largest volume of exchange in cryptocurrencies throughout Latin America, besides not only has exchange sites it also has electronic signature and property companies. He stressed that behind the cryptocurrency there is a very interesting technology that is already within the economic system and one of the advantages, unlike the "traditional" model, is that it is not centralized or controlled by someone and instead there is a decentralization that is subject to the consensus of those who participate in it. At the end of 2017 the global market for cryptocurrencies totaled US $ 493,548 million, only in that year its market value was increased 29 times, from US $ 17,000 million in January, where bitcoin represents more than half of the value of this new market with US $ 292,402 million. KIO Networks is a technology solutions and services company and has clients from banking, retail, insurers, among others.
