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Mapping the trends and the future of Internet in Latin America
In brief:
Blockchain and distributed ledger technologies are groundbreaking and influential tools to potentially address the social and ecological challenges in the Global South and worldwide.
In this research, we present our Horizon Scanning, which compiles lots of evidence and signals about what is going on in Latam and how technology and Blockchain seem to offer some solutions – for good or bad.
Sector:
Web3, Bitcoin, Blockchain
Location:
Latin America (Latam)
Year:
2022
Latin America is driving the adoption of many emerging Web3 technologies because these could potentially address accusing problems like inequality gaps, natural disasters, predation of natural resources, stagflation, data colonialism, massive migrations, mass adoption of new technologies, street violence, dictatorial regimes, and democratic crises.
We believe this context is the perfect environment for testing new visions that crush our ideas of what Web3 is all about. For this purpose, Horizon Scanning is a vital component of Strategic Foresight, the process of looking for early warning signs of change in the strategic environment. It helps us have a more open approach and build strategic intelligence to explore new opportunities and hidden disruptors.
Trends Radar
We identified 11 trends that we expect to nudge and affect the region and the diversity of their peoples.
Understanding and innovating around these key trends is an excellent first step for private and public organizations looking to impact South & Central America today.
Act:
A lot of evidence and signals let us know the maturity of this trend.
Get ready:
Strong but with new evidence that might accelerate the trajectory of this trend.
Watch closely:
Still important, but with weak signals and evidence that increase some uncertainties on the trajectory of this trend.
Level of proximity:
It denotes the proximity to this report’s three main fronts: Tech, Social, and Climate. It organizes our thinking around these topics and their influences. Some social and climate-related Trends might be perceived as less relevant (to techies) now but still crucial for sustainable and inclusive futures.
Bottom line
The future of the Blockchain industry is unclear. Still, under current environmental, economic, and technological pressures, and thanks to Web3 tools, the first forms of true productive decentralization are successfully emerging, potentially affecting contemporary economic logic in Latin America.
The snowball effect generated by the expansion of Web3 will mean that sooner or later, big players in all industries and territories will be forced to implement some layer of Web3 or suffer some level of obsolescence. Governments must be vigilant in responding to these processes and avoid all attempts to concentrate too much power, as seen in Web2.0.
