GoChain and Lexia to Launch Inaugural Crypto Lab Program in Latin America — GoChain
Lexia and GoChain launch “Crypto Lab” program designed to educate, drive awareness, and accelerate enterprise adoption of digital transformation strategies and blockchain and distributed ledger technology solutions, in Latin America and beyond.
Reno, NV USA | Bogota, Colombia — November 25, 2020 — GoChain Enterprise Solutions and Lexia, a leading Bogota, Colombia-based legal and digital advisory services firm, are proud to announce the signing of an MOU and collaboration focused on the development and launch of a “Crypto Lab” program designed to educate, drive awareness and accelerate enterprise adoption of digital transformation strategies and blockchain and distributed ledger technology solutions, in Latin America and beyond.
Colombia is fast becoming a leading technology hub in Latin America. With a relatively open and free economy, ~ 120% mobile penetration and an estimated 35 million internet users, Colombia has experienced an entrepreneurial renaissance in recent years and cultivated the launch of prominent startups including Rappi, Colombia’s “unicorn” on-line delivery app. The government has enacted pro-business regulations and with the establishment of the Ministry of Science, Technology, and Innovation and business incubation support programs, has embraced innovation as a critical catalyst for driving prosperity and economic growth. Colombia’s e-commerce scene has increased significantly in recent years as well as the adoption of cryptocurrencies, given consumer banking needs and the government’s forward leaning, active piloting and pro-legislation / legalization approach.
With both organizations focused on providing bespoke consultancy and digital solutions to leading organizations globally, and given recent regulatory developments and ongoing positive signaling for cryptocurrencies and distributed ledger technologies in Colombia, GoChain and Lexia are working to launch a timely and unique educational and ideation program in Bogota, which would enable companies through a series of interactive modules and design sprints to further explore and learn about blockchain and distributed ledger technologies.
Anticipated key learning outcomes include obtaining a solid foundation on blockchain and distributed ledger technologies, learning about the latest digital strategies and enterprise best practices, and gaining insights on relevant local and regional legal and regulatory trends. The program will also highlight innovative blockchain-based applications including GoTrace, a turnkey blockchain-based SaaS chain of custody system providing granular track and trace solutions and auditability of transactions recorded on GoChain’s public blockchain, and how it and other applications are uniquely verifying claims and tackling the problem of trust. Participants will also have the opportunity to test and blockchain technology applications in a virtual sandbox, testnet environment hosted by GoChain.
Ultimately, each participating organization upon conclusion of the lab program will be in a better position to assess how emerging and digital technologies can be deployed to tackle business problems and to meet economic and social goals. The inaugural Crypto Lab is expected to commence in Q1 2021 and to consist of a cohort of leading organizations across varying industries ranging from banking, insurance, agriculture to consumer products. Pending the outcome of the initial program, GoChain and Lexia anticipate scaling and replicating the program in other countries throughout Latin America.
“ We are very excited about partnering with GoChain for the Crypto Lab. Latin American companies need new ways of exploring emerging technologies from different perspectives (regulatory, product and business) and the Crypto Lab provides the perfect platform for this. “
Jose Torres, Partner, Lexia
“ We are proud to partner with Lexia to establish the new inaugural Crypto Lab in Colombia. The launch is timely as enterprises and organizations throughout Latin American and the Caribbean are increasingly exploring and applying blockchain and other digital technologies. We see in Lexia an innovative and forward-looking firm that is deeply committed to catalyzing the adoption and change. “
Henry Ines, CEO, GoChain
Lexia Abogados, formerly Torres Fernández de Castro Asociados, is a leading boutique law firm in Colombia pioneering innovation in legal services through legal design, legal tech and cutting-edge initiatives such as the Crypto Lab. Lexia has extensive practice in high-ticket litigation, arbitration, insurance and reinsurance, legal design, fintech and crypto. For more information, visit www.lexia.co or follow Lexia on LinkedIn.
Jose Fernando Torres Varela, Partner
GoChain Enterprise Solutions is a blockchain technology and advisory services firm that provides custom software development, turnkey applications, and other digital transformation solutions. The company’s flagship SaaS blockchain-based chain of custody system, GoTrace, provides granular track and trace solutions, ensures product authenticity, and enables the near-real time auditability of claims and the recording of key data elements and critical tracking events on GoChain’s enterprise-grade blockchain — a highly scalable, cryptographically secure, and “green” blockchain developed and maintained by the GoChain Foundation. GoChain’s Proof of Reputation (PoR) consensus algorithm relies on a decentralized consortium of Fortune 500 companies, NGOs, and nonprofits including Lenovo, DISH Network, the Pennsylvania State University and Conservation International to validate transactions. For more information, visit gochain.io or follow GoChain on LinkedIn, Twitter, and Facebook.