Cardano founder Hoskinson Says Argentina Could Become a Global Tech Hub with the Right Reforms

Charles Hoskinson, co-founder of Ethereum and Cardano, visited Argentina recently to attend the Cardano Summit 2024 in Buenos Aires and met with President Javier Milei to discuss blockchain technology adoption.

Through a recent shared interview, Hoskinson said that he believes that Argentina is moving in the opposite direction from many other South American countries, embracing market freedom, and could become a significant technological hub for the region.

Cardano’s founder emphasised that blockchain, artificial intelligence (AI), and other emerging technologies could play a key role in transforming the country’s economy and positioning it as a leader in innovation.

Hoskinson asserted the importance of collaboration between the government and private companies, like Globant and Mercado Libre, to draft a comprehensive Digital Argentina 2030 plan. This plan would focus on integrating technologies like blockchain, AI, and the Internet of Things into everyday life, benefiting citizens through advancements in payments, voting, and governance systems. He praised Milei’s willingness to endure short-term economic pain for long-term prosperity, comparing it to reforms in China and Japan that led to significant economic growth.

Hoskinson also noted that Argentina’s current political and economic environment provides fertile ground for blockchain innovation, with the population already showing a high level of cryptocurrency adoption.He also expressed interest in hiring local developers and making Argentina a regional hub for blockchain development, with potential to expand into other Latin American markets. If the country stays on this path, Hoskinson believes Argentina could become one of the world’s largest economies within the next 20 years.