News

An event dedicated to promoting blockchain technology

May 19, 2022
The School of Engineering is hosting a conference dedicated to promoting this technology, featuring national and international speakers. David Giménez, a faculty member and the event’s organizer, discusses the focus of the presentations, the benefits of learning about and understanding this technology, and the importance of having experts in the field.
An event dedicated to promoting blockchain technology

Why hold an event dedicated to this technology?

We are currently in a period of technological transition that is having a significant impact on business processes, commercial activities, and social life. This marks the shift from Web 2.0 to Web 3.0, and blockchain technology is at the heart of this transition.

This technology is paving the way for a more decentralized web that puts individuals at the center and empowers them, giving them greater control over their personal data and privacy.

As with other periods of transition, there are risks that are exacerbated by a lack of understanding of the technology. For this reason, we believe it is essential to break down the barriers to understanding blockchain technology and make its in-depth, technical knowledge accessible to an increasingly broad audience.

The goal of this event is to promote understanding and highlight the significant impact this technology is having on business processes, commercial activities, and business relationships, as well as on communities of professionals, academics, and entrepreneurs.

There are various national and international speakers participating. What is the focus of the talks?

We are privileged to welcome experts from leading companies specializing in blockchain technology, who will share their expertise with us and explain the technical fundamentals of blockchain and its implications for business processes.

It is important to note that blockchain is not a monolithic, closed technology, but rather an open technological ecosystem that intersects with many fields and disciplines.

In this context, speakers will discuss a wide range of topics, including security, business processes, sidechains, NFTs, Web 3.0, and many others.

In addition, the talks will focus on raising awareness and understanding of this technology, which promotes transparency, security, and inclusion in information processes.

What are the benefits of blockchain?

The first benefit is providing an infrastructure that allows economic actors—who do not need to know or trust one another—to conduct financial transactions securely, without the involvement of a third party to guarantee or secure the transaction.

But even though it is a very young technology, having emerged just 14 years ago, it has evolved rapidly. It offers new business processes and new markets. It is a fertile platform for businesses in the area known as Decentralized Finance (DeFi), in the tokenization of physical and digital assets, in NFT markets, in the integration of information processes, and in many other areas.

It is important to note that this technology has enormous potential, but we must understand how it works in order to implement it properly and prevent its use in illegal activities.

Where does Uruguay stand with regard to this technology?

Uruguay has always stood out as a technology hub in the region and a fertile ground for business, thanks to its long history of political, economic, and social stability. has also has with a very high level of technical expertise. In this regard, it is crucial to train professionals in this technology who can lead the technological change and the transition currently underway.

More and more companies are using this technology as the core of their business operations, but when we compare ourselves to other countries in the region, we still have a long way to go. Argentina and Brazil are major players, with highly developed communities that set industry standards used worldwide.

In this context, Universidad ORT Uruguay pave the way for the adoption of this technology among professionals, academics, and business leaders. Courses on this topic are already offered in the Systems Engineering and Bachelor of Systems Science programs.