Pedro Gutierrez, Director of Business Development at Peersyst Technology, is heavily involved in the Latin American blockchain solutions space. On this occasion, he has shared with the Cointelegraph en Español team his opinions and perspectives on artificial intelligence, technology and especially on Ripple, a blockchain protocol with which he has been linked from the projects in which he participates for its development.
First of all, Gutierrez has highlighted that currently, XRP, Ripple’s cryptocurrency, has achieved statistically significant market capitalization, occupying a place among the 10 largest cryptocurrencies. On the other hand, He also praised the fact that the company (Ripple) has experienced a constant growth in its user base and in the adoption of its technology, which suggests a growing demand for its payment solution in the market.
Likewise, Gutierrez stated that, despite being difficult to predict the exact future of the crypto market and Ripple, The strong position, its focus on technological innovation and improving the efficiency of payment systems, give Ripple an opportunity to remain a major player in the ecosystem.
“In corporate terms, Ripple continues to invest in its technology and market presence, demonstrating its commitment to long-term success in the crypto industry. Since its establishment in 2012, it has gained a high reputation in the market and has established strategic alliances with various financial institutions, payment companies and governments around the world.Gutierrez recounted.
“He has a unique approach to solving problems in the global financial industry, especially in the area of international fund transfers. Using the XRP cryptocurrency as a means of clearing, the RippleNet platform offers a more efficient, faster and more affordable funds transfer experience for financial institutions.”he added.
The technological relevance of blockchain
On the other hand, as a result of the fact that the WEF will be held in Davos a couple of weeks ago, Gutierrez took the opportunity to opine that the fact that blockchain technology and cryptocurrencies are discussed in these relevant spaces such as Davos, demonstrates the growing interest and acceptance of these technologies by key players in the global economy.
“This is a positive sign that the industry is evolving and maturing, which may lead to greater adoption and use in the future. In addition, the space in forums like Davos also provides the opportunity for education and discussion on regulatory challenges and the importance of cybersecurity in the context of these technologies”he pointed.
The Advancement of Artificial Intelligence (AI)
According to Gutierrez, Artificial intelligence (AI) is an ever-evolving technology that has significantly impacted many industries, including automation, logistics, healthcare, and entertainment.. In his words, AI is characterized by its ability to learn from data and make automatic decisions, which allows for improved efficiency and accuracy in a variety of applications.
That being said, he explained that from a corporate and technological perspective, the advancement in AI has led to a greater demand for advanced and customized solutions that allow companies to harness their potential to improve their processes and services. “This includes the automation of repetitive tasks and the optimization of decision making, which allows companies to improve efficiency and reduce costs”said.
However, Gutierrez cautioned that there are also concerns about privacy and data security, as well as proper regulation of the technology.
“It is important that regulators and companies work together to ensure that AI is developed in a responsible and ethical manner”he mentioned.
On the other hand, regarding whether blockchain and AI could be integrated or are incompatible with each other, He stated that both technologies are complementary and can work together in innovative solutions that strengthen data security and transparency, while allowing greater efficiency in terms of automation and decision making.
“For example, blockchain technology can be used to create an environment of trust and transparency in the recording of AI training data, guaranteeing that the results are fair and unbiased”Gutierrez explained.
“Likewise, blockchain technology can be used to provide a secure and reliable infrastructure for the implementation of AI-based solutions, such as business process automation or financial fraud detection, among many other use cases. Both in combination can help improve data privacy and reduce the risk of manipulation, which is especially important in regulated and privacy-sensitive industries, such as healthcare or finance.”, he added.
Peersyst Project
Finally, Gutierrez took the opportunity to talk about the current situation of Peersyst, a company in which he is in charge of business development through innovation and progress in blockchain technology. According to him, Currently, they are collaborating with governments and multinationals to help them in the blockchain adoption process and in the implementation of replicable and scalable solutions. through constant evolution and exploration of new protocols to always stay at the forefront of the blockchain technology sector.
“According to our statistics, more than 75% of the projects we have worked on have achieved a significant improvement in their processes and greater efficiency in their implementation thanks to the adoption of blockchain”he declared.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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