Financial analyst and university professor Juan Fernando Subirana emphasized the importance of having spaces for analyzing the adoption of...###

Financial analyst and university professor Juan Fernando Subirana emphasized the importance of having spaces for analyzing the adoption of new technologies in challenging contexts like those currently faced by the country, particularly in the energy and agricultural sectors.

ISSUE 134 | 2024

Vesna Marinkovic U.

Analyzing opportunities to tokenize real assets and convert them into digital ones in challenging contexts was the key topic highlighted by Juan Fernando Subirana, moderator of the event hosted by *ENERGÍABolivia* magazine and *Grupo CECAL SRL*, titled "Bolivia Blockchain Summit 2024," which took place on August 20th at the Los Tajibos Hotel in Santa Cruz de la Sierra.

In his conclusions, Subirana praised the opportunity provided by *ENERGÍABolivia* to discuss disruptive topics that are "just the tip of the iceberg." He recalled the 2024 Annual Energy Dinner, held in April of this year, where the adoption of new technologies was linked to the energy sector and now extended to the agricultural sector.

“Today has been a pivotal moment in addressing this topic, allowing us to highlight the importance of adopting new technologies in both the energy and agricultural sectors,” said Subirana regarding the “Bolivia Blockchain Summit 2024,” noting the complementarity of both events and the opportunities they offer to address challenges like the shortage of dollars in the country.

PRODUCTION AND REGULATION

Regarding the presentation by Fernando Romero, president of ANAPO, he mentioned that it addressed the entire soybean cluster, highlighting two major issues in the sector: production and regulation, both essential for understanding the reality and beginning to outline solutions.

Concerning the participation of Eduardo Novillo Astrada, CEO and Co-Founder of Agrotoken from Argentina, whose presentation sparked great interest in the agricultural sector, Subirana emphasized the vision that commodities like soybeans, rice, or even gas could become an exchange currency, similar to bartering, but now using new technologies.

...transforming real assets into digital ones, starting with an oil well, marking a turning point for the future of the oil industry in Bolivia.”

A TURNING POINT

Subirana also pointed out that, although Bolivia is behind in adopting these new technologies, the scope for action is vast and necessary. He highlighted the proposal by Diego Monroy of Luka Industries LLC to start converting real assets into digital ones, beginning with an oil well, which he said would "mark a turning point for the future of Bolivia's oil industry."

The event featured notable contributions from Mariela Baldivieso, a deputy from Comunidad Ciudadana, and Fabián Espinoza of Ciber Justicia, emphasizing the importance of having these new technologies as an alternative and calling for the necessity of their regulation in Bolivia.

The “Bolivia Blockchain Summit 2024”, organized by “ENERGÍABolivia” magazine and Grupo CECAL SRL, analyzed "The Impact of Tokenizing Real Assets on the Economy," exploring the impact and projections of the cryptoasset industry across various sectors of the national economy, highlighting global opportunities and challenges.

Key topics included the tokenization of commodities like soybeans and sugar; the use of gas/biogas waste (currently flared) and biomass to generate electricity and produce digital goods; the securitization of financial instruments based on the traceability of sustainability practices to monetize corporate environmental efforts; as well as the legal framework that will govern the development of this industry in the country.

“Subirana also emphasized that, although Bolivia is behind in adopting these new technologies, the scope for action is vast and necessary.”