Articles by Pablo Soria de Lachica

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Pablo Soria de Lachica Explains the Advantages of Ethereum-Based Smart Contracts

As blockchain solutions continue to proliferate across all sectors of the international economy—by 2024 the market is expected to exceed USD$60 billion as reported by Forbes, global investment expert Pablo Soria de Lachica examines the benefits of Ethereum-based smart contracts and how companies can greatly improve their organizational capabilities by integrating this cutting-edge, scalable technology. He explains the basic concept as such—a simple system/program (if A executes B, then C occurs) designed to facilitate financial agreements between two or more vested parties, underpinned by the security, reliability and convenience of an encrypted blockchain cryptocurrency such as Ethereum (ETH) which surpasses the often-touted Bitcoin in application due to its open source coding language. Soria de Lachica is not alone in his enthusiasm and positive outlook for this technology, as NASA have recently announced their investment in ETH research with an aim to adapting smart contracts to the programming of space craft, primarily due to the perceived stability of Ethereum (its…


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Pablo Soria de Lachica on What Sets Ethereum Apart in Crypto Space

Even those who are not familiar with blockchain are likely to have heard about Bitcoin, the payment system that uses the technology, after its stratospheric rise in value in 2017. In February 2018, Bitcoin was the most valuable cryptocurrency with a total value of $143 billion USD. Behind that was Ethereum, an up-and-coming cryptocurrency that many experts are predicting will overtake Bitcoin in 2018, at $88 billion USD. Mexico’s Pablo Soria de Lachica, an internationally recognized foreign exchange analyst, explains Ethereum’s benefits that set it apart from its competitors within the crypto sector. To begin, Pablo Soria de Lachica explained that Ethereum is an open source public service that uses blockchain technology to facilitate smart contracts and cryptocurrency trading securely and without a third party. While there are many similarities among virtual currencies, proponents of Ethereum believe its main advantage is that it allows individuals and companies to do much more than just transfer money between entities. In early March, Bloomberg called…


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Pablo Soria de Lachica – on the Potential of Ethereum to Become Top Cryptocurrency

As the first cryptocurrency, Bitcoin heralded the most exciting period for technology since the creation of the internet. However, in the nine years since it exploded onto the global financial scene, the original crypto coin has, in a way, become a victim of its own success. Its meteoric rise sparked the emergence of over a thousand cryptocurrencies, triggered an investor frenzy, and raised a red flag for regulators. Among the multitude of digital coins vying for attention, only a handful stand out and appear destined for longevity. While none of them is currently close to Bitcoin in terms of market capitalization, industry participants and investors have already spotted gaps in the cryptocurrency’s armor. At the same time, another digital coin has kept gaining prominence, consistently proving its worth beyond purely monetary value. Ethereum (ETH), which arrived almost five years after Bitcoin, has become far more than the second-largest cryptocurrency by market capitalization. It is also…


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Pablo Soria de Lachica Comments on Growing Ethereum Support by Governments Worldwide

The appeal of blockchain technology extends beyond cryptocurrency. Currently, it is being explored by governments around the world for applications ranging from e-residency to Internet of Things devices. Increased efficiency and security are the major reasons national administrations are considering the integration of blockchain technology in their operations, says Pablo Soria de Lachica. The distributed ledger is a digital record of transactions that is spread across peer-to-peer networks. Attempting to create unrealistic records is very difficult, since each “block” in the chain is encrypted. Also, because the blockchain is not found in a single location, it is nearly impossible to alter every single record on the ledger. If applied, citizens’ identities and transactions with the state will need less checks to ensure accuracy and security. The US Food and Drug Administration recently issued a formal notice to obtain information on the blockchain’s application for exchanging patient-level medical data in the United States Critical Illness and Injury Trails…


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Pablo Soria de Lachica Examines How Mexico is Set-Up for Innovation

With the 13th largest economy in the world (11th in terms of purchasing power and 10th most populous), Mexico sits abreast of the largest and most competitive international economic markets of our times. In 2017, the Mexican economy defied lackluster predictions for financial health by posting above average GDP growth. While much of this success was linked to trade, market analyst Pablo Soria de Lachica explains that structural reforms by the current administration have led to a freer private sector, open to dynamic business formations characterized by innovation and technology-driven enterprises. The Mexican government has steadily increased expenditures on research and experimental development,from 0.4% of GDP to 1% by 2018. This includes considerable investment in agencies such as CONACYT (Consejo Nacional de Ciencia y Tecnología-National Council for Science and Technology) who receive upwards of $2.2 billion annually, despite cutbacks to other sectors. A large portion of CONACYT funding is directed towards sustainable/renewable energy, health and green development. Pablo Soria de…


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Pablo Soria de Lachica Discusses Inflation Prognosis for Mexico

After a year of reactionary fluctuations that began to steady in the later part of 2017, Mexico’s inflation rate appears poised for a stable decrease heading into 2018, barring any setbacks to the peso’s exchange rate. Pablo Soria de Lachica, internationally recognized broker, discusses the country’s long term inflation outlook, expressing cautious optimism moving forward after an eventful 12 month period that witnessed the nation’s currency hitting a 16-year high in September. Mexico’s inflation rate averaged 25.19 percent from 1974 until 2017, peaking at 179.73 percent in February of 1988, with an all-time low of 2.13 percent in December of 2015. Likewise, the beginning of 2017 was somewhat tumultuous for the peso, evidenced by a record low against the U.S. dollar during early January, when it dwindled to 22.0 MXN/USD. This was attributed to widespread pessimism towards the future of the North American Free Trade Agreement (NAFTA) following the 2016 United States…


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Pablo Soria de Lachica Highlights Investment Opportunities Created by Mexican Market Liberalization

Following the conclusion of a years long process to liberalize the domestic fuel market, gasoline and diesel prices are no longer subject to government control anywhere in Mexico. As of November 30, the Finance Secretariat (SCHP) announced that fuel prices were fully deregulated, effective immediately, and that it would cease publishing daily maximums. Financial analyst Pablo Soria de Lachica discusses several new investment opportunities that are arising as large oil companies and other players welcome the news of eased government control. Soria de Lachica explains that the liberalization process began in 2013, when Mexico’s government launched a sweeping overhaul of the country’s energy sector that opened the oil, gas and electricity industries to foreign direct investment. Consequently, energy companies and those in related industries, both Mexican and international, recognized sizable opportunities in a rapidly evolving environment — both in the provision of infrastructure and the wholesale of fuel and supplies. Nearly half of the country’s pipelines…


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Pablo Soria de Lachica Comments on Recent Moves to Regulate Mexico’s FinTech Sector

On Dec. 5, 2017 Mexico’s Senate approved a bill that would regulate its rapidly expanding financial technology (fintech) sector, including crowdfunding and cryptocurrency firms. “The new laws, which seek to promote stability and defend against money laundering, are also expected to pass through a final lower house vote,” explains financial analyst Pablo Soria de Lachica. If approved, Mexico will join a small, but growing, list of countries, including the United States and Britain, that have sought to regulate fintech businesses. The goal of the change, said Pablo Soria de Lachica, is to provide legal clarity for companies, including those working with bitcoin, that are creating new variations of traditional products and services. As currently written, the measure would specify that cryptocurrencies are not legal tender in Mexico, and all firms that deal with them would be officially regulated by the country’s central bank. If passed, the bill has the potential to reduce operational risk, enhance transparency and improve…


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Pablo Soria de Lachica – Discusses Impact of Mexico Earthquakes on Local Property Market

Mexico was struck by three earthquakes in the month of September, with the 7.1 magnitude earthquake that struck Mexico City on September 19 causing widespread damage to municipal infrastructure, in addition to over two hundred deaths. The capital is home to 27% of the country’s population and generates 17% of its national gross domestic product. As the city implements reconstruction plans, Pablo Soria de Lachica points to improved building codes since the 1980s as a key factor in the reduced number of casualties relative to the capital’s infamous 1985 quake, in which 10,000 people lost their lives. According to the LA Times, city officials reported the earthquake affected 7,649 properties, of which 321 buildings are now considered uninhabitable. Shortly after the disaster, the city announced a 3 billion pesos reconstruction plan, making financial aid and loans available to residents commensurate with degrees of damage. The destruction of property caused demand for housing in neighborhoods surrounding affected areas to rise by 50%. In…


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Pablo Soria de Lachica – Examines Prospects for Mexican Businesses in Earthquake-Affected Regions

In September of 2017, two separate earthquakes just weeks apart brought a great deal of destruction and casualties to Mexico City and the states of Morelos, Puebla, Oaxaca and Chiapas. The aftermath of these tragedies revealed a death toll that climbed well over 400, completely leveled over 60 buildings, and left thousands of other structures with significant damage. The effects will continue to linger in several ways for an extended amount of time, as these regions focus on recovery with not only their infrastructure and housing, but their respective business environments as well. Globally-renown businessman and foreign exchange expert Pablo Soria de Lachica discusses the financial prospects for the areas affected by these earthquakes, highlighting positive projections over the long term as they rebuild and move on. Shortly following the quakes throughout Mexico, the initial fallout was easy to see. Many businesses were total losses, while others sustained heavy damages that would prevent them from…