Innovation and constant growth is part of Torres Legal's DNA. Our Managing Partner, Hector Torres, continues to position himself as a leader in the Fintech area, On July 24th, he was part of TechDay 2024, where he opened the series of presentations, from different speakers, and talked about the Blockchain, as a guarantee of transactional security.
Blockchain technology was approached outside the traditional explanation of a distributed technology; on the contrary, it was approached from a practical point of view, focused on a practical vision for the business area. For example, how this technology is revolutionizing workflows, reducing the number of intermediaries in a secure way and establishing new ways of doing business.
Additionally, blockchain does allow for a complete audit of its processes, as opposed to traditional systems. Hector comments that the security of Blockchain is its design, and that in the cases of cyber attacks to platforms or companies that use it, such attacks have been to systems that are not properly developed in blockchain, but that coexist with it, such as websites, servers, among others.
Finally, he developed the advantages of blockchain, among them is instant settlement. One can see how in seconds funds can be transferred easily because the very logic of this technology allows transactions to be made, with reduced costs.
“Traditional technology has been surpassed by blockchain in terms of speed, security and transparency”, Hector Torres.
TechDay is a space focused on technological trends, such as the scope of artificial intelligence; also cover topics related to the dissemination of “evergreen content”. This event has a regional scope as it is present in Central America and the Caribbean.
Participation in Nashville
The world's largest Bitcoin event is taking place from July 24th to 27th. Our Managing Partner, Hector Torres, together with our Partner, Daniel Leiva Fortín, are participating in it to be at the forefront of this topic, and continue leading activities and processes on Bitcoin in El Salvador.