{"id":18418,"date":"2018-04-03T00:58:27","date_gmt":"2018-04-03T04:58:27","guid":{"rendered":"http:\/\/www.escapeartist.com\/?p=18418"},"modified":"2020-09-10T05:25:46","modified_gmt":"2020-09-10T09:25:46","slug":"puerto-rico-underwater","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/puerto-rico-underwater\/","title":{"rendered":"Is Puerto Rico underwater?"},"content":{"rendered":"

Some may say the Puerto Rico is drowning in debt, corruption, and the aftermath of hurricane Maria. \u00a0Well, that all true, but not the whole story when it comes to the US territory of Puerto Rico. <\/span><\/p>\n

The Caribbean is characterized by warm waters, palm trees, lush forest and flexible governments. Puerto Rico’s status as a US territory is no exception to the general Caribbean standard. However, due to its unique status this commonwealth is phenomenal for business. In this article I will explain how PR is undervalued, at the moment, and potential business development opportunities that will flourish within the next few years. <\/span><\/p>\n

For more on the various tax incentives available in Puerto Rico, see <\/span>A Detailed Analysis of Puerto Rico\u2019s Tax Incentive Programs<\/span><\/a>.<\/span><\/p>\n

One way Puerto Rico is bailing out is by becoming a blockchain hotspot. As per a <\/span>\u00a0NY times article<\/span><\/a>, there has been much talk about the island running blockchain projects. The senate has held hearings as to what is acceptable in terms of the technology and the government developing their own crypto currency called <\/span>\u201ckokicoin\u201d<\/span><\/a>. <\/span><\/p>\n

Here\u2019s what the government and businesses suggest: <\/span><\/p>\n

To host such technology, Puerto Rico needs to consider its infrastructure and the 2 major factors of hosting blockchain hardware; <\/span><\/p>\n