THELOGICALINDIAN - The UK government ability be the abutting article that starts application the Bitcoin blockchain for nonmonetary purposes Every day we see added account that makes us anticipate Man How abounding things can the blockchain do What all is it acceptable for With what appears to be constantlygrowing capabilities its no admiration the beginning technology has so abounding advocates
Also read: How the Blockchain may be the Future of Wall Street
Several businesses acclimatize themselves about blockchain technology and affirm by its safety, calling it the best defended belvedere in existence. In 2014, Business Insider appear an commodity advertisement the top ten best able blockchain businesses authoritative advance through the agenda bill realms, and it’s adamantine to disagree at aboriginal glance. Number three on the account is San Francisco-based Kraken, who beforehand this year appear it would accept the defalcation claims of asleep barter Mt. Gox, booty over its collapsed accounts, and action chargeless barter credits to above users.
BI additionally placed Coinbase and BitPay on the list. Coinbase is arguably the better belvedere for barter to buy and advertise bitcoin. The aggregation is now accretion into Canada and Singapore. On the added hand, the majority of businesses accepting bitcoin do so through the aid of BitPay. Thus, it’s apparently safe to say that these two banking entities adapted their spots on BI’s list.
Young and old, abounding out there affirm by the blockchain and adjure to what it can do. Now, is it accessible that maybe the UK government itself is attractive into the blockchain for record-keeping purposes?
The Government Digital Service, a annex of the UK Cabinet Office, explains in a blog post that it is currently exploring the blockchain and its abeyant use in managing, formatting, and ultimately convalescent the government’s assorted registers acclimated in the alignment of pertinent records. At this time, no solid decisions accept been made, and the blog makes it bright that blockchain acceptance is alone actuality “examined.” Paul Downey, a abstruse architect, and a “doodling hacker active in Berkhamsted, England,” as his website states, mentioned:
Judging by these words, it will acceptable be some time afore annihilation is acutely decided. However, the blog column acutely accustomed that the blockchain can booty on the task, and the announcement has angry abutment from the cryptocurrency association in the UK. A agent for the UK Digital Currency Association, for example, acclaimed the government’s alertness to attending into bitcoin technology for its needs, adage that there is “no bigger way” to bear a accessible annals than through the blockchain. The agent connected to say:
Will the government eventually accord in and absolutely accept to the blockchain’s capabilities? Or will it about-face abroad and attending for added means? Post your thoughts and comments below!
Images address of WWF, Coinbase, Government Digital Service
