This headline is on the front page of a February 2017 report issued by the European Parliament Research Center.
All parliamentary bodies at the moment are getting to grips with the potential of Blockchain. Typically governments don’t trust what they can’t control. There has been and will continue to be a fair bit of ‘blowing hot and cold’ on this technology but this report, at least, is blowing hot.
The private sector will also blow hot and cold. The big banks can see the benefits of cutting costs in the back office, whereas we suspect they are not so excited about potential encroachment on their clients and service by Fintech start-ups…although there are many cases of collaboration in the start-up sector…
Read the EU report here.