Learning block chain technology for the formulation of relevant policies, the United States Congress bitcoin and bitcoin block chain was set up and block chain panel
Effect of blockchain is penetrating the world. Even the United States Congress has not Hold up, the United States Congress in September 26th set up a core group, the underlying technology is dedicated to this bitcoin. The core team from Colorado Democrat, bitcoin senior Jared Indianapolis? (JaredPolis) Mick and South Carolina Republican? Mulvany (MickMulvaney) and the efforts of the non-profit organization CoinCenter formation.
The group (officially called members of Congress organization) will be completely committed to promoting monetary and other public policy about encryption technology based on block chain. This is a bit like high school community, some people with the same interests together to discuss their problems in special field. In Indianapolis announced that the group said in a statement, the blockchain has limitless potential.
Block chain technology is to shake the financial industry, banks are eager to implement block chain solutions, they believe that this technology can save hundreds of millions of dollars in the background service costs, such as the coordination of joint loan, clearing and settlement of securities transactions. Outside the financial services sector, block chain is also obtained from all the attention of the industry, for tracking image copyright and diamond source. This technology is no longer confined to bitcoin and contraband market (such as the Silk Road).
“This block chain group will focus on raising awareness, promote growth and the concept of safeguarding the interests of consumers.”
He also said:
Block chain technology has changes in the financial services industry, the economy and the government service potential. I am very happy to be from the most basic place to participate in the development of the chain block.”
Washington D.C. non-profit organization CoinCenter is an important driver of this Congress block chain group. The agency executive director Jerry? Brito (JerryBrito) said, with the two members of Parliament two years of their colleagues in terms of innovation and transformation of the technology center of potential to block the chain of education, finally created the group.
“The establishment of this Congress blockchain team makes us very excited, we look forward to continue to work with the members, looking for a similar to that in a few decades ago to treat the early Internet supervision so slight.”
CoinCenter’s efforts seem to be paying off, and help the bitcoin currency out of encryption has often been associated with drug trafficking and terrorist financing together. More importantly, the team established that Congress organizations seeking education and understanding of the innovation on their own in the policy before.
“From the encrypted currency to the supply chain, and then to the bank and property ownership, solutions based on block chain to network security to the center and change in many industries.”