UK housing minister Eddie Hughes calls the government on to focus on the Blockchain technology and benefits it can bring. According to Hughes, Blockchain has the potential to “enable social freedom, to increase efficiency, and to rebuild societal trust.” As a role model for authorities, the minister uses Estonia, which is now considered to be the leader in the Distributed Ledger Technology. His report named Unlocking Blockchain, other than listing Blockchain use cases in details, also refers to AI (Artificial Intelligence) as a key technology to be considered on the par with DLT.
The European Banking Authority (EBA) has published a report on July 3, in which analyzes the benefits and prudential risks that newborn Financial Technologies (FinTech) bring to institutions. In the lengthy introduction, EBA informs that the present report is aimed at raising awareness within the community. EBA lists 7 use cases of FinTech, while in only 2 of them speaks about Distributed Ledger Technology (DLT): smart contracts for trade finance and streamline Customer Due Diligence (CDD) processes. read more