Blockchain, Featured

‘EU Banks, Politicians More Open To Blockchain Technology’

Political leaders, as well as banks, in the European Union are far more open to blockchain technology than their counterparts around the world. This comes from Eva Kaili, who is a member of the European Parliament.

Kaili was in London to attend a Ripple Regionals event. She is a former news presenter who now represents The Panhellenic Socialist Movement in Greece. As a speaker at the event, she clarified why she became attracted to blockchain. She also explained how this modern technology is disrupting other sectors.

According to the lawmaker, a lot has changed since 2014 when she attended a blockchain conference for the first time. She said she had faced some “push-back” simply because she was a politician attending the event. However, she grew more intrigued about the technological advancement as she wanted to know more about it.

EU banks are more open to blockchain technology than others, according to Kaili who believes even EU leaders have accepted it more than others. There are two reasons behind them being so open about the technology.

The credit may go to the mainstream acceptance of the technology that has kept people away from turning a blind eye to it. Another reason is EU’s renewed positive approach to blockchain regulation, she said.

However, the future of blockchain technology may not be bright if people don’t show a positive attitude towards it, she said.

I believed that if we were not positive, the resistance of the traditional players would only increase and could even kill a technology that had so much potential for good,” AMB Crypto quoted Kaili as saying.

Meanwhile, Ripple‘s blockchain technology has collaboration with more universities. Ripple’s University Blockchain Research Initiative (UBRI), launched in June 2018, now has 29 collaborators, Business Wire reported. There are 11 new partners in the program, such as National University of Singapore, Cornell University and University of Kansas.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Sounak has years of experience in online news publication. He has previously worked for IBTimes, The Inquisitr and Free Press Journal.

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