Blockchain, Featured

Spanish Ruling Party To Use Blockchain In Administration

The Spanish ruling party famous by name Partido Popular (PP) has wished-for to utilize Blockchain technology in the communal administration. The main intent behind this plan is to enhance lucidity in the political and public arena and make procedures more competent.

Spain may be prepared to use Blockchain technology in all its public administration if a bill offered by 133 deputies is accepted. The data has been first released by a local news source on June the 30th.

The bill was pioneered to the Spanish Congress on June the 22nd, but it has not been yet assessed by all the deputies yet. The Economic and Enterprise committee will be in charge of discussing this bill before being taken care in the Congress. Spain this is not the foremost time that Spain is debating Blockchain-allied bills or about cryptocurrencies. In the earlier period, the same political party wanted to draw Blockchain and crypto related firms.

As reported the former Prime Minister Mariano Rajoy, was preparing probable tax breaks for firms to resolve their operations in the country. Later in March, Ciudadanos party presented to institute obvious rules to firms and establishments working with virtual currencies.

The way ahead

In this way, the most significant political parties in Spain, Partido Popular, PSOE and Ciudadanos propose the technology and how it can modify the life of millions of persons. By applying it to the administration it will be effortless to regulate processes, avert fraud and enhance efficiency.

Coin Telegraph reported that it is crucial to have regulations at least in Europe on cryptocurrencies, which have been increasing all over the world. Investors need to have a clear setting on how to deal with virtual currencies and the government ought to have rules on how to deem digital assets in the financial system.

[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. ]

Nagasunder Sharanappa is highly experienced in Content Management and development, Customer Escalation Management ,Payment Operations and Business Process Outsourcing Industry.

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