menuIcon
$ 83,641.6
BTC
$ 83,641.6
-2.56 %
$ 1,574.98
ETH
$ 1,574.98
-4.02 %
$ 0.6082
ADA
$ 0.6082
-5.71 %
$ 579.49
BNB
$ 579.49
-1.53 %
$ 124.82
SOL
$ 124.82
-5.24 %
Tarulika Jain
Mar 12, 2020
by Tarulika Jain

UK Government Emphasizes on Blockchain In US Free Trade Agreement

UK
Department of International Trade of The United Kingdom(UK) has disclosed the agenda to work out the Free Trade Agreement with the United States. The 184 pages long document contains the various points of discussion which includes the “blockchain technology” as one of the areas which can benefit the economy of both the countries.

United Kingdom (UK) To Adopt Blockchain Technology

United Kingdom (UK) To Adopt Blockchain Technology

The document pen down by the government of the UK portrays its position with the US in post Brexit era. Some of the points identify the blockchain as the key propeller of the digital economy. The country aims to accelerate the beginning of cutting edge technologies in improving the efficiency of digital trade across every sector of the economy. The paperwork emphasized the potential of the blockchain industry and employs that areas, including dissemination of data, will be secured and transparent using the technology.

The United Kingdom which employed the distributed ledger technology or blockchain technology to ensure the regulatory compliance in food sector back in 2018, is aiming to utilize the revived technology in various other industries to improve the customer’s satisfaction. The tech-savvy country is regularly working to enhance the deployment of technology and make the different sectors like food, health, banking and many more, transparent and secured for users.

Final Decision Will Shape The Future Of Digital Space

Though the government of the UK made the document, the final negotiations with the authorities of the US will shape any decision related to the future of technology. Both countries aim to improve the quality of life of their citizens and embrace the technologies which favour the progress of the country. Thus, blockchain technology in varied sectors can be adopted through the free trade agreement jotted down by the government of the UK.

You May Also Read.

    Follow us on: News
    Crypto News UK US Fed US Trade blockchain in trade
    UK Government Emphasizes on Blockchain In US Free Trade Agreement
    Tarulika Jain
    Tarulika is an engineering graduate and an eloquent crypto blogger. Being a digital economy supporter, she keeps herself updated with the latest innovation in the crypto industry, Blockchain Technology, Internet of Things and other technologies. Currently, she curates the simple and interesting content for Crypto guides for beginners. If you want to learn more about the cryptocurrencies, latest trends of blockchain-powered AI applications, you are free to follow her on LinkedIn and Twitter.

    Top Picks