Your post has nothing todo with this section tbh, and I feel your post is also copied from somewhere.
My main problem with this is he hit us with a wall of text.
Topic: How Europe Is Taking Positive Steps to Support Blockchain Adoption (Read 145 times)
December 20, 2017, 09:09:52 AM
My main problem with this is he hit us with a wall of text.
December 20, 2017, 03:48:37 AM
Leveraging the blockchain dynamics has become a viable economic interest in our era of information technology, leading to an unexpected but positive feedback from developed societies. In recent days, the European Union has refused to sit on the sidelines; as before now, they have always had positive but reserved notions toward the development of a decentralized public and private ledger technology.
A major constraint in their move to adopt the technology has always revolved around the demand for practical use cases and regulatory interventions due to limited scope both in their numbers and their applications. However, sometime in June 2017, the European Union announced their blockchain product - Blockchain4EU, which is expected to intensify the exploration of Decentralized Ledger Technology beyond the current application of the blockchain science involving the convergence of the Finance and Technology (FinTech) use-case only.
Industries in the European continent have resolved in taking an innovative holistic approach to determining the extent to which the blockchain systems and intervention can impact the macroeconomic consensus.
Members of the Parliament have distributed the focus to encompass a broader range of practical use cases for decentralized ledger technology by setting up Sentinel taskforce within the Fintech industry to provide relative real-time data, which is expected to broaden the current knowledge-base of blockchain technology. The focus of interest has been streamlined to newer markets and economic infrastructures; that is, the ones that currently don't have direct implications on already established investment protocols and financial ethics.
Tackling the issue of regulation, the European Commission proposed the development of a proof-of-concept blockchain to extenuate the barrier. Information agencies within the European Union have identified some of the major challenges the distributed ledger would face once implemented; it includes the likes of consensus piracy and management of smart contracts. More so, different sets of challenges are expected along the evolution of the system which is currently unknown to many. With this in mind, good-practice armament involving recovery key methodology, multiple signatures for activity authorization and transaction processing, and the use of standardized smart contracts are being considered as formidable tools to curb these challenges.
On the premise that the blockchain technology and its applications are currently in their infancy stage, and the premature move to regulate the system especially when it is still evolving has given the European Security and Market Authority the confidence to approach the matter of regulation with sincere levity.
Furthermore, an amendment in the 4th Anti-money Laundering Directive would carry the responsibility of patching the differences between the multi-currency exchange platforms. That means, fiat to virtual currencies (cryptocurrencies inclusive) will have a legal backing to their operations. But, inter-cryptocurrency exchanges will not fall under the regulation, rather they would fall under strict supervision.
Instrumental to the success of blockchain adoption is clearly observed in IBM’s recent commitment to Digital Trade Chain Consortium – (a seven European Bankers association); in order to build a Blockchain-system based on Hyperledger Fabric. The platform is required to simplify trading and financial operations for small and medium scaled enterprises (SMEs) in Europe.
In the context of the changing outlook of the governments and regulatory bodies towards cryptocurrency technology, the CEO of Etherecash said, “The world is getting smaller but the gap between people seems to be getting bigger. We can’t just sit still and do nothing about it. Every step in the right direction will get us closer. We aim to do that in the finance sector and provide a platform to close that gap as much as possible.”
Etherecash is a blockchain based financial solutions company which is closely following these developments as the platform continues to be built. The platform aims to achieve compliance in all regions possible so that it can serve everyone, including a huge portion of the 2 billion underbanked population.
Be a part of the financial revolution and join today. Visit Etherecash.io
A major constraint in their move to adopt the technology has always revolved around the demand for practical use cases and regulatory interventions due to limited scope both in their numbers and their applications. However, sometime in June 2017, the European Union announced their blockchain product - Blockchain4EU, which is expected to intensify the exploration of Decentralized Ledger Technology beyond the current application of the blockchain science involving the convergence of the Finance and Technology (FinTech) use-case only.
Industries in the European continent have resolved in taking an innovative holistic approach to determining the extent to which the blockchain systems and intervention can impact the macroeconomic consensus.
Members of the Parliament have distributed the focus to encompass a broader range of practical use cases for decentralized ledger technology by setting up Sentinel taskforce within the Fintech industry to provide relative real-time data, which is expected to broaden the current knowledge-base of blockchain technology. The focus of interest has been streamlined to newer markets and economic infrastructures; that is, the ones that currently don't have direct implications on already established investment protocols and financial ethics.
Tackling the issue of regulation, the European Commission proposed the development of a proof-of-concept blockchain to extenuate the barrier. Information agencies within the European Union have identified some of the major challenges the distributed ledger would face once implemented; it includes the likes of consensus piracy and management of smart contracts. More so, different sets of challenges are expected along the evolution of the system which is currently unknown to many. With this in mind, good-practice armament involving recovery key methodology, multiple signatures for activity authorization and transaction processing, and the use of standardized smart contracts are being considered as formidable tools to curb these challenges.
On the premise that the blockchain technology and its applications are currently in their infancy stage, and the premature move to regulate the system especially when it is still evolving has given the European Security and Market Authority the confidence to approach the matter of regulation with sincere levity.
Furthermore, an amendment in the 4th Anti-money Laundering Directive would carry the responsibility of patching the differences between the multi-currency exchange platforms. That means, fiat to virtual currencies (cryptocurrencies inclusive) will have a legal backing to their operations. But, inter-cryptocurrency exchanges will not fall under the regulation, rather they would fall under strict supervision.
Instrumental to the success of blockchain adoption is clearly observed in IBM’s recent commitment to Digital Trade Chain Consortium – (a seven European Bankers association); in order to build a Blockchain-system based on Hyperledger Fabric. The platform is required to simplify trading and financial operations for small and medium scaled enterprises (SMEs) in Europe.
In the context of the changing outlook of the governments and regulatory bodies towards cryptocurrency technology, the CEO of Etherecash said, “The world is getting smaller but the gap between people seems to be getting bigger. We can’t just sit still and do nothing about it. Every step in the right direction will get us closer. We aim to do that in the finance sector and provide a platform to close that gap as much as possible.”
Etherecash is a blockchain based financial solutions company which is closely following these developments as the platform continues to be built. The platform aims to achieve compliance in all regions possible so that it can serve everyone, including a huge portion of the 2 billion underbanked population.
Be a part of the financial revolution and join today. Visit Etherecash.io
Your post has nothing todo with this section tbh, and I feel your post is also copied from somewhere.
December 20, 2017, 02:12:06 AM
Leveraging the blockchain dynamics has become a viable economic interest in our era of information technology, leading to an unexpected but positive feedback from developed societies. In recent days, the European Union has refused to sit on the sidelines; as before now, they have always had positive but reserved notions toward the development of a decentralized public and private ledger technology.
A major constraint in their move to adopt the technology has always revolved around the demand for practical use cases and regulatory interventions due to limited scope both in their numbers and their applications. However, sometime in June 2017, the European Union announced their blockchain product - Blockchain4EU, which is expected to intensify the exploration of Decentralized Ledger Technology beyond the current application of the blockchain science involving the convergence of the Finance and Technology (FinTech) use-case only.
Industries in the European continent have resolved in taking an innovative holistic approach to determining the extent to which the blockchain systems and intervention can impact the macroeconomic consensus.
Members of the Parliament have distributed the focus to encompass a broader range of practical use cases for decentralized ledger technology by setting up Sentinel taskforce within the Fintech industry to provide relative real-time data, which is expected to broaden the current knowledge-base of blockchain technology. The focus of interest has been streamlined to newer markets and economic infrastructures; that is, the ones that currently don't have direct implications on already established investment protocols and financial ethics.
Tackling the issue of regulation, the European Commission proposed the development of a proof-of-concept blockchain to extenuate the barrier. Information agencies within the European Union have identified some of the major challenges the distributed ledger would face once implemented; it includes the likes of consensus piracy and management of smart contracts. More so, different sets of challenges are expected along the evolution of the system which is currently unknown to many. With this in mind, good-practice armament involving recovery key methodology, multiple signatures for activity authorization and transaction processing, and the use of standardized smart contracts are being considered as formidable tools to curb these challenges.
On the premise that the blockchain technology and its applications are currently in their infancy stage, and the premature move to regulate the system especially when it is still evolving has given the European Security and Market Authority the confidence to approach the matter of regulation with sincere levity.
Furthermore, an amendment in the 4th Anti-money Laundering Directive would carry the responsibility of patching the differences between the multi-currency exchange platforms. That means, fiat to virtual currencies (cryptocurrencies inclusive) will have a legal backing to their operations. But, inter-cryptocurrency exchanges will not fall under the regulation, rather they would fall under strict supervision.
Instrumental to the success of blockchain adoption is clearly observed in IBM’s recent commitment to Digital Trade Chain Consortium – (a seven European Bankers association); in order to build a Blockchain-system based on Hyperledger Fabric. The platform is required to simplify trading and financial operations for small and medium scaled enterprises (SMEs) in Europe.
In the context of the changing outlook of the governments and regulatory bodies towards cryptocurrency technology, the CEO of Etherecash said, “The world is getting smaller but the gap between people seems to be getting bigger. We can’t just sit still and do nothing about it. Every step in the right direction will get us closer. We aim to do that in the finance sector and provide a platform to close that gap as much as possible.”
Etherecash is a blockchain based financial solutions company which is closely following these developments as the platform continues to be built. The platform aims to achieve compliance in all regions possible so that it can serve everyone, including a huge portion of the 2 billion underbanked population.
Be a part of the financial revolution and join today. Visit Etherecash.io
A major constraint in their move to adopt the technology has always revolved around the demand for practical use cases and regulatory interventions due to limited scope both in their numbers and their applications. However, sometime in June 2017, the European Union announced their blockchain product - Blockchain4EU, which is expected to intensify the exploration of Decentralized Ledger Technology beyond the current application of the blockchain science involving the convergence of the Finance and Technology (FinTech) use-case only.
Industries in the European continent have resolved in taking an innovative holistic approach to determining the extent to which the blockchain systems and intervention can impact the macroeconomic consensus.
Members of the Parliament have distributed the focus to encompass a broader range of practical use cases for decentralized ledger technology by setting up Sentinel taskforce within the Fintech industry to provide relative real-time data, which is expected to broaden the current knowledge-base of blockchain technology. The focus of interest has been streamlined to newer markets and economic infrastructures; that is, the ones that currently don't have direct implications on already established investment protocols and financial ethics.
Tackling the issue of regulation, the European Commission proposed the development of a proof-of-concept blockchain to extenuate the barrier. Information agencies within the European Union have identified some of the major challenges the distributed ledger would face once implemented; it includes the likes of consensus piracy and management of smart contracts. More so, different sets of challenges are expected along the evolution of the system which is currently unknown to many. With this in mind, good-practice armament involving recovery key methodology, multiple signatures for activity authorization and transaction processing, and the use of standardized smart contracts are being considered as formidable tools to curb these challenges.
On the premise that the blockchain technology and its applications are currently in their infancy stage, and the premature move to regulate the system especially when it is still evolving has given the European Security and Market Authority the confidence to approach the matter of regulation with sincere levity.
Furthermore, an amendment in the 4th Anti-money Laundering Directive would carry the responsibility of patching the differences between the multi-currency exchange platforms. That means, fiat to virtual currencies (cryptocurrencies inclusive) will have a legal backing to their operations. But, inter-cryptocurrency exchanges will not fall under the regulation, rather they would fall under strict supervision.
Instrumental to the success of blockchain adoption is clearly observed in IBM’s recent commitment to Digital Trade Chain Consortium – (a seven European Bankers association); in order to build a Blockchain-system based on Hyperledger Fabric. The platform is required to simplify trading and financial operations for small and medium scaled enterprises (SMEs) in Europe.
In the context of the changing outlook of the governments and regulatory bodies towards cryptocurrency technology, the CEO of Etherecash said, “The world is getting smaller but the gap between people seems to be getting bigger. We can’t just sit still and do nothing about it. Every step in the right direction will get us closer. We aim to do that in the finance sector and provide a platform to close that gap as much as possible.”
Etherecash is a blockchain based financial solutions company which is closely following these developments as the platform continues to be built. The platform aims to achieve compliance in all regions possible so that it can serve everyone, including a huge portion of the 2 billion underbanked population.
Be a part of the financial revolution and join today. Visit Etherecash.io
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