ICO Radio

Ep. 43 - Why The UK Needs A Blockchain Enabling Bill - Now

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Sinopsis

Why We Need A Blockchain Bill The answer is simple: We want to lead the world, not fall behind.   Once we put the same legal weight behind blockchain technology we long ago did behind paper and 'wet signatures' we can help lead the world  ...replace many of our digital (banking, payments and other) slow toll-roads with far faster highways shrinking times from days to seconds (3 to 30 days through a bank network to 3 seconds on the Ripple network – that’s between 86,400 & 864,000 times faster, so let call it a round 100k times). With a similar reduction in costs, because there are no people involved once the network’s running. This doesn’t just make things a hundred thousand times faster and cheaper, removal of friction on this level makes possible all sorts of things that were completely non-starters before. On top of all that it makes possible a whole list of things proven impossible (at any scale) before. From micropayments to fractionalisation of assets, decoupling ownership from use of an asset (inclu