The Internet is a centralized mess! Is decentralization the answer? Decentralization describes the design of a network that isn’t managed by a central party. Instead, peer-to-peer interaction drives the network, as no third party is needed! Jeremy explains how decentralization impacts you, and how it could revolutionize the Internet as we know it!
Check out our “What is Decentralization?” guide on our website to read more!
We’ve covered a slew of Asian countries moving towards the adoption of blockchain technology. Japan, of course, recently started accepting bitcoin through their exchanges. India has touted the benefits of using cryptocurrencies, going so far as to be vocal about the technology.
Blockchain technology is far more than digital currencies, as we’ve seen with its adoption around the world (For more in-depth info, read our guide to Blockchain). Well look out, world, Russia is joining the ranks of governments to adopt the breakthrough technology. The Eurasian country spans 13 time zones. With such a large mass of land (and a ridiculously spread out population!) it’s imperative to keep records organized, accessible, and unchangeable post-creation.
European Union And Blockchain – The Big Impact
The European Union (EU) is just one of many governmentally-related organizations to be interested in blockchain technology. Unlike other countries who are currently adopting it via the acceptance of Bitcoin, as a cybersecurity boost, or as a leader in the technology. (See Canada’s blockchain undertakings here!) There are many other examples of governments undertaking blockchain as a viable technology. European Union and blockchain technology are about to be a well-known around the world.
So, because the European Union is comprised of a number of member states, studies and policies affect a larger population of people. Much like the United States, the EU requires compliance and cooperation by everyone involved in the blockchain project. A committee at the organization has realized the potential of what blockchain can truly do. As we know, the technology has the ability to impact everything from the way financial institutions do business, to assisting in humanitarian efforts, and boosts efforts towards ending issues regarding cyber security.
Canada to Move Towards Massive Blockchain Undertaking
Canada is next in line to participate in the blockchain revolution. The country has latched on to the true benefits of the technology. Massive, untapped blockchain technology potential can affect (and help!) our everyday lives!
The vast, expansive nation is set to hold a conference in June, in order to discuss the potential impact blockchain may make on the country, and government. The attendees plan to discuss everything from personal identity, to data security, and tokens. Canadians realize the true capacity of blockchain technology.