NEWS REGULATORS 

U.K. Law Commission Researching Law Reform for Use of Blockchain Smart Contracts

Further to the release of a report, the U.K. Law Commission, has begun a formal project researching into law reform for use of blockchain smart contracts in the British legal ecosystem. The agency, set up by Parliament, has dentifyied blockchain technology as a significant area that is seeing uptake, especially in the financial services world. With finance and banking being one of it’s top industries in the UK, and London the world’s largest financial centre. The commission has stated the necessity of reform to remain competitive for enterprise.

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blockchain technology can save the UK government £8 billion NEWS REGULATORS 

British MP Reveals that Blockchain Technology Can Save the UK Government £8 Billion

On the release of a report entitled ‘Unlocking Blockchain’, British Conservative Member of Parliament (MP) Eddie Hughes urges government to appoint a Chief Blockchain Officer, stating that blockchain technology can save the UK government £8 Billion. The report suggests that businesses standing to benefit from increased adoption of blockchain technology, could fund a competition to attract talented blockchain developers. British Prime Minister Theresa May has recommended that a digital copy of the report should be sent to every member of British Parliament for their consideration.

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