TipRanks
2022-06-30 12:22:18

Blockchain ‘solves problems that don’t exist’, British MPs warned

Blockchain technology, which underpins cryptocurrencies, was described as having ‘no meaningful use cases’, in a meeting with British MPs.  The House of Commons Science and Technology Committee on Blockchain met with experts in the field to discuss uses of the technology amid widespread turmoil in the crypto sector.  Technology journalist David Gerard, author of Attack of the 50-Foot Blockchain spoke to MPs at Portcullis House near Westminster to assess the technology in terms of its “benefits, limitations and key considerations for policymakers”, Yahoo News reported.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.