Altcoin News: British Parliament Presented the Possibility of Using the Blockchain in Real Life

March 20, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Four blockchain companies made a presentation to representatives of the UK Parliament, during which they spoke about the possibilities of using blockchain technology in real life.

The presentation was prepared by the all-party blockchain group (APPG Blockchain), and IOTA, Oracle, Everledger and Lloyd’s of London presented their developments. Among those present, in addition to representatives of Parliament, were also employees of the UK government staff and representatives of various companies.

During a live presentation, Oracle and Everledger presented the blockchain platform for organizing and controlling supply chains in the production of olive oil and diamond mining. IOTA spoke about the advantages of the blockchain in international trade, and Lloyd’s insurance market outlined the possibilities of using technology in the insurance industry and payments.

“This is a pivotal moment for UK, which could define our future leadership in governance, commerce and competition,” said blockchain researcher and project manager at Big Innovation Center Fernando Santiago.

Also at the event were representatives of small blockchain companies, who briefly spoke about the possibilities of using technology in the financial industry, healthcare, and education, as well as manufacturing.

Note that the use of blockchain technology in supply chains is becoming increasingly popular. The blockchain is used to track deliveries of pork during transportation of products, as well as to protect products from counterfeit.

Author: Marko Vidrih