Could Hillary Clinton as President Give a Boost to Blockchain Tech?
Clinton plans to deliver high-speed broadband to all Americans and establish rules beneficial to innovation.
Hillary Clinton has announced her policy goals for technology and innovation. Her goals include positioning American innovators as world leaders in technological revolutions, including public service blockchain applications. Could Hillary as president give a boost to blockchain technology?
Hillary Clinton's Agenda
The Tech agenda announced by Hillary Clinton plans to use technology and innovation to boost the American economy and create good-paying jobs. Her plans include increasing spending commitments in computer science education, delivering high-speed broadband to all Americans, establishing rules to support innovation, and improving government efficiency by using new technology.
Failure of Bitlicence
As Bitcoin and blockchain applications move to the mainstream, regulations have been framed by different agencies to govern them. Regulation can play a big role in the development of a new technology.
Bitlicense, a license for virtual currency activities in New York, has proved a dampener for the Bitcoin community. Only 2 licenses have been issued (Circle and Ripple) so far in almost a year since it was announced. With the high cost involved in obtaining a Bitlicense, many startups have decide to relocate from New York to friendlier places.
On the other hand, Bitstamp was granted a payment institution license by Luxembourg, allowing it to operate across Europe as a licensed bitcoin exchange. This reassured investors about the processes & policies in place at Bitstamp and will make it easier for the company to get funding from a wide range of investors.
Blockchain recognition grows
Blockchain continues to find applications in multiple industries, and not just by the corporate world. Sweden could become the first country to have its land registry on a blockchain, according to the Swedish Land Registry. The immutable nature of the blockchain has natural advantages in the storage of any official record, be it birth certificates, residency certificates or land records. Hillary Clinton seems to have recognized the potential of the blockchain in improving government efficiency.