POTUS Donald Trump Should Embrace Blockchain To Truly Make America Great Again Says Block.One CEO

2019-1-8 12:39

The CEO of Block.one, Brendan Blumer has recently asked the President of the United States, Donald Trump to look into Blockchain Technology as the next revolution in the Financial markets.

If @realDonaldTrump embraces #blockchain with clear rules that promote innovation in financial markets and digital goods, the #USA will trailblaze the next age of digital prosperity

— BrendanBlumer (@BrendanBlumer) January 7, 2019

This is not just provocative rhetoric, Blumer goes on to say how the implications f the technology should appeal to the conservative philosophies of the current administration. He goes on to define the characteristics of regulations, which should be done to make a breeding ground for innovations.

“Regulations are mutually agreed sets of constraints designed to increase security, transparency, and interoperability of markets. Blockchain regulates data transmission and storage to accomplish the same digitally.”

He goes on to say that in the current scenario, the system is over-regulated which is a major obstacle in technological progress.

Actually, I’m a believer that lower regulatory environments are healthier for society, but governments and rules are required for humans to harmoniously share earth.

— BrendanBlumer (@BrendanBlumer) January 6, 2019

Brendan then says that even the regulatory processes can become more transparent and fair if blockchain technology is implemented on it.

#Blockchain can automate and enforce #regulation transparently

— BrendanBlumer (@BrendanBlumer) January 6, 2019

Blumer runs one of the biggest Blockchain firms in the company, which makes him a prominent authority to ask the US authorities to change their archaic systems for the better. Recently this has been a problem in the country as the government has gotten too comfortable in implementing changes to make their system better. The Congress is being run by baby boomers who barely know who their smartphones work.

Blumer thinks that if Donald Trump looks into the technology further, the can steer America to the “the next age of digital prosperity.”

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