US Telecoms Chief Urged Not To Hinder Emerging Blockchain Technology

2018-10-27 21:47

U.S. Telecoms Chief Urged Not To Hinder Emerging Technology Like Blockchain

The head of telecoms authority in the United State has urged that blockchain which is an emerging technology should not be hindered or deprive due to some policies which can be dubbed “antiquated” regulations.

Ajit Pai, the chairman of the U.S. Federal Communications Commission (FCC) disclosed this to Indian Express daily news outlet on Friday.

Speaking at the India Mobile Congress 2018, Pai noted that in the tech industry, transparency of data is no doubt a Sine qua non, and it would be necessary to converse with companies like Facebook and Google on such matter.

Pai explained that despite adjustment in the code of practice guiding telecoms in the U.S. which was first initiated as law in the 1930s, exploring technologies like blockchain, machine learning, and artificial intelligence (AI) still seem difficult.

“These are very dynamic industries and one can foresee in coming decades – things like artificial intelligence, machine learning, blockchain, quantum computing will have significant impact on how communications networks operate,” FCC head stated.

“We don’t have jurisdiction over these firms but that’s one of the thing we are trying to learn about. What are the emerging technologies that will have an effect on this space and how should our thinking about regulation evolve.”

Although it has been envisioned by a study that blockchain in telecoms will opened the sector to a big market, spiking it to $1 billion industry by 2023, but regulations around telecoms industry especially in India and U.S. seems to be hampering the cause.

It was reported that India is at the moment in chaos due to the prohibition of banks from servicing crypto related businesses, and senior officials in the country are also averring that the technology is illegal.

Pai himself could also be involved in controversy in his position at the helm of the FCC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064459
Капитализация $0 Rank 99999
Цена в час новости $ 0.698 (-100%)

emerging blockchain technology telecoms urged chief hinder

Источник: bitcoinexchangeguide.com

emerging blockchain → Результатов: 126


FCC Chairman Admits Antiquated Regulation May Hurt Emerging Blockchain Technology

Aijt Pai, U. S. FCC Chair, has said it’s a challenge to level the playing field between emerging technologies, including blockchain, and not disadvantage any of them. US Telecoms Regulator Studies How to Evolve Blockchain The chair of the Federal Communications Commission (FCC) – the government agency in charge of regulating radio, television, wire, satellite, and.

2018-10-27 01:00


CYBR ICO

The CYBR Ecosystem is a holistic, cyber security solution for the blockchain which ensures secure smart transactions occur via a portal designed to provide real-time safeguards, countermeasures and threat intelligence to the CYBR community as well as other crypto entities and exchanges who rely on our cyber security solutions.

2018-10-25 04:33


Фото:

U.K. Money Management App Emma Launches Cryptocurrency Feature

Although the cryptocurrency industry is facing a downward slump, Emma, the London-based money management app sees long-term potential with the emerging asset class. According to TechCrunch’s article published on October 18, 2018, Emma launched a new cryptocurrency support feature in their app that links with a large number of cryptocurrency exchanges to help users track their existing balance.

2018-10-20 19:00


Фото:

SEC Sets Up Open Line of Communication for Fintech Projects With FinHub

The U. S. Securities and Exchange Commission (SEC) has launched a new office to engage with cryptocurrency and blockchain startups. Called the Strategic Hub for Innovation and Financial Technology (FinHub), the division will make it easier for fintech startups to interact with the regulator on related issues and the legal implications of products before they launch them.

2018-10-19 01:51


XLM Stands Up With Real World Application

Coming in at number 6 as one of the biggest cryptocurrencies in the world is Stellar. Adoption is increasing and the crypto is currently in the green after yesterday’s market crash. A US-based qualified custodian, Prime Trust recently announced that they will support Stellar while it is being actively used as the network of choice to build platforms on due to quick speeds and being trustworthy.

2018-10-12 21:30


Фото:

Under-Regulated Cryptocurrency Era to Come to an End Soon as Regulators Speeden Crypto-Legislation

Although the cryptocurrency industry currently lacks robust regulations, this will quickly change as the industry matures over time. According to an Asia Times article published on October 4, 2018, regulations surrounding cryptocurrencies will grow at a significantly fast rate as regulators attempt to place old frameworks on new and emerging technologies.

2018-10-7 17:00


Фото:

Malta’s Rise to Crypto Prominence, E.U. Proximity Helps Island-State Lead Blockchain Revolution

Malta is emerging as a prominent force in the world of cryptocurrencies. The European island-state has surprised many this year with its continual positioning as a “blockchain economy,” and is now edging over Gibraltar, another economy banking on blockchain for a resurgence, due to the latter’s shaky relationship with the European Union.

2018-10-7 01:12


Фото:

Stackr: The Dawn of a Digital Asset Savings Solution - [BTC Media Sponsor]

Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.

2018-10-6 16:37


Фото:

The Blockchain Industry Could Reach $7 Billion, Says Bank of America

Although the blockchain sector is still an emerging industry, the Bank of America estimated that the addressable market for blockchain will soon reach $7 billion. According to CNBC, while blockchain technology is not standard in a business-to-consumer market, it could help improve existing services in business-to-business markets such as the Software-as-a-Service (SaaS) industry, the real estate sector, the supply chain,.

2018-10-5 03:00


Фото:

PR: CrowdForce Launches ICO For Blockchain Based Agency Banking & Data Collection Platform

94% of Transactions are done offline and 3 billion people are underbanked and unbanked in Emerging Markets “CrowdForce” Announces Launching of ICO For Their Blockchain Based Agency Banking & Data Collection Platform Mahe – In 2016 Alphabet’s CEO, Eric Schmidt predicted that “the next $100 billion company will be driven by crowd-based solutions.

2018-9-28 12:30


Фото:

Verifer.io Platform Overview: Equipped for Industry-Leading Verification and Investigation

The newly emerging blockchain space currently suffers from a variety of hurdles relating mainly to the challenges and complications of regulatory compliance; in an industry as rapidly expanding and dynamic as blockchain, these are practically difficult problems to solve, due to the increasing number of quality verifications and investigative reports required by active companies and individual investors in the space....The post %%POSTLINK%% appeared first on %%BLOGLINK%%.

2018-9-27 18:00


Фото:

Binance’s Blockchain Charity Foundation Partners With United Nations Development Programme to Use Blockchain for Social Good

As new use cases of the blockchain technology are emerging each day, it is becoming increasingly clear that distributed ledgers could help in creating a better future for all. The United National Development Programme (UNDP) also seems convinced that DLT infrastructures could bring good to the world.

2018-9-25 10:34


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto market's weekly winners and losers – HYPE, BGB, WIF, APT

Movement, Hyperliquid, and Bitget Token were the biggest winners in the past week. Dogwifhat, Gala, and Aptos were the biggest winners from the other end of the table. In this week’s cryptThe post Crypto market's weekly winners and losers – HYPE, BGB, WIF, APT appeared first on AMBCrypto.

Michael Saylor Creates Digital Assets Framework

Michael Saylor, co-founder and executive chairman of MicroStrategy, has thrown his support behind a bold new Bitcoin initiative spearheaded by President-elect Donald Trump. In a digital asset policy proposal published on Friday, Saylor advocates for a "strategic bitcoin reserve" as part of a sweeping framework designed to cement the United States' dominance in the burgeoning digital economy.

Ethereum whales purchase $1B worth of ETH: Market recovery ahead?

Whales bought 340,000 ETH in the last 3 days worth more than $1 billion. ETH might have completed its correction as the Long Term Trend Directions is strongly bullish. Ethereum's ([ETH] whalThe post Ethereum whales purchase $1B worth of ETH: Market recovery ahead? appeared first on AMBCrypto.

Is the Altcoin party over? Bitcoin dominance threatens alt sector!

Positioning for altcoins? These bearish signals call for caution.  The altcoin season index slipped below 50%, marking a new monthly low.  Altcoins are in massive discounts after the recenThe post Is the Altcoin party over? Bitcoin dominance threatens alt sector! appeared first on AMBCrypto.

Fantom breaks $1: Will FTM continue its bullish trend towards $1.50?

Fantom’s price surge is supported by strong network growth and key resistance targets near $1.50. Technical indicators and market sentiment highlight cautious optimism for sustained upward moThe post Fantom breaks $1: Will FTM continue its bullish trend towards $1.50? appeared first on AMBCrypto.

Why Ethereum Classic could be setting up for a 20% price jump

On-chain metrics revealed that exchanges have experienced a substantial $22.85 million worth of ETC outflow. ETC long/short ratio indicating strong bullish sentiment among traders. ETC, the The post Why Ethereum Classic could be setting up for a 20% price jump appeared first on AMBCrypto.