Today, any government, company or organization that wants to remain competitive in the time, you should know about technology Blockchain. And even more, you must use the skills that you develop in this area. Generating processes and more efficient solutions, that will provide them with an advantage over their competitors. Something that seems to have understood very well France, a country next to submit your virtual currency by the government.
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The rise of the Blockchain government
Until recent years, was not as common to hear about efforts on the part of governments to develop the technology Blockchain. On the contrary, the strings of blocks were perceived only as the platform that enables the functioning of Bitcoin. And therefore, as a technology of interest only to fans of the cryptography. However, the passage of time has shown to governments all over the world, that this view was wrong. The Blockchain, and the multiple advantages that offers the same, are crucial elements for any organization or individual who wants to keep up to date. As is the case of the government of France. The transparency and security provided by the blocks of the Blockchain. They begin to constitute more and more each day, items invaluable in the strategy of States and companies. And provides a technology, potentially revitalizing the economy. Therefore, the chains of blocks allow for the creation of a whole range of products and services related to them. Among them, technology companies, financial, cryptocurrencies, payment processors, international, and of course, virtual currencies, government.
France prepares to launch its virtual currency
This would be the case of the virtual currency in development by the French State. Which, in recent times has been working on strengthening its capabilities in technology Blockchain. With the hiring of personnel trained in this sector, and with a view to the creation of their own digital products. Thus, it is expected that for the first quarter of the year 2020, the Bank of France to launch a trial of the digital currency from the central bank. What I would start testing around this euro digital, as reported by the French newspaper Les Echos. Quoting the Governor of the Bank of France, François Villeroy de Galhau. Information was later confirmed by a tweet from the banking institution:
Autre sujet crucial : l éventuelle création d’une monnaie digitale of banque centrale. “Nous devons apporter notre pierre à l édifice de cette innovation, mais de manière sérieuse et méthodique “, François Villeroy de Galhau à la conférence de l’#ACPR cc @ACPR_actu— Banque de France (@banquedefrance) December 4, 2019
In this first stage of testing of the virtual currency, the same will only work in private financial institutions. Not having the business sector retailer access to the same for the moments. While testing its functioning in the traditional financial system. Whose strengthening would be the main objective of the project of France. The following two tabs change content below. Student of International Studies, interested in issues of economy and international politics. Passionate about the progress of the Fourth Industrial Revolution in general and the cryptocurrencies in particular.