The united states and its problems with Blockchain

The industry Blockchain could be having problems to develop successfully in the united States. This is due to the strong regulations that do not allow the proper functioning of the technology. The technology Blockchain is increasingly used by a wide variety of companies. The potential of this technology has shown to be able to meet the demands of more than one sector. That is why it is considered by many as one of the technologies of the century. Even LinkedIn ranked as one of the main skills that would be required this 2020. But, despite all of this, Blockchain still having some problems to its adoption. And not for lack of demand, but because of the regulatory landscape uncertain and restrictive of the united States. The main reason why u.s. investors still don’t trust Blockchain is the uncertainty of what would be considered as a safety of according to regulatory standards. And this is only one of the elements that are not entirely clear in the regulations. Even according to a survey conducted by Blockchain Association, it was revealed that 91% believe that the “regulations and guidelines unclear” are a major barrier to the success of the technology. Worst of all is that several members of the industry do not have much hope that this will change. Even one of the representatives in the Parliament, Warren Davidson, said: “it Is possible that we do not see any action in this regard in the next five years, unless there is a boost to the bottom”.

Delays in the innovation Blockchain

In the united States are the headquarters of several of the leading companies in innovation on a global level. The famous Silicon Valley is full of them. You can, however, that the regulations are unclear with regard to the Blockchain represent a delay in the way of innovation of this nation. And the consequences of this can go much beyond the technological domain and commercial. Since the competitors americans, for regulatory issues, are having many obstacles to the adoption of the technology. What a disincentive to bet on what many have called as the “technology of the decade”. But not only would affect their traders, but even they could see affected his position at the international level. Today, technology plays a very important role in the political sector. In fact, even today there is talk of wars digital. It is for this reason that falling behind in this sector could result in political costs. Because Russia realized this and made their first moves. According to reports, an agent of the FSB of the country (successor of the KGB), said that “the Internet belongs to americans, but Blockchain us will belong to us.” And Russia is not the only one. China is also making efforts to be the leader in this technology. Even its president, Xi Jinping, urged their people to seize the opportunity that the Blockchain offers. Therefore, the united States should take more seriously the chain of blocks, both for reasons of technological and trade policies. The following two tabs change content below. I am a student of International Studies, interested in new technologies and their impact on the world. A true believer that tenacity is the foundation of success.

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