Opinion: Liechtenstein’s use of blockchain may upend the finance industry
One of Europe’s smallest states is writing a whole new book on harnessing the potential of blockchain technology to modernize the finance industry. There are still challenges to tackle, but the innovative legalization and approach to implementation could give the Principality of Liechtenstein pole position in this race.
Cryptocurrency: A store of value for the current crisis?
Now that the global economy is in deep recession, investors are looking for crisis-proof stores of value. Cryptocurrencies are a new class of assets that could fulfill this need. Several European countries have already created or at least started to consider the legal frameworks necessary to institutionalize this innovation. One ...
Public administration on a journey to decentralization
Blockchain has the potential to revolutionize public administration by fostering efficiency, transparency and automation. There are limits to the technology, but currently the main roadblocks are of a legal and organizational nature. Some governments have already started removing such hurdles or teamed up with technology providers to build innovative solutions.
Blockchain: An agent of profound change
Blockchain technology could profoundly change how states and governments operate. Its ability to quickly and securely transfer assets could disrupt current institutional frameworks and decentralize power. It is therefore unclear how far states will go to support blockchain, even though it could make their economies and their own operations more ...