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To see a global adoption of blockchain technology on a broader scale, world leaders must abandon their fears regarding the technological revolution we are experiencing and embrace the powers that enhance blockchain technology today.
What does the term "technological revolution" mean exactly?
To put it simply,
A technological revolution is when another technique will replace one technology, generally, one that is superior to the existing one.
For example: In this case blockchain technology is gradually replacing information technologies & data storage devices, but as we view things from a grand scale, we can see that blockchain technology is likely to replace the majority of technologies as we move forward with it day by day.
On April 10th of this year, the European Union (EU) announced Blockchain Partnership, comprised of 22 EU member states with plans to improve dialogue across Europe for creating Blockchain technology.
Partnership to this degree shows us clearly the growing importance of blockchain as the demand for it raises.
(The European Commission's (EC) Digital Day 2018 led to the signing of a Declaration to create a European Blockchain Partnership, according to an April 10th European Commission press release.)
Denmark has announced today on the 5th of June that they will also join the EU Blockchain Partnership initiative with plans to integrate blockchain solution to improve efficiency in the shipping and logistics industry!
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The main thing is that the regulations are limited!
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The thing with regulations is that we have no clue what are those limits. Blockchain industry is still in his infancy, and that means as time goes by, more room for newer, stricter rules/laws.
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