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EC blockchain head addresses the regulatory challenge

Pēteris Zilgalvis, head of the European Commission’s digital innovation and blockchain unit, talks about the potential of distributed ledger technology, digital currencies and fintech in Europe.
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Q: What are the major opportunities presented by blockchain technology in Europe?

A: We think that it presents an excellent technology for situations where different stakeholders need to collaborate but, due to competition or legal reasons, they do not want to or are unable to share a single database. In this sense, it can avoid a single point of failure.

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