The world and the Blockchain

I had never been in a demonstration of how to program in Blockchain. The truth is that it is fun to see the codes, something like seeing the bowels of all this revolution.

I have listened to many talks and I always like it, but to be in a room with programmers or future programmers talking about “playing” with ethereum and doing a private chain in situ. Ignacio Asin, enthusiastic talks about virtual machines, containers, shows the IP curiously.

Like children with a toy …

And just like I sometimes get stuck watching my nephews play, not understanding the game thoroughly, but with the warmth of seeing someone really passionate and immersed in a creation. That ludic atmosphere among computers, codes and various clouds makes me forget what is happening in the world.

The cryptocurrencies gradually become secondary to the changes in communication level that Blockchain reaches pushing governments and companies to face one way or another to this technology and the activities linked to it.

This is how we see politicians from different countries trying to incorporate into the debate corresponding regulations trying to anticipate the development of events.

In Europe, on March 23, the Spanish Socialist Workers Party (PSOE) proposed a motion to study the trends and effects of cryptocurrencies through measures adopted in other countries, as well as global and regional initiatives, all this with the aim of making decisions taking into account the warnings of the National Securities and Exchange Commission (CNBV) and the European Securities and Markets Authority (ESMA); This is due to the fact that both financial authorities have warned of the dangers linked to financial activity that acts without regulation.

The European Securities and Markets Authority (ESMA) published a report revealing the surveillance agenda that it will carry out during 2018, where cryptoactives occupy an important place. According to the publication, the agenda includes a series of priorities ranging from ensuring compliance with the regulations on financial instruments in the European Union (EU), through an improvement in the quality of the data, while continuing On the other hand, the convergence of supervision, especially after the decision of the United Kingdom to withdraw from the EU.

In addition, they also seek to protect the free movement of services in the EU, providing adequate protection for investors, especially in the context of the cross-border provision of services. As well as monitoring the evolution of financial innovation, with special emphasis on the instruments, platforms and technology that are currently emerging.

For its part, the Citizens party also raised a proposal for regulation before the Congress of Deputies asking to clarify what are the obligations of financial intermediaries -banks, brokerages and exchange houses in transactions with cryptocurrencies before the Spanish Tax Agency.

And as the last political movement we meet on June 22 the Popular Party (PP) presented a “Proposal No Law” entitled “Proposition no Law on the introduction of Blockchain technology in the Public Administration in Spain.” Published in the Official Bulletin of the Cortes Generales on July 3, 2018.

This publication begins with:

“The European Commission itself, in its aforementioned communication, seeks the complicity of the Member States to have, by 2020 at the latest, deployed in a coordinated way the 5G networks, also pretending an early introduction of the network in 2018 and in large areas urban areas and along the transport routes, all supporting and fostering from the Member States and the industry a global and integrated approach to the standardization of 5G and working in a coordinated manner, therefore, all
European Union countries.

For the effective development of these 5G networks it will be fundamental to support innovation so that the appearance of these networks is accompanied by the expected growth; and for that, it will be important to have prepared the technology for 2020, estimated date of deployment. Throughout this process, the role of the public sector as a promoter of solutions based on 5G technology and the private as developer and promoter will be fundamental. “

But we can leave Spain, Europe and find other measures as it is in Brazil narrated by local Specialized Press. In this country a group of deputies led by Thiago Peixoto, Odorico Monteiro and Vitor Lippi have presented in the Chamber of Deputies of the country a motion to regulate Blockchain environment, since these tools will be necessary due to the increase of its use throughout the country .

And looking further we see that the Internet Court of the Court of Hangzhou has ruled that the data recorded in the Blockchain, can be considered as evidence in case of demand. This marks a precedent within the legislation, a step in favor of the use of Blockchain as a record for creation in general.

And while the world tries to prepare for the advances of Bloques technology, in a room in Zaragoza, a group of people talk about codes, about ways in which everything changes, they talk about “lifting nodes” and other creations, other than that endless list of numbers scares the world. But as if reality were a chain of blocks even if there are no interactions, the blocks, or the changes, will continue to be created as a form of self-defense of the future.

Daniela Caro

Daniela Caro

Writer by birth, curious by profession ... I learn a little more every day from the cryptocurrency.