Unexpected News: Report on Blockchain Points Out Flaws In Its Application

On January 15, 2016, the government of Vermont, a small state in the northeastern part of the U.S., published a report on blockchain that includes findings and recommendations concerning the potential opportunities and risks of creating a presumption of validity for electronic facts and records that employ blockchain technology and addressing any unresolved regulatory issues. It is not the first time that we are seeing the government researching blockchain. Close to Q4 2015, UK government also expressed an interest via its blog in using the blockchain technology for maintaining all their registers. The UK Government wants to conclusively make th ...

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