BLOCKCHAIN EFFICIENCY RECOGNITION BY LUXEMBOURGISH MINISTER
The Luxembourg finance minister, Pierre Gramegna gave statements about the efficiency of Blockchain at the New Champions 2016 Annual Meeting, claiming that this technology has great potential that could improve and further secure banking and financial services through a decentralized web that could be controlled at all times.
The interest in this technology goes beyond the financial sector, because it reduces costs, enabling real-time transactions and providing global settlement, these are some of the possibilities that are expected to be exploited. Blockchain is also expected to be the future of accounting, business management, insurance and even the ratings, making this a very interesting constant as many companies are exploiting.
Pierre Gramegna said that interest in this regulator which implement the standards fully, equitably and innovatively while thus share the values and make payments and change the banking and financial world positively necessary, easy and safe.