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Blockchain : Do you think that Blockchain could help the UK to trade after Brexit?

Blockchain : Do you think that Blockchain could help the UK to trade after Brexit?



Phillip Hammond, chancellor of the exchequer said when asked about how the government could achieve smooth trade after Brexit:

“There is technology becoming available (…) I don’t claim to be an expert on it but the most obvious technology is blockchain,”

More information you can find in the link below:

[https://ftalphaville.ft.com/2018/10/02/1538481491000/Chancellor-s-blockchain-idea-is-a-desperate-scrape-of-the-Brexit-barrel/](https://ftalphaville.ft.com/2018/10/02/1538481491000/Chancellor-s-blockchain-idea-is-a-desperate-scrape-of-the-Brexit-barrel/)

What are your thoughts on Brexit and the possibilities of blockchain technology?




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What is the Blockchain?



A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency’s block chain contains every transaction ever executed in the currency. With this information, one can find out how much value belonged to each address at any point in history.

Author: bitbay

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