Blockchain could help the UK stay relevant after Brexit comes into effect, a European Parliament member has said, but onlt if London and the Bank of England embrace it.
Kay Swinburne told Business Insider: “The UK post-Brexit: how does the City of London stay relevant? The City of London stays relevant by suddenly becoming the proponents of the new technologies and not just patching existing systems to make them work post-Brexit, actually leapfrogging.”
She warned that sticking to “the conservative status quo” would be risky in post-Brexit era, and that the UK is actually in a better position to benefit from blockchain technology than the rest of the EU.
“We’ve got to take some risks. We have the opportunity to really make a difference in a way that I don’t think Europe post-Brexit is going to be able to do.”