In the UK, the law on preserving business documents on blockchain was approved by the upper house with the support of MPs.
by the UK government October 12 In the press release on “Electronic Trade Documents Act” in the UK upper house of the law approved announced.
According to the information given, the country’s carbon emissions 10% The move that is claimed to reduce distributed ledger technology and blockchain technology with more trustworthy and moreevent can be tracked will be.
In the press release, the decision will boost the economy by boosting business activities. will speed up more financial transactions fast will be resolved and security mentioned to increase.
UK Digital Secretary Michelle Donelan “The United Kingdom was at the center of establishing the international trading system in the nineteenth century, and we are leading the world to increase global trade once again in the twenty-first century.” said.
The decision was made by the Ministry of Treasury and Economy. after approval may enter into force.