Local view for "http://purl.org/linkedpolitics/eu/plenary/2016-05-26-Speech-2-161-500"

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"en.20160526.18.2-161-500"2
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"Seven years after the launch of the bitcoin, the first and most prominent virtual currency (VC), it has become clear that the underlying innovation, distributed ledger technology (DLT), is set to have a significant impact on the financial sector and beyond. This technology, in principle, enables a decentralised, rapid, resilient and rather secure means of recording any sort of transaction together with the history of previous transactions in a ‘distributed ledger’. Investment in DLT is soaring and certain applications could rapidly become systemic. While there are still some questions regarding the scope of this ongoing technological transformation, the considerable opportunities and non-negligible risks involved make this first report by Parliament on VC and DLT a timely undertaking."@en1
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