British authorities will be able to track trading contracts on the blockchain
The bill on electronic documents was adopted by the UK House of Lords. The entry into force of the law will make electronic documentation legally recognized. The decision will contribute to the UK’s goal of becoming a center for cryptocurrencies and blockchain, announced by the United Kingdom’s Chancellor of the Exchequer, Richard Fuller. Electronic documents are meant to increase security as they are easier to trace through the use of blockchain and distributed ledger technology.…
