Top-5 Books about Crypto: Reading Between the Blockchain Lines

in #ad4 years ago


British MP Says Blockchain Technology Can Save UK £8 Billion


Conservative member of the British Parliament Eddie Hughes has said that the British government needs a Chief Blockchain Officer to enable social freedom, increase efficiency and rebuild societal trust.

In a report issued today entitled ‘Unlocking Blockchain,’ MP Hughes made a number of other recommendations including an international blockchain competition to encourage talented blockchain developers and proposed a UK blockchain developmental target described as “a longterm aim for government departments to make a 1 percent efficiency by embracing blockchain and other associated technologies.”

The 1 percent saving would amount to £8 billion or $10.5 billion and would be achieved by the chief officer overseeing the application of blockchain technology to UK public services databases.

The report was published by Freer, a think-tank connected with the British Tory conservative party, and suggests that businesses standing to benefit from increased adoption of blockchain technology could fund the international blockchain competition and benefit both themselves and the national economy as a whole.

It also discusses what Hughes calls a “trust deficit,” a lack of public trust in government institutions created after the 2008 financial crisis and “a series of serious public scandals ranging from the illegal misuse of parliamentary expense accounts to claims of harassment and abuse against charity workers.”

“After a never-ending litany of betrayals of trust and instances of overreach, the political and financial establishments, companies, and voluntary organisations that were once seen as pillars of the community, are often now held in little more than near contempt by citizens”

Hughes identifies DLT and blockchain technology as a way in which the government can increase transparency in government institutions and grow public faith and trust once more.

“Blockchain provides traceability and clear provenance. The blockchain holds all of the data from the start of the transaction, so the full history of any asset that is on the ledger can be known. There is


Hughes goes on to discuss the other applications of blockchain technology, stating that the retail industry had explored and positively identified the capacity to greatly increase operational efficiency through the automation of labor-intensive processes with 82 percent of retail professionals sharing that sentiment in a global survey.

He then cited a Santander Fintech report stating that banks could greatly reduce costs associated with cross-border payments, regulatory compliance, and securities trading through the application of DLT with a cost reduction of up to $20 billion by 2022. Sweden is predicted to save $100 million through the use of the technology in their national land registry by automating the processes involved in fraud prevention.

The report also details the environmental benefits – a report from the Dubai Blochain Strategy predicts that 25.1 million economically productive hours can be reallocated through reduced document processing times and 114 MTons of C02 emissions eliminated through reduced trips.

The report is particularly comprehensive in drawing on multiple sources citing the social and environmental benefits of blockchain application on government systems and databases, perhaps a significant indicator in the shifting tide of opinion towards the emerging technology.

At the recommendation of British Prime Minister Theresa May, a digital copy of the report will be sent to every member of British Parliament for their consideration.

Top-5 Books about Crypto: Reading Between the Blockchain Lines

Our team
The team behind Ubcoin has been working together since 2009. It currently numbers 50+ developers and top management and advisor talent. We fearlessly focus on turning new technology into widely-adopted customer experience.

Felix Khachatryan
Founder and CEO of Ubcoin
Experienced founder, skilled in mobile applications, software as a service (SaaS), payments, CEO and founder of UBANK - one of the leading mobile wallet on Russian market. Felix raised $8 million in 2013 from Runa Capital, leading Russian venture investment fund, founded by Serguei Beloussov, founder of Parallels and Acronis.

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Mazhar Jan
Founder and investor of Ubcoin
VP Product Development and VAS at FLY Mobile (one of the TOP 5 smartphones brands in Russia). Responsible for sales growth of wireless products terminals from ground up resulting over $300 million revenue – 2014, developed and launched over 200 mobile phones including over 100 smartphones and 15 tablets in last 5 years.

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Andrew Lee
Founder and investor of Ubcoin
Commercial Director of Union Services. He has 20+ years of experience in global markets and mobile industry. With his strong international network with Samsung, Andrew Lee has been advising several international teams to streamline their processes.

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Stan Danysh
Chief operating Officer of Ubcoin
Now managing partner in UBANK, Stan was the deputy chairman and head of operations in MDM bank - one of the leading private banks in Russia. Stan has 10+ years of experience as CFO including successful fund raising over $400 million and sale of business to a major global investor, Siemens AG.

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Alex Putilin
CTO and Cheif blockchain developer of Ubcoin
Software Engineer with 15+ years of experience in commercial development. Now he focuses on data driven applications and smart contract development. Full stack software developer capable of handling whole life-cycle of development process.

Marina Lerner
CMO of Ubcoin
Head of Marketing in UBANK from 2013, more recently head of brand management team in HeadHunter Group (#8 of the TOP 20 most valuable Russian Internet companies according to Forbes 2018).

Kirill Kosolapov
Chief Artificial Intelligence Officer
High-tech developer and researcher focused on Artificial Intelligence and machine learning. More than 7 years of Tech experience: project management, team leadership, business development, tech startups.

Su Eun Song
Korean community manager.
She was a youngest director of Kyohaksa that is a big historical publisher in Korea and the publisher make a national certified textbook for school. Youtube and Naver crypto blogger.

Alexander Strakh
Senior blockchain developer.
Alexander graduated from the Bauman Moscow State Technical University and has been working for over 10 years at ISP RAS. He participated in the Linux Device Drivers Verification Project and implemented more than 50 smart contracts for a variety of ICOs. Alexander is the author of - the educational resource for writing smart contracts. He has extensive experience in software testing and development.

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