According to UN cryptocurrency and blockchain are an important part of the global financial system

United nations (UN) has published a report on its official website, dedicated to global trends for 2018.

Analyzing the social and economic development of different countries, UN analysts came to the conclusion that cryptocurrencies and blockchain have become “an important part of the global financial system”.

Moreover, earlier mentioned international organization called cryptocurrencies a new “standard of digital finance”, which “popularity is increasing”. The UN has decided that blockchain and cryptocurrency create a “new business model”, which are becoming more autonomous and more responsible, when they rely on the principles of decentralization.

UN has also remarked, that more interesting ways of applying blockchain and cryptocurrency have been discovered recently, that is why there are really great forecasts for their development in future. What is more, the report emphasize that modern economic may get a powerful impulse in development, as the principles of such development are “confidence in the effectiveness of decentralization based on computer code.”