The European Parliament Shows Support For DLT At Malta

Roberta Metsola, who is a Member of the European Parliament (MEP) and an official of the Maltese government has recently shown her support for decentralization via distributed ledger technology (DLT), at the Malta Blockchain Summit on 2 November 2018.

At the summit, she claimed that decentralization via DLT is a more viable option, rather than centralized models. According to her, it should be every European officials duty to inform the citizens about the positive aspects of blockchain.

She praised the fact that blockchain technology’s primary focus is  ”increasing trust” between parties. She further said that usage of the technology can bring ”peace of mind”, owing to its decentralized nature. She commended the added security benefit of this technology that protects sensitive information.

Metsola further claimed that she is satisfied with the way the European Parliament has handled cryptocurrency and blockchain industries. According to her, the European Parliament is keeping these items on their agenda on a regular basis and the Ministers of the esteemed institution are being asked to turn adoption from a ”vision to reality.” With such efforts being chanelled in the right direction, it seems as if Metsola is convinced the European Parliament is doing enough to push this technology.

She is clearly in favor of the ”right type of regulation” being passed, and that according to her is regulation that does not kill innovation. Metsola has asked the government to remain vigilant about any changes in the blockchain and/or crypto industry, which might need the government’s help.

The way Europe has dealt with and promoted crypto and blockchain is commendable really and should be a model for other regions. Coincidentally, the Prime Minister of Malta, Joseph Muscat, also showed great support for crypto and blockchain, and termed cryptocurrency as the ”inevitable future of money.”