Report coming from Europe has it that a Member of the European Parliament (MEP) who is also a top ranking Maltese government official, Roberta Metsola, has made statements claiming that decentralization through a distributed ledger technology (DLT) has more credibility and is actually more secure compared to its centralized models.
The MEP Made this Known at the Malta Blockchain Summit
She made this statement at the Malta Blockchain Summit on 2 November 2018. The MEP made it clear through her statements that the European officials are charged with making sure citizens are well informed of the fact that decentralization through a distributed ledger technology (DLT) has more credibility and security. She further states that:
“blockchain’s primary focus regards ”increasing trust” between parties.”
Metsola, also believes that: “its use can bring ”peace of mind” because of the trusting decentralized quality.”
The MEP has also taken advantage of the platform to share her positive outlook on how far Europe has come as regards to blockchain technology and how well the European Parliament is handling the industry. She also made it known that the Parliaments are currently being encouraged to turn adoption from a ”vision to reality.”
Metsola and Muscat are Actively Pushing the Industry Forward
A report also has it that the most recent cryptocurrency and blockchain and legislation passed in July was proposed by Metsola. She has referred to this legislation as a good step forward and a perfect example of the type of regulation the European Parliment’s jurisdiction can implement.
When it comes to adoption of blockchain technology and provision of lenient regulations that support the growth of the crypto industry Malta has managed to firmly establish itself as a leader. The Prime Minister of the Country, Joseph Muscat, has also been described as an avid supporter of the Cryptocurrency industry. In September, Muscat gave a speech to United Nation’s General Assembly (UNGA) where he declared cryptocurrencies to be the ”inevitable future of money.”