New Zealand’s BlockchainNZ Looks to Help The Government Adopt A New Blockchain Strategy

The New Zealand blockchain group called Blockchain NZ has recently announced that it will be requesting a national blockchain strategy from the government.

The information was released in a press release uploaded on May 21. The intention is to have a government that will be actively working with companies in the space.

Blockchain NZ Requests National Blockchain Strategy

As blockchain and digital currencies continue to expand in the market, institutions and agencies want to work with governments to have a clearer regulatory system.

The executive director of the Blockhain group, Mark Pascall, will be giving a presentation to the New Zealand parliamen’t seconomic develpment, science and innofation committee. Members of this parliamentary group will be listening the advantages of implementing and embracing distributed ledger technology (DLT).

This will also work as a seminar related to blockchain technology, Bitcoin (BTC), smart contracts, tokens, and the whole crypto and blockchain space. As Pascall explained, Blockchain NZ experts will be working with the government to create a wide strategy regarding the DLT market and how it can help the economy expand.

On the matter, Pascall commented:

“So, we really want government to take blockchain seriously and producte a strategy. We can help them with that so we strike a balance between trying to plan for an unpredictable future and taking some action so we realize huge potential economic benefits for the country.”

Blockchain NZ is a group of blockchain-related companies, organizations, businesses and individuals that was created back in 2016. In 2018, the organization decided to become part of the New Zealand Tech Alliance that is a non-profit organization.

There are different countries around the world that are trying to promote blockchain technology. China, for example, is one of the countries that is promoting the development of DLT on its territory. Because of this policy, China is currently the country with the largest number of blockchain-related patents.

Other countries such as Germany have announced a strategy that will be ready by mid-2019. Some of the parliamentarians of the Bundestag explained that the intention is to also include a strategy for digital assets.

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