UK could be world’s blockchain leader by 2022

The research, from Big Innovation Centre, DAG Global and Deep Knowledge Analytics, says the UK has the resources and will to become a hub, but needs to marshal the collective resources across industry, government, academia and thought-leadership to achieve this goal.

Several governmental entities have already recognised the importance and disruptive impact of blockchain, in particular the All Party Parliamentary Group on Blockchain, which was established in January 2018.

“Blockchain has been recognised by the UK Parliament as a very important and disruptive technology, and it has shown commitment to support the accelerated development of the digital economy via a variety of government initiatives,” says Professor Birgitte Andersen, CEO of Big Innovation Centre. “We are still at the early stages of the blockchain industry’s development and the huge impact it undoubtedly will have in Britain and globally.”

Sean Kiernan, Chief Executive Officer of blockchain technology provider DAG Global, adds that although the gap between the two worlds of traditional finance and crypto remains, this is expected to lessen and eventually disappear over the coming years. “DAG Global will work actively to bridge these two worlds into a united, synergetic framework that is poised to yield outcomes greater than the sum of their respective parts,” he says.

The 900-page report analyses the current state of blockchain in the UK and the industry roadblocks that are anticipated over the next few years. The consortium plans to release new editions quarterly.