Derivatives Could Be The Next Use Case For Blockchain Technology

Throughout the years 2014 and 2015, there has been a lot of focus on regulating popular digital currencies such as Bitcoin. Considering how Bitcoin could pose sort of a threat to economies, it only made sense governments wanted to find out more about how the system works. So far, there is very little negative regulation to speak of. But that situation could be about to change as officials are turning to integrating blockchain technology into the derivatives market next.

Also read: Investing is Bitcoin Is Not About Quick Profits Anymore

Derivatives And Blockchain Technology?

TheMerkle_Bitcoin Blockchain Derivatives

According to a new post on the website of the Office of the Federal Register in the United States, a meeting will be held on January 26 to discuss the possibility of blockchain integration in the derivatives market. This meeting will take place all day, and the Technology Advisory Committee of the Commodity Futures Trading Commission will organize this public event.

From what we can gather, the main goal of this meeting will be to come up with ways to use blockchain technology, from a financial perspective. Terms such as swap data standardization, blockchain harmonization, and application of distributed ledger technology to the derivatives market are all on the agenda.

Considering how this meeting will be open the public – although there is limited seating available – it will be interesting to see what will be discussed exactly during this event. Those who are unable to attend the meeting in person can call a toll-free number for a live audio feed. However, doing so will be subject to minor verification, including revealing one’s full name and affiliation.

At this time, it is all but impossible to estimate how this integration will affect the future of blockchain technology and Bitcoin. Considering how the document mentions the a willingness by the CFTC to work with blockchain technology in the near future, this could be seen as positive news for the digital currency ecosystem.

This Is Not A Regulation Attempt

TheMerkle_Not Blockchain Regulation

On Reddit, there seems to be a fair bit of confusion regarding this event, as a lot of people feel this is an attempt to regulate blockchain technology. Don’t be mistaken in thinking that is the case, as governments cannot regulate the blockchain and Bitcoin by any means. The most they can do is discourage people from using the technology or currency, but that is as far as it goes.

Any attempt to even regulate blockchain technology will be laughed away immediately, as there is no physical aspect to this technology. This would be the same as regulating the Internet although China is effectively limiting the types of websites citizens can access. However, they can only do so because they control the Internet Service providers. In the blockchain world, there are no third=party providers, making regulation pretty much impossible.

Source: Federal Register

Images credit 1,2,3

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

No Responses

  1. Pingback: cytotmeds.com June 23, 2021
  2. Pingback: best generic tadalafil review June 28, 2021
  3. Pingback: what happens after i finish prednisone June 28, 2021
  4. Pingback: hydroxychloroquine 30 mg June 29, 2021
  5. Pingback: best price for generic priligy June 30, 2021
  6. Pingback: before and after dapoxetine photos July 3, 2021
  7. Pingback: hydroxychloroquine online July 11, 2021
  8. Pingback: does cvs have hydroxychloroquine July 22, 2021
  9. Pingback: soolantra hydroxychloroquine July 22, 2021
  10. Pingback: hydroxychloroquine for sale online August 5, 2021
  11. Pingback: ivermectil price at walmart August 13, 2021
  12. Pingback: stromectol teva 3109 August 18, 2021
  13. Pingback: priligy cost at walmart August 28, 2021
  14. Pingback: cheap generic viagra online September 11, 2021
  15. Pingback: discount viagra September 12, 2021
  16. Pingback: ivermectin price September 12, 2021
  17. Pingback: sildenafil online September 14, 2021
  18. Pingback: use of stromectol and potassium antiparasitic September 14, 2021
  19. Pingback: natural viagra September 15, 2021
  20. Pingback: viagra generic online September 16, 2021
  21. Pingback: cialis mexico September 17, 2021
  22. Pingback: cialis on the web September 18, 2021
  23. Pingback: cialis 5 mg tablet September 19, 2021
  24. Pingback: cialis tadalafil 20 mg tablets September 20, 2021
  25. Pingback: viagra professional September 21, 2021
  26. Pingback: viagra canada September 22, 2021
  27. Pingback: sildenafil generic September 23, 2021
  28. Pingback: can i buy cialis online September 24, 2021
  29. Pingback: cheap viagra online September 25, 2021
  30. Pingback: sildenafil 100mg usa September 26, 2021
  31. Pingback: expired stromectol September 26, 2021
  32. Pingback: sildenafil fast delivery September 27, 2021
  33. Pingback: how much is cialis September 28, 2021
  34. Pingback: viagra online September 29, 2021
  35. Pingback: viagra prescription September 30, 2021
  36. Pingback: cialis india October 1, 2021
  37. Pingback: buy stromectol online October 2, 2021
  38. Pingback: generic viagra online canadian pharmacy October 2, 2021
  39. Pingback: cheap stromectol side October 3, 2021
  40. Pingback: 100mg viagra canada October 4, 2021
  41. Pingback: where to buy women viagra October 5, 2021
  42. Pingback: uk viagra October 6, 2021
  43. Pingback: stromectol 3 mg tablets price October 6, 2021
  44. Pingback: cialis pharmacy October 8, 2021
  45. Pingback: where can i get viagra October 10, 2021
  46. Pingback: which better viagra 100mg or 200mg October 11, 2021
  47. Pingback: female viagra found in india October 12, 2021
  48. Pingback: cvs otc viagra October 13, 2021
  49. Pingback: tadalafil cost walgreens October 14, 2021
  50. Pingback: cialis capsule October 15, 2021
  51. Pingback: hydroxychloroquinneaicilina in english October 16, 2021
  52. Pingback: viagra sildenafil October 17, 2021
  53. Pingback: sildenafil 100mg October 18, 2021
  54. Pingback: ivermectin for scabies adults October 19, 2021