31 May '16, 2pm

#Bitcoin #btc

#Bitcoin #btc

Japan's Ministry of Economy, Trade and Industry (METI) has released the results of a new survey on blockchain technology, recommending that government groups play a leading role in “verifying the validity” of its use cases. Prepared in conjunction with Nomura Research Institute (NRI ), the 75-page report provides an overview of the technology, from detailing the step-by-step workings of a bitcoin transaction to outlining how the mechanics of the protocol could create stresses if applied to existing business practices. Most notably, the report outlines the specific use cases it sees as being valuable for the government to explore, as well as why the government should have an incentive to play an active role in this experimentation process. The report states: "The government can promote hypothesis verification concerning blockchains and accumulate and broadly publicize outco...

Full article: http://www.coindesk.com/japans-government-blockchain-use-...

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