Stratis to help guide UK policy as ‘APPG Blockchain’ member

Big Ben

Fin is a former junior editor at TechForge.

The Stratis blockchain has joined the UK’s ‘all party parliamentary group on blockchain’ (APPG Blockchain) to contribute knowledge and help guide UK blockchain policy.

APPG Blockchain already includes major organisations like the IOTA Foundation, Capita, SAP, and the British Standards Institute (BSI).

Now, alongside Stratis, they will collaborate on developing innovative blockchain use cases as well as providing policy recommendations to guide the UK’s approach to distributed ledger technology.

A prominent UK-based blockchain project, Stratis will bring expertise to areas of enterprise and open-source use cases.

With particular knowledge in providing blockchain as a service (BaaS), Stratis will be able to inform decisions on how UK organisations can more easily benefit from BaaS’ collaborative and efficient approach.

Professor Birgitte Andersen, CEO of Big Innovation Group and secretariat of APPG Blockchain, said: “Adding Stratis, one of the UK’s most established and innovative blockchain platforms, brings additional real-world experience to the APPG on Blockchain.

“Blockchain technology is transforming many areas of business, finance, public services and our lives – and the UK has a real opportunity to take a leadership role that supports economic value creation, high-skilled jobs and a fairer society.”

Another area of focus for the parliamentary group is decentralised finance (DeFi), where Stratis can tap its experience from building interoperability with the Ethereum blockchain.

APPG Blockchain hopes this workstream will help UK financial services firms to better engage with and benefit from the ongoing DeFi revolution.

Looking towards the next year, the group will also investigate use cases for stablecoins and central bank digital currencies (CBDC).

Stratis recently announced the world’s first Sterling-backed stablecoin, known as GBPT, to support digitally issued equities and debt instruments. With GBPT, any natively digital securities will be able to yield dividends or income more efficiently using digital currency.

Chris Trew, founder and CEO of Stratis, said: “Collaboration is central to the original vision of blockchain, and we’re pleased to be working with UK policy makers and enterprises to help all stakeholders in the UK benefit from the transition to blockchain.

“Since leaving the European Union, the UK has the autonomy to chart its own course on blockchain. It’s a huge opportunity to position the nation for the next big technology transformation.”

Want to learn more from executives at the heart of this space? The Blockchain IoT Solutions Congress, on November 2 2021, will explore the convergence of these two technologies and the use cases and industries that will benefit.

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