Germany Consults Industry About Blockchain Technology

The German government is counseling organizations and industry bunches that could become stakeholders in the nation’s blockchain advancement, Reuters writes about Feb. 18.

The anonymous organizations and groups have supposedly been welcome to supply suggestions from this week onwards. Reuters additionally refers to unspecified government sources saying that it is as yet misty if those proposals will convert into direction sooner rather than later, however solid outcomes are at present being looked for.

As indicated by the article, around 170 new businesses in Berlin are included with blockchain or distributed ledger technology (DLT), and new companies in the space “have said that without a legal framework, there are high entrance hurdles.”

As Cointelegraph announced in January, a noteworthy worldwide securities marketplace in Germany, Deutsche Börse, has said that it is “making significant progress” on its blockchain-based securities loaning platform. The platform is being created in partnership with Luxembourg-based blockchain liquidity the management platform HQLAx.

In December a year ago, news broke that German railway operator Deutsche Bahn AG, viewed as the biggest in Europe, had cooperated with blockchain integration platform Unibright to look at the likelihood of tokenizing its ecosystem.

Likewise in December 2018, it was accounted for that Germany’s second-biggest bank SolarisBank and Stuttgart Exchange Group are together creating infrastructure for a cryptocurrency exchange.