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The British Blockchain Association
BBA@primal.net
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Official Nostr account of the BBA. Advancing evidence-based adoption of Blockchain. Authored UK's National Blockchain Roadmap. Est. in 2017. #BritishBlockchain #BBA
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The BBA 7 months ago
๐Ÿ“Bank of England Eyes Blockchains & Distributed Ledger Technologies in Financial Stability Report โžก๏ธ The Bank of Englandโ€™s latest Financial Stability Report says the central bank is exploring how innovations such as distributed ledger technology and new forms of central bank money could enhance financial stability. The bank is also backing international coordination to manage crypto and stablecoin risks. #Payments #BoE #Blockchain #DLT #Stablecoin #Crypto #Policy #DigitalFinance #Regulation #CBDC image
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The BBA 7 months ago
๐ŸŽ–๏ธ Know a policymaker, regulator or thought-leader shaping the future of Blockchain and Digital Assets? โžก๏ธ Nominate them for the BBA Fellowship (#FBBA) โ€” the highest honour awarded by The British Blockchain Association. ๐ŸŒ Recognising outstanding contributions to: โœ”๏ธ #Blockchain โœ”๏ธ #Cryptoassets โœ”๏ธ #Web3 policy, regulation, research, and adoption ๐ŸŽ“ New Fellows will be formally inducted at #ISC2026 in London โ€” the worldโ€™s premier blockchain scientific gathering. ๐Ÿ“… Deadline: 15 July ๐Ÿ“ At least one nominator must be a current BBA Fellow ๐Ÿ”— Nominate now: ๐ŸŽ“ Chair of Fellowship Committee: Prof. Dr @Prof Naseem Naqvi MBE MBE FBBA #FBBA #DigitalAssets #CryptoPolicy #Leadership #Fellowship #Award #Innovation
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The BBA 7 months ago
๐Ÿ“๐Ÿ‡ฌ๐Ÿ‡ง FCA leadership to face Lords Committee Over 5-Year Strategy: ๐Ÿ›๏ธ Senior leaders from the Financial Conduct Authority (FCA) will appear before the UK House of Lords Financial Services Regulation Committee next week to face questions on the regulatorโ€™s recently launched five-year strategy. โœ… The session will see FCA Chief Executive Nikhil Rathi, Deputy Chief Executive Sarah Pritchard, and Executive Director for Authorisations Sheree Howard give evidence to the committee. โžก๏ธ Launched in March 2025, the FCAโ€™s five-year strategy sets out four key priorities: becoming a smarter regulator, supporting financial sector growth, helping consumers, and tackling financial crime. Rathi said at the time that the strategy is designed to respond to a rapidly evolving landscape, building on recent reforms to drive greater efficiency and effectiveness. โžก๏ธ The Lords committee is expected to scrutinise how the FCA plans to deliver on these priorities, how progress will be measured, and how the regulator will balance innovation and growth with consumer protection and market integrity. More information: House of Lords Committee work page / FCA press release on 5-year strategy: https://committees.parliament.uk/work/9252/work-of-the-financial-conduct-authority-fca-the-fcas-fiveyear-strategy/ ๐Ÿ‡ฌ๐Ÿ‡ง As Secretariat of the APPG on Blockchain Technologies, the British Blockchain Association continues to provide evidence-led insights to the House of Lords on the future of #Crypto, Web3 and Blockchain technologies: ๐Ÿ‘‰ #Blockchain #Crypto #Web3 #Policy #Regulation image
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The BBA 7 months ago
๐Ÿ“BBA Forum July: Healthcare on the Blockchain ๐Ÿ“ Medical fraud costs $250B+ annually โ€” Blockchain can reduce this. ๐Ÿ“30% of global healthcare data is inaccurate or siloed. ๐Ÿ“3 out of 4 patients want control over their own health records. ๐Ÿฅ From Tokenised Medical Research to Patient-Owned Data โ€” the next frontier of health innovation is Decentralised Healthcare on the Blockchain. ๐Ÿ“… Join us on 9 July 2025 at 4:00 PM (UK) for the BBA Forum, where industry pioneers will explore how Blockchain is reshaping data ownership, trust, and digital health infrastructure. ๐ŸŽ™๏ธ Featuring: โœ… Dr Burhan Ahmed Ahmed (CEO, BlockMed Pro) โœ… Prof Dr Marc Pilkington FBBA (JBBA Associate Editor in Chief and BBA Fellow) โœ… Chrissa McFarlane (CEO, Patientory, Inc. ) โœ… Dr Sean Manion FBBA, JBBA Editor and BBA Fellow โœ… Prof. Dr @Prof Naseem Naqvi MBE MBE FBBA (President, @The British Blockchain Association) โœ… Moderator: Deborah Jane Cleary, BBA Secretariat Join Online: ๐ŸŒ Zoom Meeting ID: 872 3105 8220 ๐Ÿ” Passcode: 318143 #Blockchain #Healthcare #Tokenisation #Research #Trials #Decentralised #MedicalRecords #Web3 #BBA #JBBA #CEBB image
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The BBA 7 months ago
๐Ÿšจ 10 striking similarities between the ๐Ÿ‡บ๐Ÿ‡ธ U.S. Blockchain Act 2025 and the ๐Ÿ‡ฌ๐Ÿ‡ง UK Blockchain Roadmap 2021: 1๏ธโƒฃ Mandate Transparent Progress Reviews: ๐Ÿ‡บ๐Ÿ‡ธ "Require annual public reporting on blockchain adoption metrics, risks, use cases, and legislative gaps" ๐Ÿ‡ฌ๐Ÿ‡ง UK NBR 15: "Conducting regular evaluations and audit of blockchain programmes, "and 8: "Foster Evidence-informed policies.." 2๏ธโƒฃ ๐Ÿ›๏ธ Leadership & Governance: ๐Ÿ‡บ๐Ÿ‡ธ "Establish new Blockchain & DLT Subcommittee and mandates the creation of a multi-stakeholder National Blockchain Deployment Advisory Committee." ๐Ÿ‡ฌ๐Ÿ‡ง UK NBR 7: "Establish Sub-Speciality Steering Groups (SSGs)." 3๏ธโƒฃ ๐Ÿข Establish Public Sector Use Cases: ๐Ÿ‡บ๐Ÿ‡ธ "Encourages blockchain deployment across identity management, procurement, records verification, healthcare, logistics, and more." ๐Ÿ‡ฌ๐Ÿ‡ง UK NBR 11: โ€œBlockchain for Public Servicesโ€ and 2: "Build a public repository of successfully blockchain use cases.." 4๏ธโƒฃ ๐Ÿ“‘ Standards & Interoperability: ๐Ÿ‡บ๐Ÿ‡ธ "Define technical standards, interoperability protocols, risk frameworks, and secure infrastructure models in coordination with stakeholders." ๐Ÿ‡ฌ๐Ÿ‡ง UK NBR 5: "Agree upon Taxonomy of Evidence, Frameworks and Standards" 5๏ธโƒฃ ๐ŸŒ Global Competitiveness & Cooperation: ๐Ÿ‡บ๐Ÿ‡ธ The Act "positions blockchain as strategically vital and supports U.S. participation in international standard-setting and policy harmonisation." ๐Ÿ‡ฌ๐Ÿ‡ง UK NBR 13: " International Partnerships: Garner support through collaboration with other countries.." 6๏ธโƒฃ ๐Ÿ“Š Best Practices, Reporting & Oversight: ๐Ÿ‡บ๐Ÿ‡ธ "Mandates annual progress reporting to Congress and the publication of guidelines and cost-benefit evaluations to support evidence-based blockchain deployment." ๐Ÿ‡ฌ๐Ÿ‡ง UK NBR 3: "Establish measures to Audit the societal impact of Blockchain applications.." 7๏ธโƒฃ Develop Multi-Stakeholder Implementation Roadmaps: ๐Ÿ‡บ๐Ÿ‡ธ "involve academia, SMEs, public agencies, and civil society to shape national blockchain frameworks and ensure diversity of input..." ๐Ÿ‡ฌ๐Ÿ‡ง UK NBR Recommendation 1: "Foster 'Quadruple Helix' blockchain ecosystem (Government - Academia - Industry - Society) 8๏ธโƒฃ Focus on "Public Value": ๐Ÿ‡บ๐Ÿ‡ธ To fund pilots in healthcare, supply chains, digital ID, education, and financial infrastructure to generate measurable public value. ๐Ÿ‡ฌ๐Ÿ‡ง UK NBR 11: "Utilise the potential of Blockchain for Government and Public Services" 9๏ธโƒฃ ๐Ÿ‡บ๐Ÿ‡ธ "Invest in Capacity Building": ๐Ÿ‡ฌ๐Ÿ‡ง UK NBR 9: "Commit resources to generate and deploy quality evidence and 10: "Direct resources to programmes backed by evidence". ๐Ÿ”Ÿ ๐Ÿ“ˆ Industry Growth & Workforce Development: ๐Ÿ‡บ๐Ÿ‡ธ "Prioritises a future-ready workforce, with an emphasis on blockchain education, training, and publicโ€“private talent pipelines.." ๐Ÿ‡ฌ๐Ÿ‡ง UK NBR 16: "Establish a long-term Roadmap for industry growth and workforce planning" #UK #Blockchain #Roadmap #US #NBR #Crypto #Policy #Bitcoin #EvidenceBasedBlockchain image
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The BBA 7 months ago
๐Ÿ“Imagine losing your job today. ๐Ÿคท๐Ÿปโ€โ™‚๏ธ Could you sustain yourself and pay your bills on just your #DAO earnings? ๐Ÿ“Š Research from The Journal of the British Blockchain Association #JBBA sheds light: ๐Ÿ“‰ Only 4% earn over $10,000/month ๐Ÿ’ธ 81% of DAO workers earn less than $5,000/month ๐Ÿ’ผ 50% donโ€™t rely on DAO income as their primary source ๐Ÿ‘ฉโ€๐Ÿ’ผ Millennials are the most ready to embrace DAO work. ๐ŸŒ DAOs may shape the future of workโ€”but are they stable enough to replace a traditional paycheck? ๐Ÿ‘‡ What are your thoughts: Would you work for a DAO? ------- โœ๐Ÿฝ JBBA Editor in Chief: Prof. Dr @Prof Naseem Naqvi MBE MBE FBBA ๐ŸŒ The JBBA is the world's first and only research journal that publishes peer-reviewed research infographics in easy-to-understand plain English summaries for #policymakers and non-tech readers. #DAO #Blockchain #Web3Workforce #DecentralisedEconomy #FutureOfWork #EvidenceBasedBlockchain #JBBA #DigitalAssets #Job #Growth #Economy #LabourEconomics #Crypto image
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The BBA 7 months ago
๐Ÿ“Paying for a ๐Ÿ” burger using #Bitcoin at Florida's Steak n Shake: ๐Ÿ“ธ Yes โ€” this is a real receipt: โœ”๏ธ Payment made on Bitcoin Lightning Network โœ”๏ธ 13,612 Sats ($1 USD = 912 Satoshis) โœ”๏ธ Almost zero fees โœ”๏ธ Instant confirmation โœ”๏ธ Final settlement โœ”๏ธ Peer-to-Peer ๐ŸŒ Bitcoinโ€™s Layer 2 infrastructure is quietly building a parallel, permissionless payment rail โ€” already in use. The future of money doesnโ€™t need a card reader. #Blockchain image
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The BBA 7 months ago
๐Ÿš• Would you ride a blockchain-powered Uber or a self-driving Taxi โ€” if it cost less, accepted fares in stablecoins, worked offline, and rewarded you with crypto-based micro-subsidies? โžก๏ธ What if it gave you cheaper rides, protected your data, and worked peer-to-peer โ€” even without a smartphone? This isnโ€™t the future. Itโ€™s already here. ๐Ÿ“A decentralised, low-latency transport infrastructure โ€” built on blockchain โ€” could be the missing layer for solving real-world problems in cities across the Global South: โ€ข ๐Ÿ’ธ Automated, fair fare collection โ€ข ๐ŸŒ Micro-subsidies and credit for the unbanked โ€ข ๐Ÿ” Trusted data, roaming, and offline access โ€ข ๐ŸŒฟ Congestion & pollution reduction through mass-transit enablement ๐ŸŒ Backed by the World Bank, EBRD, and WEF, and highlighted in the #JBBA, this infrastructure isnโ€™t about crypto โ€” itโ€™s about equity, efficiency, and economic opportunity. ๐Ÿง  Time for policymakers and transport innovators to think beyond tickets - Think Tokens. ๐Ÿš Blockchain for Transport is no longer a โ€˜what ifโ€™ โ€” itโ€™s a โ€˜what nextโ€™. ๐Ÿ›๏ธ Infographics from BBA's Centre for Evidence-Based Blockchain #CEBB based on research published in the Journal of The BBA in 2019 - relevant now more than ever before. โœ๐Ÿฝ JBBA Editor in Chief: Prof. Dr @Prof Naseem Naqvi MBE MBE FBBA ๐Ÿ”— #BlockchainForPublicGood #EvidenceBasedBlockchain #DigitalTransport #Web3Infrastructure #SmartCities #CryptoPolicy #DigitalInclusion #BBA #GlobalDevelopment #SmartMobility #JBBA #DecentralisedSolutions image
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The BBA 7 months ago
๐Ÿšจ What if Blockchain Could Power Smart Factories Without Draining Energy? ๐Ÿญ A new consensus model makes that a reality. โš™๏ธ Forget PoW and PoS โ€” Here Comes READ-HC for the Industrial IoT Era: A Secure, scalable, and energy-aware blockchain model for Industry 4.0. ๐Ÿš€ NEW JBBA Research Alert: โžก๏ธ Reputation and Energy-Aware Dynamic Hybrid Consensus (READ-HC) Model for Industrial IoT (#IIoT) ๐Ÿ”‘ Key Takeaways for #Industry and #Policymakers: โžก๏ธ Problem Addressed: โ›“๏ธโ€๐Ÿ’ฅTraditional #blockchain consensus mechanisms (like Proof of Work or Proof of Stake) are too energy-intensive and slow for real-time, mission-critical environments like Industrial IoT (IIoT). Centralised models, meanwhile, suffer from single points of failure. ๐Ÿ“ Solution Proposed: The READ-HC model โ€” a novel blockchain consensus mechanism that intelligently combines: โœ… PBFT (for security and fault tolerance), โœ… Proof of Reputation (prioritising trustworthy nodes), and โœ… Energy-aware participation (minimising energy waste). โžก๏ธ Why It Matters: ๐Ÿ’ก Scalability: Supports thousands of IIoT devices with low latency (50โ€“100 ms), even under constrained bandwidth. ๐Ÿ”‹ Energy Efficiency: Reduces energy consumption by up to 70% compared to Proof of Work and 40% compared to PBFT. ๐Ÿ” Security: Effectively mitigates Sybil, replay, and sensor injection attacks through a dynamic reputation-based system. ๐Ÿ“ˆ Performance: Achieves up to 3000 transactions/sec, with up to 90% fault tolerance in simulations involving malicious nodes. ๐Ÿ“Industry Readiness: โœ… Compatible with common IIoT protocols (OPC UA, MQTT, Modbus) โœ… Easily integrates with legacy industrial systems without major infrastructure overhaul ๐Ÿ“ POLICY Implications: โœ… Encourages energy-conscious blockchain standards in industrial settings. โœ… Provides a blueprint for secure-by-design data infrastructures for smart factories, logistics, and critical infrastructure. โœ… Reinforces the need for reputation and compliance-driven participation in digital infrastructure layers. ๐Ÿง  This research represents a step forward for energy-efficient, secure, and scalable blockchain adoption in the industrial sector โ€” without sacrificing performance or interoperability. โœ๐Ÿฝ From Sristi Mitra, et al of Kadir Has University, #Turkiye. ๐Ÿ”— Read the full paper in the Journal of the British Blockchain Association (JBBA): โžก๏ธ ๐ŸŒ This paper will be featured in the upcoming 16th issue of The JBBA (Oct 2025). This paper was first presented as an Abstract at the BBA's 7th Blockchain International Scientific Conference London #ISC2025. ๐ŸŽ“JBBA Editor in Chief: Prof. Dr @Prof Naseem Naqvi MBE MBE FBBA #Blockchain #IIoT #DigitalInfrastructure #Web3 #SmartFactories #JBBA #CyberSecurity #EnergyEfficiency #UKBlockchain #ResearchToPolicy #ConsensusMechanism #EvidenceBasedBlockchain image
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The BBA 7 months ago
๐Ÿ‡บ๐Ÿ‡ธ With the U.S House of Representatives passing the American Blockchain Act, the number of countries with a dedicated national-level Blockchain Roadmap/ strategy/ policy/ Act has now reached 15. From the UK to Nigeria, Australia to the USA, governments are formalising Blockchain policy as a core pillar of their digital economic growth. Itโ€™s no longer a question of if other governments will act โ€” but how fast they can catch up. The global race is on. #Blockchain #DigitalAssets #CryptoPolicy #Web3 #NationalStrategy #DigitalEconomy #EvidenceBasedBlockchain #JBBA #Crypto #BlockchainRegulation #DigitalTransformation image
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The BBA 7 months ago
๐Ÿ“Your blockchain app just got hacked. Sensitive data leaked. Smart contract exploited. Millions lost. Who do you turn to for answers? This 6-year-old peer-reviewed study from the Journal of the British Blockchain Association explored exactly this: โœ… Blockchain security frameworks and your Blockchain investigative "Toolbox" โœ… Governance models โœ… Risk mitigation strategies โœ… Incident response protocols Still relevant โ€” now more than ever. #EvidenceBasedBlockchain #Cybersecurity #SmartContracts #Web3 #DeFi #Crypto #Blockchain #JBBA #DigitalAssets #DataSecurity #BlockchainRisk image
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The BBA 7 months ago
๐ŸŒ Countries are now shaping national blockchain strategies based on peer-reviewed research and real-world impact data. โžก๏ธ Are you building the foundations of the #Web3 digital economy on evidence, meta-analysis, and national policy guidelines? This is where credibility meets innovation. #EvidenceBasedBlockchain | #JBBA | #Crypto | #Web3 | #Blockchain | #DigitalEconomy | #PolicyDrivenInnovation
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The BBA 7 months ago
US National Blockchain Roadmap on its way.. image
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The BBA 7 months ago
๐Ÿš€ We are delighted to announce that BBA's 8th Annual International Blockchain Scientific Conference #ISC2026 will take place in London, UK on Friday, 27 March 2026! ๐ŸŽค โœ๐Ÿฝ CALL FOR ABSTRACTS NOW OPEN: ๐Ÿ—“๏ธ Key Dates: ๐Ÿ”น Abstract Submission Deadline: 30 November 2025 ๐Ÿ”น Full Paper Submission Deadline: 30 December 2025 ๐Ÿ”น Early Bird Registration Opens: 15 September 2025 ๐Ÿ”น Conference Date: 27 March 2026 โ€“ London, UK Do not miss the abstract submission deadline! #ISC2026 #Blockchain #Crypto #Web3 #UK #DeFi #Stablecoins #Decentralisation #Economy #Impact #EvidenceBasedBlockchain #Research #JBBA image
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The BBA 7 months ago
๐Ÿšจ BREAKING: ๐Ÿ‡บ๐Ÿ‡ธ USA to become the 15th country in the world to put forward a National Blockchain Roadmap ๐Ÿš€ US House has passed the Landmark Bill to Advance #Web3 and #Digital Infrastructure towards a national blockchain strategy through H.R.โ€ฏ1664: ๐Ÿ›๏ธ On June 28, 2025, the U.S. House passed H.R.โ€ฏ1664, marking a significant step toward a federal #blockchain strategy Establishing Leadership via Commerce Department, the Bill: โœ… designates the U.S. Department of Commerce as the lead agency responsible for developing and implementing a National #Roadmap for Blockchain and distributed ledger technologies (DLT). Encourages Interagency Coordination & Standards โœ… Agencies would be required to align efforts, creating strategic frameworks and open-source infrastructure. It aims to remove regulatory barriers and foster standardization. โžก๏ธ Bipartisan Support & Global Competitiveness Backed by both parties, the Act comes at a time when other nations such as the #UK, #UAE, #China, Estonia and others already have National Blockchain Roadmaps in place. The U.S NBR will focus on key areas such as: โœ… Digital Identity โœ… Supply Chains โœ… Finance โœ… Tech skills, investment & jobs โœ… Nation-wide Cybersecurity, digital trust, and #economic competitiveness framework The legislation targets practical blockchain applications like digital identity, supply chain transparency, and next-gen financial services, signalling a push beyond just cryptocurrencies. Goals: Innovate, Clarify Regulation, Build #Talent Emphasis is placed on: Improving international competitiveness Clarifying regulatory grey zones Removing startup hurdles Fostering technical standards and public-private partnerships Developing blockchain-savvy workforce Next Steps The bill now heads to the Senate. If enacted as-is, it will form the cornerstone of a coordinated, nationwide blockchain roadmapโ€”potentially accelerating innovation and enhancing U.S. leadership in emerging tech Bottom line: H.R.โ€ฏ1664 moves the U.S. from piecemeal efforts toward a structured federal blockchain approachโ€”centred on the Commerce Department and aligned across agenciesโ€”with bipartisan support and a clear eye on global competition. ๐Ÿ‡ฌ๐Ÿ‡ง In 2021, the United Kingdom published its National Blockchain Roadmap: #National #Blockchain #Roadmap #NBR #Policy image
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The BBA 7 months ago
๐ŸŒ Our June Newsletter is out! โžก๏ธ In this edition: โœ… Highlights from our #Parliamentary Roundtable on Blockchain & Digital Assets โœ… BBAโ€™s responses to FCA & HM Treasury #Crypto consultations โœ… #APPG Working Group on Digital Assets โœ… BBA at House of Lords Digital Asset #Impact Leaders โœ… #DBT Spotlight โœ… New BBA #Members โœ… Announcing #ISC2026 โ€“ London, 27 March | Abstracts now open โœ… New #Keynote speakers - Blockchain Associations Forum Annual Summit โœ… #JBBA Issue 16 - On track for October โœ… 900+ #universities in our global academic network - Indexed at British Library โœ… Post-#Quantum Blockchains: What's Next? โœ… BBA July Forum: #Healthcare on the Blockchain ๐Ÿฅ โ€ฆand much more! ๐Ÿ“ฉ Read the full update: ๐Ÿ‘‰ ๐ŸคTo join the BBA ecosystem and shape the future of blockchain and digital assets: โžก๏ธ info@britishblockchainassociation.org #Blockchain #UKBlockchain #CryptoPolicy #DigitalAssets #ISC2026 #JBBA #Stablecoins #BBA #Web3 #BAF #Parliament #QuantumTech #EvidenceBasedBlockchain image
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The BBA 7 months ago
๐ŸŽฅ Did you know? You can watch all speeches, keynote addresses, and panel discussions from #BBA Summits and Forums on our official #YouTube Channel! ๐ŸŒ From global blockchain #policy debates to deep dives into #DeFi, #tokenization, #regulation, and AI governance โ€” catch every moment, on demand. ๐Ÿ“บ Watch now: ๐Ÿง  Perfect for: โ€ข Policymakers โ€ข Researchers โ€ข Industry leaders โ€ข Students โ€ข Anyone shaping the future of blockchain and digital assets. ๐Ÿ”” Donโ€™t forget to Subscribe to stay updated with the latest from the British Blockchain Association. #Blockchain #DigitalAssets #Web3 #BBA #Policy #Innovation #Crypto #DeFi #AI #Regulation #Fintech #Education #BAF #JBBA #Leadership
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The BBA 7 months ago
๐Ÿ‡ฌ๐Ÿ‡ท GREECE will join 51 Member Nations to participate in the Blockchain Associations Forum's *5th* Annual Summit, to be held on 15 October. ๐ŸŽค Mr Tasos Oureilidis, CEO of Xenios Blockchain Group, will represent Greece at the Summit. โžก๏ธ Xenios Blockchain Group S.A. is on a mission to revolutionize the financial landscape by #tokenizing realโ€‘world assets through its proprietary green hybrid #blockchain. It empowers businesses with sustainable, efficient, and transparent blockchain solutions, driven innovation and #regulatory compliance. As Greeceโ€™s leading blockchain thinkโ€‘tank and an advisor to #regulators, they are shaping #EU policy and pioneering the digital #finance frontier. โžก๏ธ Established in 2020, Blockchain Associations Forum (BAF) is a BBA initiative bringing together Digital Asset and Blockchain Think-Tanks from 51 countries on a joint platform to debate some of the most pressing #Web3 policy issues effecting the global #economy. To find out more about Xenios Blockchain Group, visit: โœ… More on Blockchain Associations Forum (BAF) and previous BAF Summits 2020 -2025: ๐ŸŽค To represent your country at BAF and to become a BAF Member, contact: BAF@britishblockchainassociation.org ๐Ÿ›๏ธ This is a *Member only* Summit. The proceedings of the Summit will be published in the JBBA November issue, and distributed worldwide to #policymakers, industry think-tanks and #regulators. #GREECE #Hellenic #BAF #BBA #Policy #Web3 #Blockchain #Crypto #Regulation #DeFi image
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The BBA 7 months ago
๐Ÿ‡ฌ๐Ÿ‡ง The UKโ€™s Data (Use and Access) Act 2025 is now law. Hereโ€™s why it matters. The Act is one of the most significant digital data legislations in recent years โ€” reshaping how customer and business data is accessed, shared, and regulated across the economy. ๐Ÿ”‘ Key Highlights: โ€ข Grants consumers the right to request and share their data with authorised third parties (similar to open banking โ€” now extended to all sectors). โ€ข Empowers regulators to mandate standardised APIs, dashboards, and trust frameworks for interoperability. โ€ข Introduces oversight mechanisms, penalties, and redress for misuse of data. โ€ข Creates a legal basis for digital verification services and electronic trust services (e.g., e-signatures, seals). โ€ข Establishes a stronger role for the FCA in setting โ€œinterface rulesโ€ for financial data ecosystems. โธป ๐Ÿ” Why #Blockchain Matters for Data Provenance As data becomes more portable, verifiable, and widely shared, questions of authenticity, origin, and auditability become paramount. Thatโ€™s where Blockchain and Distributed Ledger Technologies (DLT) step in: โœ… Immutable audit trails โœ… Timestamped data provenance โœ… Decentralised trust โœ… Enhanced regulatory visibility โœ… Verifiable credentials for DVS compliance ๐Ÿ“Œ Without Blockchain or similar decentralised integrity frameworks, we risk building a data economy where access is abundant but trust is thin. โ€” The British Blockchain Association welcomes this step forward, and urges UK regulators to consider protocol-level assurance frameworks to ensure resilience, transparency and accountability. #DataAct #Blockchain #DigitalEconomy #Web3 #DataProvenance #CryptoRegulation #TrustTech #UKPolicy #DigitalID #SmartData #BBA #DLT
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The BBA 7 months ago
๐Ÿ‡ง๐Ÿ‡น Bhutan has now mined 12,000 Bitcoin since 2020. Now worth $1.3 billion, thatโ€™s almost 40% of the countryโ€™s GDP, making it the 3rd biggest Bitcoin-holding nation. #Bitcoin image
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