EU Parliament calls to increase blockchain usage in trade and business

11:32 AM 17 December 2018

Summary:

  • Blockchain development the quickest growing Linkedin’s job sector

  • EU Parliament calls to widen blockchain usage in trade and business

  • Litecoin (LITECOIN on xStation5) goes up to nearly $26

The week in the cryptocurrency market has begun in rather upbeat moods. The three largest cryptocurrencies - Bitcoin (BITCOIN on xStation5), Ethereum (ETHEREUM on xStation5), and Ripple (RIPPLE on xStation5) - have marched higher, but the scale of rises could be described as benign. On the other hand, some virtual currencies have experienced moderate losses. The capitalization of the whole market stands around the $104 billion mark.

Bitcoin has been moving around $3225 for a couple of days. Source: xStation5

Employers are eager to employ blockchain developers

Blockchain Development is the quickest growing job sector on LinkedIn, according to the LinkedIn’s 2018 U.S. Emerging Jobs Report. The demand for Blockchain Developers has grown 33 times so far this year. The second place in the ranking is occupied by Machine Learning Engineers, a demand for them has grown 12 times in the same period of time. The detailed data suggests that New York City, San Francisco, and Atlanta have been among cities with the highest demand for blockchain developers.

Litecoin is placed among the best performing major cryptocurrencies. The virtual currency has increased around 7% thus far today. Source: xStation5

European Parliament encourages to increase blockchain adoption

The European Parliament, being the parliamentary institution of the European Union, adopted blockchain-related resolution on Thursday titled “Blockchain: a forward-looking trade policy”. In the document the EU Parliament encourages to increase blockchain adoption in trade and business. The EU’s legislative body mentioned in the resolution that blockchain adoption could improve supply chain transparency, streamline trade processes, reduce costs and corruption, detect tax evasion and the security of data. This is another step in the region toward blockchain adoption after seven southern European states – France, Italy, Spain, Malta, Cyprus, Portugal and Spain – signed a joint declaration earlier this month to promote the use of blockchain in order to transform their economies.

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