Several UK trade groups have appealed to the government to include blockchain in the Tech Bridge with the US, citing the risks of its exclusion.
Warning Against Blockchain's Exclusion
According to Bloomberg, trade bodies representing the UK’s digital and fintech sectors are concerned that leaving blockchain out of the agreement could jeopardize the UK’s role in shaping the future of global digital infrastructure. Blockchain has become a core component of financial services, supply chain management, and cybersecurity.
Strengthening Transatlantic Blockchain Ties
Incorporating blockchain into the Tech Bridge would open doors for joint research, regulatory alignment, and investment, assisting UK startups and blockchain firms in collaborating with American counterparts to boost innovation and economic growth. Experts warn that if the UK does not act now, it risks missing economic benefits and losing influence in shaping global blockchain standards.
Conclusion on Technology Importance
Trade groups are now calling for policymakers to explicitly include blockchain in future versions of the Tech Bridge agreement, ensuring the UK remains a central player in global tech innovation.
Including blockchain in the international collaboration with the US represents a critical step for the UK to maintain its competitiveness in high technology and digital innovations.
