Colin LeMahieu, software engineer and founder of Nano, will join global fintech experts — including Dirk Bullmann, Adviser to the European Central Bank Director-General, Market Infrastructure and Payments and Alexandr Ivanov, CEO & Founder of Waves — to discuss the use of cryptocurrencies and the tokenization of the world’s economy.
The panel will be hosted by Greek parliament’s Eva Kaili, who promoted the adoption of the blockchain resolution in the European Parliament in September.
A Big Deal for Europe
The Blockchain for Europe summit will be focused on the future of blockchain technology and what it means for different sectors of the European economy — which is in line with the European Union’s aim to create clear legal and regulatory framework for blockchain-related businesses and eventually become a leading global player in this field.
According to the European Parliament resolution, the member states should create a common approach towards distributed ledger technologies (DLT) for the EU as it has a tremendous innovative potential and may bring improvements for startups, large businesses, citizens, and governments.
Apart from regulatory issues, the need to ensure harmony within the union, and the need for compliance with the existing Data Protection Regulation, the resolution emphasized the practical applicability of the new technology. Real-life use cases and the ways it may change the life of European citizens for the better are among the top priorities highlighted by the European Parliament.
What is Nano?
Nano was launched in 2015 as a platform for fast peer-to-peer transactions with zero costs and minimal resource requirements. With a focus on practical everyday uses as a means of payment, the Nano platform features infinite scalability and cost efficiency — which may make it popular among small businesses and individual cryptocurrency users.
Participation in the Blockchain for EU summit might become an important milestone in promoting Nano adoption in Europe, where governments pay a lot of attention to sustainability issues and environmental protection. Being very lightweight, the Nano protocol does not require significant amounts of energy and computing power — which is a significant benefit, considering the increased discussion on energy-intensive Bitcoin mining.
All in all, Nano might be a great platform to showcase cryptocurrency advantages to European decision-makers and promote its adoption on the continent.
Now, Nano takes the 37th place in the rating of global cryptocurrency assets with a market capitalization, at the time of this writing, of just over $188 million.
Recently cryptocurrency exchange Huobi added the coin to the list of tradable instruments.
What do you think of Nano and its founder’s plans to address European legislators? Let us know in the comments below!
[Editor’s Note: The author of this article does not own Nano (NANO).]