FCC Chairman Aijt Pai addresses blockchain regulations
, Aijt Pai, U.S. FCC Chair stated.
Blockchain regulation is one of the major developments going on in the tech industry now. The distributed ledger technology has been touted by many to be the savior to tracking of records, supply chains, voting, retailing, travel and a whole lot more. But for the tech to go fully functional in some places, there have to be ground rules to regulate how the tech can be used or not used.
The government agency that is responsible for the regulation of radio, television, wire, satellite, and cable – the chair of the Federal Communications Commission (FCC) – voiced to the Indian Express that it might be essential to grow the realm of the telecom regulator (FCC) to include the evolving tech.
“So one of the challenges is to figure out how we find a level-playing field that promotes investment and innovations for all these firms without disadvantaging any one of them. The second issue is that these are very dynamic industries and one can foresee in coming decades – things like artificial intelligence, machine learning, blockchain, quantum computing will have significant impact on how communications networks…