Catalonia blockchain industry is delivering something Spain didn’t – financial independence. The tumultuous region of Spain, Catalonia, is making efforts to gain independence from its parent nation for decades. The region’s struggle for independence has seen many ups and downs. Now, the Catalonia blockchain sector is ushering in a new era of economic freedom.
Catalonia is banking on the blockchain and crypto realm to deliver digital independence. On its journey to independence, the secessionist region is warming up to crypto. The people in the region realize that political freedom may be far, but economic freedom is within reach. And blockchain is making it happen right now.
Catalonia blockchain dependence promises digital freedom
The Bulletin Time reports that blockchain and cryptocurrencies, particularly Bitcoin, have found myriad uses in various countries. While some have shunned the trend by terming it anarchist, others have welcomed it with open arms. It is being widely used in numerous industries, including banking, manufacturing, transportation, and many more. Blockchain and other distributed ledger technologies (DLTs) are helping regions in their decade long struggle to secure economic freedom for its citizens.
Catalonia Minister of Digital Insurance Policies and Public Administration, Jordi Puignero, is confident that blockchain can help the Spanish state achieve digital independence. It can provide us with digital governance models. The digital governance can, in turn, affect financial governance and ultimately lead us on the path to freedom. The belief in freedom, financial and political, is what connects residents with the authorities.
Catalonia blockchain realm shows the political use of DLT
The minister adds that the Catalonia blockchain sector is poised to showcase its true potential as an economic liberator. The region can create its digital identification and self-governance registry. The monopoly of the central Spanish government can be overcome using DLT solutions. Such technologies can truly empower the citizens by guaranteeing a free sovereign state where residents don’t fear the ‘Big Brother’ syndrome.
In 2018, the Catalonia blockchain industry collaborated to make a blockchain-based electronic voting mechanism that helped conduct fair elections. Catalonia has also openly supported cryptocurrencies.
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