UK regulator FCA plans to use blockchain technology to improve media coverage.

On September 23, UK regulator FCA plans to use blockchain technology to improve broadcast regulation. According to the FCA, a blockchain-based digital regulatory framework aims to lower the cost of monitoring compliance and is currently in partnership with the Bank of England. FCA Director Nikhil Rathi notes that the current regulatory statement estimates that 20,000 duties for 58,000 companies will cost between £ 1.5 billion and £ 4 billion per year. By connecting to businesses through blockchain and API technology and distributing readable and compliant systems, compliance testing can be performed in real time. As demand for data grows, it monitors businesses, including larger data indicating that businesses may use, exchange, or restrict data in a negative way for users. (pin bolt)