Stratis Joins ‘APPG Blockchain’ to Help Guide U.K. Blockchain Policy
Stratis will focus on helping the U.K. benefit from blockchain technology.
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Stratis is joining APPG Blockchain.
Stratis to Guide U.K. Crypto Policy
Stratis has joined the U.K.’s All Party Parliamentary Group on Blockchain (APPG Blockchain) to contribute its knowledge and experience of deploying blockchain for innovative use cases. APPG Blockchain includes organizations like Capita, the IOTA Foundation, SAP, and the British Standards Institute (BSI) who collaborate with an array of experts in public evidence forums to provide tangible recommendations to policy makers working on the U.K.’s approach to blockchain.
As one of the U.K.’s most prominent blockchain projects, the Stratis team will contribute its knowledge and experience from serving enterprise and open source blockchain use cases.
The APPG on Blockchain is currently focused on furthering understanding of ‘Blockchain-as-a-Service’ and the opportunities it presents for U.K. organizations. As the world’s most developed BaaS provider, Stratis will share examples of early use cases for its BaaS platform as well as help to inform recommendations on how the U.K. can make it easier for organizations to benefit from the collaborative and efficient approach that BaaS enables.
Other specific areas of focus are Decentralized Finance (DeFi), where Stratis will contribute its understanding from building interoperability between the Stratis blockchain and Ethereum, as well as the role of decentralized exchanges, ahead of the release of ‘Opdex’, the first DEX native to the Stratis blockchain. This workstream is expected to help U.K. financial services firms to engage with and benefit from the DeFi revolution.
Also on the group’s agenda for 2022 are stablecoins and Central Bank Digital Currencies (CBDCs). Stratis recently announced the world’s first Sterling-backed stablecoin, known as GBPT, to support digitally issued equities and debt instruments. With GBPT, any natively digital securities will be able to yield dividends or income more efficiently using digital currency.
Professor Birgitte Andersen, the CEO of Big Innovation Group and Secretariat APPG on Blockchain, said of the update:
“Adding Stratis, one of the UK’s most established and innovative blockchain platforms, brings additional real-world experience to the APPG on Blockchain. Blockchain technology is transforming many areas of business, finance, public services, and our lives, and the U.K. has a real opportunity to take a leadership role that supports economic value creation, high-skilled jobs, and a fairer society.”
Chris Trew, the founder and CEO of Stratis, commented:
“Collaboration is central to the original vision of blockchain and we’re pleased to be working with U.K. policy-makers and enterprises to help all stakeholders in the U.K. benefit from the transition to blockchain. Since leaving the European Union, the U.K. has the autonomy to chart its own course on blockchain. It’s a huge opportunity to position the nation for the next big technology transformation.”
Stratis is on a mission is to simplify the adoption of blockchain technology within existing computing environments.
To deliver on this mission, Stratic has built a Blockchain-as-a-Service (BaaS) platform written entirely in C# and based on the Microsoft .NET Core framework. This means that more than 10 million developers across the world with C# skills can easily apply blockchain within their existing tech stack.
Decentralized and highly secure, the Stratis blockchain offers an ideal platform for deploying decentralized applications incorporating smart contracts. Over $2 billion in value has been successfully secured on the Stratis public blockchain. Stratis is more than blockchain infrastructure. The project works with developers to help them understand how tokenization and blockchain can drive value. The Stratis platform is used today by gaming companies to support new models like play-to-earn, by enterprises for supply-chain optimization, as well as for DeFi and NFT use cases.