How Blockchain Could Move Beyond Cryptocurrency and Transform Politics

Eva Kaili has big plans for the future. She’s a Greek member of the European Parliament, and a key advocate for blockchain technology. In an interview this week, Kaili explained how the distributed ledger could move beyond a means of registering cryptocurrency transactions and solve key issues in politics.

While the cryptocurrency market itself has noticeably cooled in recent months, moving from a valuation of $814 billion at the start of January to $146 billion today, Kaili is interested in how some of the underlying technologies could apply to other areas. Speaking to EAK TV, Kaili noted that supply chains have already benefitted from the technology, but there is future scope for Ethereum-style smart contracts, identity, and cross-border transactions. Kaili said that “I would say that in every sector I can see interesting developments, but value maybe more with supply chain…the other things are removing friction with intermediaries, saving us from costs that we shouldn’t have in financial services.”

Bitcoin is not the only use for blockchain.

See more: Abra’s CEO Sheds Light on the Cryptocurrency Bank of the Future


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