Blockchain-based financial applications could help increase the competitiveness of the City

Even though the government has stated the goal of building an environment conducive to blockchain-based financial applications, progress has been lacklustre and the UK is falling behind the European Union in this area. Ousmène Jacques Mandeng writes that the launch of a central bank digital currency and the issuance of blockchain-based gilts would signal the government’s intent to support the competitiveness of the City and ensure its success.