Prime Minister Theresa May’s government has been working to get the United Kingdom out of the European Union. The U.K.’s action does not affect the neighboring Republic of Ireland, which plans on remaining an EU member.

But what happens to trade between the two nations after Brexit? According to Phillip Hammond, the U.K.’s finance minister, the best way to ensure trade across the Irish border remains open and without hassles lies in the use of blockchain technology.

“There is technology becoming available (…) I don’t claim to be an expert on it but the most obvious technology is blockchain,” Hammond told Reuters.

He gave no further details, but others in the May government have been more forthcoming on the virtues of blockchain including its use for a system of tracking meat, underway since July.

ThirtyK Staff
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