As a former Aia politician, Bart Brands has a deep understanding of democracy and how the legislative process works. He is also a big supporter of blockchain and Bitcoin technology – having begun to take an interest in 2012 or 2013.
After taking the breath of Litecoin after the first fork of Bitcoin, he became aware of the Blockchain technology and started to understand what it meant for 2016.
Now president of the European Blockchain Foundation, he says: "I started to be interested in technology and what technology could mean on a personal and political level".
Preach the Blockchain
The following year, in 2017, he says "everyone has become totally crazy – even me – when the price has risen." Since I was preaching the Gospel Blockchain, I was not so involved from a financial point of view.
"I focused mainly on technology." He started talking to investors and people who wanted to learn more in the financial district of Amsterdam and across the country.
At the end of that year, he was reintroduced as a politician and introduced a policy to Aia asking how to accept Blockchain and consider the use of technology to streamline processes to enhance IT security. The academic background of the brands is in security intelligence and information security.
"I was talking about this Blockchain movement to Aia with other elected representatives and there were 44 of them looking at me with glassy and sober eyes because they did not know what I was talking about," he says. "But when I mentioned Bitcoin they went crazy and they said," Yes, we have to do it ". The motion was accepted by majority.
Says of the Foundation, which was founded in April 2018: "Our mission is to pressure governments to adopt regulations that promote a compatible Europe with the Blockchain." Currently they have six companies that are members and many more interested. They are still the first days.
They do not urge companies to join, but they believe "we need to get organized to make sure there is legislation".
"We really need to see progress at the level of government and influence politics," he says. "As enthusiasts and people who believe in technology, we are trying to make sure that technology works for the improvement of many, I believe that the freedom of technology is the answer to centralization and represents decentralization".
"As a former politician, I know that most politicians and a lot of people in politics can continue to suppress freedom and this is what we are seeing happening in the world.
"Blockchain can be used to track and track everything – or nothing, it can really alter the freedom we enjoy or miss."
Blockchain technology is "like any other technology, it is something new that could handle policies, life or the purchase of foodstuffs. During last year's hype there were many wrong proposals using technology blockchain for something that works perfectly without it ".
In October of last year, the Foundation proposed that the city of the state of Aia be offered the opportunity to receive wages in cryptocurrency. He urged the municipality to investigate the possibility.
It claims that applications "reduce dependence on large, often corrupt, banks and bring about increased efficiency." A considerable number of companies in various countries now offer employees the opportunity to be paid in cryptocurrencies. "
Lack of understanding
The Foundation seeks to introduce and inform as there is "a lack of deeper understanding of Blockchain technology".
He says that when he talks to the politicians of Blockchain and Bitcoin, he always mentions "money laundering, terrorism and obscurity in almost every conversation".
But the amount recycled via cryptocurrency is "insignificantly small" when compared to the amount of money recycled globally through banks – it is 2/1000 of the 1%, he estimates, which is "statistically insignificant".
"It's almost as if lawmakers and policymakers had these arguments against cryptocurrency and Blockchain forged them."
He feels that governments "block freedom" are "something against which it is worth fighting".
"It is a real challenge to influence legislation so that Blockchain remains the way it is understood as an independent and decentralized form of freedom that will benefit people."
The regulation, he adds, is a difficult question to consider. "Even if a politician promises to deregulate, you could end up with more regulations," he warns. "I think it's very important that the regulations are influenced so as to honor the intent of the inventors of the Blockchain technology as a decentralized Peer to Peer and not used by third parties to influence the transactions in order to remain free in a manner quite large ".
With the adoption of mass, it is almost impossible to establish a time scale in which it states that it would be so easy to make mistakes. But it expects that, although there was a downturn in the financial part of Blockchain due to the Bear market, "applications will start to be implemented in 2019".