Professor Yu Xiong appointed to Parliamentary Group on Blockchain
The UK must catch up with the rest of the world to benefit from the immense potential of blockchain technology, according to a University of Surrey expert recently appointed to the Advisory Board of the All-Party Parliamentary Group (APPG) on Blockchain.
Professor Yu Xiong, Chair of Business Analytics at the University of Surrey, will advise the Group on the latest thinking, research, opportunities and risks associated with blockchain technology.
Professor Xiong is a leading expert in blockchain technology and has research interests in the impact bitcoin mining has on climate change targets and how Blockchain could revolutionise the ownership of digital content, particularly on social media platforms.
Professor Xiong said:
“I am honoured to advise this All-Party Parliamentary Group on this fast-moving technology that is certain to disrupt key industries over the coming decade. While many nations have had a head start on planning, developing and formalising potential policies when it comes to Blockchain, my colleagues and I on the Advisory Board hope to help the UK catch up and, eventually, lead the way in this area.”
Blockchain is the technology behind cryptocurrencies like Bitcoin. A blockchain is typically defined as a decentralised record of all transactions across a network.
Note to editors
APPGs are informal, cross-party groups formed by MPs and Members of the House of Lords who share a common interest in a particular policy area, region or country.
Professor Yu Xiong is available for interview upon request
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