UK lobbyists call for blockchain in U.S. tech deal
Ahead of Donald Trump's visit to London, representatives of British financial and technological organizations have sent a collective letter to UK Business and Trade Secretary Peter Kyle, urging him to include blockchain technology in future economic agreements with the United States.
The authors of the letter argue that if the UK intends to strengthen its technological cooperation with the United States, blockchain should be a priority. They note that distributed ledgers are already applied in finance, logistics, data management, and the public sector. Supporters claim these solutions improve transparency and security.
The appeal is set against the backdrop of the “UK-US Tech Bridge” launched by both governments in 2020 to exchange expertise and implement promising digital innovations. The program brings together private researchers and companies to discuss artificial intelligence, cybersecurity, and other Web3 issues. Since 2022, a separate office has been operating in London where program participants can meet and work in person.
According to the letter, the US is already actively developing the digital asset sector and investing in new blockchain products. The authors warn that the UK risks falling behind global trends unless it moves quickly to maintain its market position and attract investment. They argue that integrating distributed ledgers into the economy and public administration would increase the country's competitiveness in global markets and create new jobs.
Proponents also emphasize blockchain’s potential to optimize data exchange, reduce operational costs, and protect information. They provide examples of potential uses in healthcare facilities, supply chains, and document management.
The signatories acknowledge that there are many blockers for the initiative, including a lack of clear regulation and challenges in integrating new systems into the existing economy. Still, they maintain that joint work with the US could balance innovation with security, while the discussion itself may drive further development.
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