{"id":259560,"date":"2020-05-05T15:17:03","date_gmt":"2020-05-05T19:17:03","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=259560"},"modified":"2021-08-29T07:53:10","modified_gmt":"2021-08-29T11:53:10","slug":"united-kingdom-launches-sandbox-to-test-covid-solutions-could-include-blockchain","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/united-kingdom-launches-sandbox-to-test-covid-solutions-could-include-blockchain","title":{"rendered":"United Kingdom Launches Sandbox to Test COVID Solutions, Could Include Blockchain"},"content":{"rendered":"
To help address COVID-19 the Financial Conduct Authority (FCA) in the UK is working on a digital sandbox to increase the chance of developing a solution.<\/p>\n
As many know, a digital sandbox is essentially an isolated space where participants can test their software and other products without affecting the area around it. For example, a developer may test a potentially dangerous piece of software in a sandbox without affecting the other files on the device. They allow users to experiment.<\/p>\n
According to a release<\/a> from the FCA, discovered by CoinTelegraph<\/a>, a sandbox would allow for the following:<\/p>\n “This would enhance some key features of our innovation services, allowing innovative firms to test and develop proofs of concept in a digital testing environment. There is also an important convening role for us to play, helping to enable greater collaboration to solve complex industry-wide problems.”<\/p><\/blockquote>\n Digital sandboxes are often used for innovation in certain spaces. This could mean utilizing technology such as blockchain and cryptocurrency to fight the coronavirus pandemic.<\/p>\n Here, developers could build an API, work together to push it further, and test it – all within regulatory policies put in place. It’s a risk-free way to work against the pandemic, and speed up any potential solutions.<\/p>\n","protected":false},"excerpt":{"rendered":"