Stellar CEO Says Blockchain Technology is Infrastructure

Denelle Dixon, CEO the Stellar Development Foundation — a nonprofit organization that supports the development and growth of Stellar, said that blockchain technology is infrastructure.

This comes amid continued dialogue betweenthe blockchain industry and the U.S. Congress. According to Dixon, there is still hope that regulatory legislation comes at a mutually beneficial decision.

Based on reports, the dialogue started after a $28 billion crypto tax reporting proposal suddenly joined the Bipartisan Infrastructure Deal (BID).

Moreover, the BID language leftcompanies built on blockchain uncertain. Notably those dedicated to its value beyond crypto trading. However, Dixon said that these firms’ success depends on the U.S. infrastructure. Starting from electricity and the internet to airports and highways. “Their profits are taxed and used, at least in part, to support that underlying infrastructure,” she added.

In addition to this, Denelle Dixon said,

Let’s be clear: blockchain technology IS infrastructure, not just a revenue source to fund it. We must put the focus back on the use cases and economic opportunity it enables. The possibilities are limitless, if legislation enables innovation to continue.

Also, the CEO insisted on the blockchain context. She said that crypto trading is just one of many use cases of the technology.

Further, she added the tech itself, much like the U.S. systems of roads and railways, is the infrastructure that produces chances for greater efficiency and connectivity to solve pressing real-world problems.