While the market is struggling to get out of a long-term recession and build on last year's record-breaking growth, traditional financial institutions, corporations and governments, including the European Union, are trying to build a common stance against cryptomas and blockchains to exploit this technology.
European blockchain partnership
22 European Union countries signed on 10 April a declaration on the creation of a European blockchain partnership.
The countries that signed the partnership include:
Austria Luxembourg
Belgium Malta
Bulgaria Netherlands
Czech Republic ----------Norway
Estonia--------------------- Poland
Finland ---------------------Portugal
France ----------------------Slovakia
Germany------------------- Slovenia
Ireland ----------------------Spain
Latvia -----------------------Sweden
Lithuania
United Kingdom
Europe as a leader in the blockchain industry
In order to consolidate Europe as a world leader in the development and implementation of blockchain technologies, the European blockchain partnership is to be a means of cooperation between Member States in exchanging experience and technical and regulatory expertise. The partnership should also be involved in the preparation and launch of pan-European blockchains of applications across the digital single market for both the private and public sectors.
Mariya Gabriel, Commissioner for the Digital Economy and Society, welcomed the creation of a European blockchain partnership and added:
"In the future, all public services will use blockchain technology. Blockchain is a great opportunity for Europe and the Member States to review their information systems, promote user confidence and privacy, help create new business opportunities and create new areas for citizens, public services and society to benefit. The partnership that has been launched today allows Member States to work with the European Commission to exploit the huge potential of blockchain technology for better service for citizens.
Since launching the European Blockchain Observatory and forum in February this year, the European Commission has spent € 80 million on blockchain projects to promote technological and social progress. The Commission plans to spend an additional € 300 million in the coming years to finance progress in the blockchain industry.
Two blockchain projects already funded by the EU include MHDMD - blockchain for eHealth - and DECODE, which provides tools to enable individuals to control their personal data.
Thank you very much for your support!