The European Parliament (EP) adopted a resolution “Blockchain: a forward-looking trade policy,” on Thursday, in order to improve EU trade policies. Resolutions highlights that using blockchain lets traders upload all their documents in one place (including those related to compliance, to benefit from the preferential tariffs). The technology could also help authorities to automatically get information from these parties and improve verification and trade processes thus improving the quality and speed of their services.
The resolution marks the latest positive step toward blockchain adoption in the EU region. Earlier this month, six southern European states – France, Italy, Spain, Malta, Cyprus and Portugal – signed a joint declaration to promote the use of blockchain in order to transform their economies.
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