22 European Nations Come Together with Blockchain Partnership
The European Commissioner for Digital Economy and Society, Mariya Gabriel, sees the partnership as a progressive move that will affect the standard of Europe’s technological and public solutions for the greater.
Partner states specifically find the potential for blockchain technologies to include Europe’s Digital Single Economy, a policy initiative which appears to unite Europe’s disparate internet markets to a single. Much like the Digital Single Market, the venture will attempt to prevent disjointed methods to blockchain growth one of EU and European Economic Area members. It’s the partnership’s hope that collaboration will lead to smooth, cross-country interoperability with blockchain engineering “in full compliance with EU legislation and with apparent governance models which can help services utilizing blockchain [technologies] thrive across Europe.”
Spearheaded by the European Commission, the venture wants to ensure that Europe remains at the forefront of blockchain growth in the years ahead. The press release gives a nod to blockchain technologies for “boosting user confidence,” and the partnership believes it’ll play a foundational role in several of electronic solutions in the long run, such as finance, logistics and regulatory reporting.
“In the future, all public services will utilize blockchain technology. Blockchain is a great chance for both Europe and Member States to rethink their data systems, to encourage consumer trust and the protection of private information, to help generate new business opportunities and to establish new regions of leadership, benefiting citizens, public agencies and businesses. The Partnership launched today enables Member States to function together with the European Union Commission to flip the tremendous potential of blockchain technology to better services for citizens.”
Released at Wed, 11 Apr 2018 23:20:39 +0000
The European Blockchain Partnership “is going to be a vehicle for collaboration amongst Member States to exchange experience and expertise in technical and regulatory fields and prepare for the launching of EU-wide blockchain programs across the Digital Single Market for the sake of the general public and private industries,” states the European Commission media release.