Yesterday the 10th of April, 2018, saw 22 European nations put pen to paper in consent of an agreement to collaborate on Blockchain projects. The main driving force behind this agreement is the need to position the European Union as the epicentre for Blockchain technology.
This international partnership is being propped to be ”a vehicle for cooperation among Member states to exchange experience and expertise in technical and regulatory fields and prepare for the launch of EU-wide Blockchain applications across Digital Single Market for the benefit of the public and private sectors.”
The European Commissioner for Digital Economy and Society Mariya Gabriel has lauded the partnership move and is very hopeful that it will help catalyse the growth of the European Blockchain industry;
“In the future, all public services will use Blockchain technology. Blockchain is a great opportunity for Europe and Member States to rethink their information systems, to promote user trust and the protection of personal data, to help create new business opportunities and to establish new areas of leadership, benefitting citizens, public services and companies. The partnership launched today enables Member States to work together with the European Commission to turn the enormous potential of Blockchain technology into better services for citizens.”
In February this year, the European Regional body launched the EU Observatory and Forum and since then it has pumped over 80 Million Euros into Blockchain projects and research to help facilitate both technological and Societal advancements.
The Following European Member States signed the agreement yesterday;
- Czech Republic
This notwithstanding, EU member nations who are yet to sign up to the agreement have been invited to join the European Blockchain Partnership.