22 EU Countries Sign Blockchain Partnership – Progress Made

22 EU Countries Sign Blockchain Partnership

22 EU Countries Sign Blockchain Partnership: Digital Day 2018 was held yesterday, and the European Commission lead the signing of a Declaration which constructs a European blockchain partnership made up of 22 European countries. The EC’s VP, Andrus Ansip, called on Europe to lead the way in digital innovation by embracing blockchain technology and artificial intelligence. In his speech yesterday in Brussels he said:

“AI and blockchain are the areas where Europe is best positioned to play a leading role. However, it is no secret that we have to invest – both politically and financially. There is quite some ground to catch up. Other continents are moving ahead quickly.”

It seems that the leaders within each country have listened and have now unified on this new project. This new collaboration is aimed specifically at avoiding “fragmented approaches” to the emerging technology by sharing technical expertise among each country. This new blockchain partnership will enable each member state to work together, and facilitate the implementation and interoperability of blockchain services.

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European Commissioner for Digital Economy and Society, Mariya Gabriel, made a statement in regards to this new alliance saying:

“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, benefiting citizens, public services, and companies.”

The European states that have sighed this new Declaration are as follows: Austria, Belgium, Bulgaria, Czech Republic, Estonia, Finland, France, Germany, Ireland, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and the U.K.

Back in February, the EC initiated the EU Blockcjain Observatory and Forum. The press release states that the EC has currently invested more than 80 mln euros in blockchain projects already and currently has 300 mln euros to be distributed to blockchain development by the year 2020.

Featured Image: Euractiv

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