As representatives of the European countries gather in Brussels for Digital Day 2018, 22 Member States of the European Commision (EC) have signed a declaration to establish a European Blockchain Partnership.
In an attempt to unify the European Union's fractured membership around a common digital policy, EU leaders announced a series of measures created to make Europe more competitive in critical emerging technologies.
The Declaration on the Establishment of a European Blockchain Partnership aims to ensure that the EU plays a leading role in the development and rollout of blockchain technologies. As with AI: we should make the most of this new opportunity to innovate.
All EU member states except for Croatia, Cyprus, Greece and Romania vowed to modernise national policies as part of an effort to develop large-scale AI research.
Blockchain technology is a system of organization of distributed databases. A large number of Member States agreed to work together on the opportunities and challenges brought by AI.
The signatories agreed to co-operate to establish the partnership with a view to developing a blockchain infrastructure that can enhance value-based, trusted, user-centric digital services across borders within the Digital Single Market. The objective is to launch EU-wide blockchain applications across the Digital Single Market for the benefit of the public and private sectors.
Mariya Gabriel, European Commissioner for Digital Economy and Society, stated that all public services will use blockchain technology in the future, and that the partnership would turn the "enormous potential of blockchain into better services for citizens".
This approach should allow all members equal input to creating an enabling ecosystem that supports full compliance with European Union regulations and that will encourage blockchain based services to succeed across Europe. He urged member states to support the European tech sector "both politically and financially". Around EUR 300 million more are to be allocated to blockchain by 2020.
In a speech centered on digitization, a vice president of the European Commission - the executive arm of the European Union - pinpointed blockchain technology as an area that EU nations ought to be committing to.
The proposal calls for: better public access to information submitted to the European Food Safety Authority (EFSA) by industry; more public consultations on scientific evidence; and guarantees that studies meet high scientific standards.