Blockchain in Europe: A Beckon of Hope
With Europe taking serious steps towards adopting blockchain, it has become one of the most-watched continents. Unlike certain countries that react as though this technology will not exist in our future, the EU has been on top of the game by evaluating the potential of distributed ledger technology (DLT).
Genesis
The first major step took place in February 2018 when the European Commission (EC) launched the EU Blockchain Observatory and Forum to support European engagement with DLT and to unite the economy around blockchain. Since then, the European Parliament-supported organisation released three reports:
2. Blockchain and the GDPR (October)
3. Blockchain for Government and Public Services (December)
The second major step was taken in April 2018 when 22 countries signed a Declaration that created a European Blockchain Partnership (EBP). The partnership’s objective is on cybersecurity, privacy, energy efficiency and interoperability. Since then, 5 more countries have joined the partnership.
“Blockchain is a great…
