Published On: Wed, Apr 11th, 2018

Europe Bullish on Blockchain: 22 Countries Sign International Blockchain Partnership

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As the cryptocurrency market struggles to regain its footing after a record-setting run late last year, traditional financial institutions, corporations, and governments are all looking to co-opt Bitcoin’s underlying technology for their own purposes — including the European Union.
Europe Goes Long on Blockchain Technology
On April 10, 22 countries in the European Union signed a Declaration on the Establishment of a European Blockchain Partnership.
Aimed at cementing Europe as a world-leader in the development and launch of blockchain technologies, the international partnership claims to be “a vehicle for cooperation amongst Member States to exchange experience and expertise in technical and regulatory fields and prepare for the launch of EU-wide blockchain applications across the Digital Single Market for the benefit of the public and private sectors.”

Mariya Gabriel, Commissioner for Digital Economy and Society, not only welcomed the Partnership’s signing but also made some seriously bullish statements:
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, …

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