• Thu, 22 Aug 2019, 05:25 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Seven EU member states sign declaration to foster blockchain use

Thu, 06 Dec 2018, 04:32 am UTC

Seven southern EU member states have signed a declaration to foster the use of distributed ledger technology (DLT) beyond cryptocurrencies, The Financial Times reported.

On Tuesday, the group, called the “Mediterranean seven,” comprising of France, Italy, Spain, Malta, Cyprus, Portugal and Spain, signed the declaration to promote DLT, which, the governments believe, can be a “game changer” to boost the efficiency of southern EU economies.

According to the group, government services such as “education, transport, mobility, shipping, Land Registry, customs, company registry, and healthcare” can be “transformed” with the use of DLT. Blockchain evangelists believe that the technology offers more stringent privacy protections for citizens and can help reduce the bureaucratic burden on governments providing “e-services”.

“This can result not only in the enhancement of e-government services but also increased transparency and reduced administrative burdens, better customs collection and better access to public information” the declaration reads.

Earlier in February, the EC launched the EU Blockchain Observatory and Forum to boost blockchain activities in the region. Later in April, it announced that 22 member countries have signed a declaration on the establishment of a European Blockchain Partnership (EBP). The EBP has now been signed by a total of 27 member countries.

More recently, four major names in the blockchain space – EMURGO/Cardano, Fetch.AI, NEM and Ripple – teamed up to launch “Blockchain for Europe” association. They aim to create a “unified voice” for the blockchain industry at European level.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,013.80 (-2.71%)
  • Ethereum (ETH) $186.14 (-1.81%)
  • XRP (XRP) $0.265600 (-0.64%)
  • Bitcoin Cash (BCH) $300.82 (-2.35%)
  • Litecoin (LTC) $72.75 (-1.62%)
  • Bitcoin (BTC) $10,013.80 (-2.71%)
Aug 22, 2019 (Thursday)
04:01
Indian Supreme Court grills RBI for cryptocurrency banking ban
03:49
Cryptopia customers did not have individual wallets; liquidator Grant Thornton to manually determine crypto ownership
03:34
Korean crypto exchange Prixbit shuts down over financial crisis
03:31
Crypto Technicals: BTC/USD below $10K, breach of 'Symmetric Triangle' could plummet prices further
Aug 21, 2019 (Wednesday)
12:56
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:27
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:25
European Commission looks into “potential anti-competitive behavior” of Facebook's Libra: Report
11:10
Thailand’s Siam Cement Group seeks to expand Corda-based ‘Procure to Pay’ solution to 2,400 suppliers by 2020
10:40
Crypto Technicals: BCH/USD rejected at cloud, violation at 200-DMA to open up downside
10:21
Blockchain settlement startup Fnality adds former UBS and IMF executives to management team
09:17
Austrian telecom giant A1 to offer cryptocurrency payment option
09:02
Japan's Amaten, Aelf to revolutionize gift card market using blockchain
07:37
Crypto Technicals: Monero (XMR) recovery falters at major trendline resistance, slips below cloud
07:34
Blockchain securities issuance platform iownit.us obtains approval from FINRA
06:37
Crypto Technicals: ETH/USD struggles to extend gains beyond $200 mark, bias bearish below 200-DMA
06:18
Square Crypto hires Blockstream co-founder Matt Corallo to boost bitcoin adoption
06:16
Commonwealth Bank of Australia develops blockchain-based marketplace and token to protect biodiversity
05:40
Crypto Technicals: Bitcoin fails to take out $11K mark, tumbles below 55-EMA support (10428)
05:07
EMURGO inks MOUs with South Korean trade associations to boost Cardano adoption
04:15
China may launch its central bank digital currency ahead of Facebook's cryptocurrency Libra
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft