• Fri, 06 Dec 2019, 03:23 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) $7,460.83 (+2.80%)
  • Ethereum (ETH) $149.11 (+2.13%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $214.11 (+2.79%)
  • Litecoin (LTC) $45.43 (+1.57%)
  • Bitcoin (BTC) $7,460.83 (+2.80%)
Dec 5, 2019 (Thursday)
13:09
Dunamu’s crypto subsidiary DXM partners with Ledger to launch custody service for institutional clients
11:28
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:28
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
10:49
Crypto Technicals: LTC/USD pauses downside, bullish RSI divergence raises scope for upside
10:43
U.S. financial regulators call for continued monitoring of digital assets and DLTs
10:10
Crypto Technicals: IOT/USD retraces above 0.20 handle; recovery lacks traction
09:38
Samsung Blockchain Keystore to be soon available in six more European countries, says TRON CEO Justin Sun
08:15
KT and China Mobile team up to commercialize blockchain-based roaming charge system
07:13
Crypto Technicals: XRP/USD capped below 5-DMA, on track to test trendline support at 0.1995
06:44
France to launch CBDC trial by end of Q1 2020
06:35
Crypto Technicals: BTC/USD finds selling pressure at highs, bias remains bearish as long as 21-EMA resistance holds
06:25
OneConnect seeks to raise $500M for its upcoming IPO amidst global expansion of parent company Ping An
06:17
China’s Hainan announces new measures, $142M fund to support blockchain industry
05:25
Sean Neville to step down as Circle co-CEO
05:02
Bakkt CEO Kelly Loeffler appointed as U.S. senator by Georgia governor Brian Kemp
04:58
Gemini burns GUSD bringing total supply to 4.1 million
04:46
Crypto Technicals: ETH/USD recovery capped at 200H MA, break below 78.6% Fib (141.35) to knock prices lower
03:59
Poloniex users could lose fund, account if they fail to withdraw tokens by Dec. 16, Circle warns
03:36
North Korean hacking group may be behind near-undetectable macOS malware
Dec 4, 2019 (Wednesday)
13:46
BOJ Governor Haruhiko Kuroda sees no public demand for CBDC at the moment
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft