“The Partnership will 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. This should ensure that Europe continues to play a leading role in the development and roll-out of blockchain technologies.”
Mqariya Gabriel, a Commissioner for Digital Economy and Society, spoke of possibilities to integrate Blockchain technology into the existing industry:
“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, benefiting citizens, public services and companies.”
According to the press release, the EC already invested over €80 million (around $98 million) in projects related to Blockchain. EC will allocate further €300 million for Blockchain development by year 2020.
The following countries signed the Declaration for the Blockchain Partnership: Austria, Belgium, Bulgaria, Czech Republic, Estonia, Finland, France, Germany, Ireland, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and UK. Other members of both, the EU and the European Economic Area are also invited to join.