Over 20 states signed a Declaration on the establishment of a European partnership in the field of blockchain technologies, the press service of the European Commission announced.
The project participants intend to cooperate and exchange experience and expertise in the technical and regulatory area in order to create a path for a Digital Single Market. The agreement states that “cooperation can strengthen compliance with regulations and regulatory convergence” within the EU. According to the document, the first cross-border actions should begin by the end of 2019.
“The Partnership launched today enables Member States to work together with the European Commission to turn the enormous potential of blockchain technology into better services for citizens”.
– Mariya Gabriel, Commissioner for Digital Economy and Society
The European Commission has already invested more than 80 million euros in blockchain for the benefit of municipal and societal areas. Another 300 million will be allocated to study the technology by 2020.