European Commission Studying Feasibility of EU Blockchain Infrastructure

30121226 - eu flags in front of european commission building in brussels


The European Commission recently announced the launch of a new 250.000€ study designed to evaluate the potential for creating an EU-wide blockchain infrastructure. The Commission’s goal is to set the “right conditions for an open, innovative, trustworthy, transparent, and EU law compliant data and transactional environment”

The study will initially focus on the potential for using blockchain technology to deliver public services:

“This study will assess, in the first place, if, when and how blockchain technologies may help public authorities to deliver European services and implement policies in an optimised way. It will examine opportunity, benefits, and challenges of a range of options, including an enabling framework at EU level or an infrastructure supporting blockchain-based services.”

In addition, the Commission will be using the study to assess the level of EU intervention needed for such a venture and which services would be the best fit for any new infrastructure.

“The overall objective is to help creating conducive environments for implementing more effective public policies, easing private sector engagement with the authorities, developing innovative ecosystems and applications, showing leadership and reinforcing the competitive edge of Europe and its blockchain innovators at a global level.

The call for tenders will remain open until 19 January 2018.”


Author: Ken Chase

Freelance writer whose interests include topics ranging from technology and finance to politics, fitness, and all things canine. Aspiring polymath, semi-professional skeptic, and passionate advocate for the judicious use of the Oxford comma.

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