The EU Has Now Invested Over €5 Million in Blockchain Startups

At the beginning of the European Union, which is working on various projects involving Blockchain, invested about € 5 million (about $ 6 million).

Recently, six billionth of the development or research of data technology applications have been funded by the new initiative, according to the publicly available data.

Last week, the European Commission's Small and Medium Enterprises (SME) Group has been completed at the beginning of three - Signalite, Oftex and The Billon Group - for other uses using digital identity and payment services.

Horizon 2020 informs that the EU contributes € 5,471,131 to group funding. In the meantime, there were more than € 1 million earnings at the beginning of the three, while three were fined Tk 50,000.

The initiative is a one of the focal points for Block Work with Blocken. Last month, the European Commission (Executive Boo of the EU) said that it is planning to create a "Blockbuster for Social Good" competition associated with Horizon 2020. The European researchers also saw the program for managing cryptocurrence funds.

Earlier this year, the European Commission began establishing the basis of a so-called Blockchain Observatory, which would serve as a research and outreach office for her work with technology.