Today, the European Blockchain Partnership Signed, €300 Million for Blockchain Projects

Germany, France, UK and 19 other European countries have signed a declaration recognizing “the potential of blockchain to transform digital services in Europe.”

The signatories aim to take “a global leadership position in the development and application of blockchain and distributed ledger technologies.”

That includes support at government and inter-government level to identify “an initial set of existing cross-border digital public sector services that would gain added value from the support of a blockchain services infrastructure, and start exploring other use cases.”

They are to also provide financial support. The European Commission has already invested €80 million in blockchain projects, with €300 million allocated until 2020.

Mariya Gabriel, European Commissioner for Digital Economy and Society, said following the signing of the declaration:

“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.

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.”