[News] The European Commission announces the EU Blockchain Observatory and Forum
This is an important announcement for all european countries. After some documents and guidelines (1, 2, 3, 4, 5), today the EU Commission launched the EU Blockchain Observatory and Forum with the support of the European Parliament, represented by Jakob von Weizsäcker (responsible for the recent report on virtual currencies).
"Technologies like blockchain can help reduce costs while increasing trust, traceability and security. They have huge potential for making social and economic transactions more secure online by guarding against an attack and removing the need for any middleman. We want to build on Europe's substantial talent base and excellent startups to become a leading world region that will develop and invest in the rollout of blockchain." - said Vice-President for the Digital Single Market Andrus Ansip.
This is an important step for the acceptance and "normalization" of cryptocurrencies in European Countries, and for developing more applications for the blockchain technology as well.
UE will also fund projects about the Blockchain technology for around €340millions in the next 2 years.
Now let's see if this Observatory & Forum will actually work ;)
Hopefully they don't manipulate it for their own advantages, so many conspiracy theory about UN and EU...But i see the best coming out of this.
I have some information about them
I hope you will benefit
Is a distributed database that has the ability to manage an ever-increasing list of named records (blocks). Each block has a timestamp and a link to the previous cluster. The cluster string is designed to preserve and prevent the data stored in it, meaning that when you store information in the cluster, you can not later modify that information.
The cluster chain is safe by design and is an example of distributed distributed computing system with high Byzantine error tolerance. The cluster chain thus allows for a decentralized system of consensus. These features allow the cluster chain to record events, addresses, medical records, and other activity management records, identity management, transaction processing, and source verification. Such a system has profound implications for the global economic system, including the removal of large-scale intermediaries and the completion of commercial transactions without intermediaries (such as banks), which also affects the course of global trade as we know it today.
In 2008, Satoshi Nakamoto put forward the concept of the block series and then wrote in the following year an essential part of the digital currency code of Betcuen, which acts as a public ledger for all cash transfers. The cluster chain database is managed in an independent manner because of its reliance on the Ned-Land network and time stamp servers distributed around the world. The use of the mass chain in the design of the currency system made the latter the first digital currency to avoid the problem of double spending (spending the same cash amount in two different transactions).
Such a nice definition and explanation of the Blockchain...But not really Necessary in this context.
Yes, I just know I want to inform the reader
About this technique there are those who do not know this information
We are here to learn and know
Block Block Revolution Blockchain Threaten the Throne of World Empires .. Amazon, Banks and Media!
Blockbain Block Revolution threatens the thrones of global empires .. Amazon, banks and media
Blockchain - is wrong and misplaced, just like over-ignoring the digital currency revolution, topped by bitcoin in its early beginnings, which is originally one of the output series of blocks.
Between a dodgy carrier, an ignorant ignorant, a hollow media person, and a fan of appearances on the networks - foreign and Arab - the simple human sparrow, and lost the idea, and absent the fruit, so that the sight of certain facts, benefits and imminent threat.
I see that the fruit is more important than the technical depth of the user, he does not care much about the mechanics of the work of the technical, but the benefits of the benefits and how to benefit from them in his daily life. It is not everything that a person uses - technically - the car occupant probably does not care about the technology of converting fuel into kinetic energy. This is the case for the user of networks, fifth generation, resource management systems and complex technological devices, and others, currently headed by Block Qin.
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excellent news, thanks for good sharing