I sympathize, it's a longer story, have you read the linked post introducing the pilot some months ago?
https://steemit.com/utopian-io/@sorin.cristescu/european-financial-transparency-gateway

In a few words:

• There was a very specific political stand-off on the topic of sharing financial data.
• The EU tried to address it using classical IT and it didn't work out too well.
• We have proven that it can be solved thanks to the steem blockchain (a public but permissioned clone)