22 European Nations Form New Blockchain Partnership

Over 20 European countries have jointly established a new blockchain group to share technical and regulatory expertise.

AccessTimeIconApr 11, 2018 at 1:30 p.m. UTC
Updated Aug 18, 2021 at 8:45 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

A group of 22 European nations has formed a new blockchain partnership aimed to exchange information on the technology.

The countries, including the U.K., France, Germany, Norway, Spain and the Netherlands, signed a declaration on Tuesday establishing the new group, dubbed the European Blockchain Partnership, according to a release from the European Commission, which led the effort.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • The collaboration is aimed to avoid "fragmented approaches" to the technology by sharing technical and regulatory expertise among member states, as well as creating ways to promote blockchain applications across the EU-wide Digital Single Market.

    Mariya Gabriel, European Commissioner for Digital Economy and Society, stated that all public services will use blockchain technology in the future, and that the partnership would turn the "enormous potential of blockchain into better services for citizens".

    As well as enabling member states to work together, the partnership also aims to facilitate the interoperability and implementation of blockchain services.

    Gabriel continued:

    "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 news comes after the EU launched the Blockchain Observatory and Forum in February. Soon after that, the European Commission said it would host a Fintech Lab to foster emerging technologies including blockchain starting from the middle of 2018.

    The new partnership follows a study conducted by the EU last November that assessed potential of an EU-wide blockchain infrastructure.

    EU Commission flag image via Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.