After months of monitoring and observing the potential of blockchain, EU is finally making a turn into it
After months of monitoring and observing the “promising and challenging” potential of distributed ledger technology (DLT), the European Union (EU) is finally making a turn into the blockchain industry.
How it all started
Back in February 2018, the European Commission (EC) launched the EU Blockchain Observatory and Forum, aimed to support European cross-border engagement with the technology and its multiple stakeholders and to unite the economy around blockchain.
Since its official launch, the newly established organization — supported by European Parliament — has released three thematic reports: the first one in July, dubbed “Blockchain Innovation in Europe”; the second one in October, “Blockchain and the GDPR”; and the third one in December, “Blockchain for Government and Public Services.”
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