Blockchain and Distributed Ledger Technologies (DLT) have the potential to bring great improvements to the European industry and citizens. They enable companies, from start-ups to large corporates, and administrations to provide decentralised, trusted, transparent and user-centric digital services. This can lead to new and improved business models, benefiting society and stimulating sustainable economic growth. These technologies are transforming the way we use the internet and digital services globally.
The EU’s Strategy
The European Commission has a holistic approach to blockchain technologies and DLT, which aims at positioning Europe at the forefront of blockchain innovation and uptake.
In this rapidly evolving context, the EU relies on the following main initiatives to enable globally inclusive governance, reinforce cooperation and investments in deploying blockchain/DLT based applications, support international standard setting and facilitate dialogue between industry stakeholders and regulators, notably for a regulatory framework, that builds on the EU acquis.
The European Blockchain Partnership
The European Blockchain Partnership, created in April 2018, joins at a political level all EU Member States and members of the European Economic Area (Norway and Liechtenstein).
The signatories of this declaration will work together towards realising the potential of blockchain-based services for the benefit of citizens, society and economy. As part of this commitment, the Partnership is building a European Blockchain Services Infrastructure (EBSI) which will deliver EU-wide cross-border public services using blockchain technology. In 2020, EBSI will deploy a network of distributed blockchain nodes across Europe, supporting applications focused on selected use cases.
In December 2019, the European Commission started an open market consultation in preparation of the European Blockchain Pre-Commercial Procurement that is looking for novel, improved blockchain solutions for the future evolution of the European Blockchain Service Infrastructure. Interested market parties are invited to participate in the open market consultation activities.