EU to launch blockchain study

By 13th November 2017All, Blockchain, Cryptocurrency

EU to launch blockchain study

The EU Commission is looking carefully at blockchain developments with the objective of setting the right conditions for an open, innovative, trustworthy, transparent, and EU law compliant data and transactional environment.

In this context, the European Commission is launching a study for 250.000€ to assess the opportunity and feasibility of a EU Blockchain Infrastructure (study reference: SMART 2017/0044).

The EU Commission is looking carefully at blockchain developments with the objective of setting the right conditions for an open, innovative, trustworthy, transparent, and EU law compliant data and transactional environment

This study will assess, in the first place, if, when and how blockchain technologies may help public authorities to deliver European services and implement policies in an optimised way. It will examine opportunity, benefits, and challenges of a range of options, including an enabling framework at EU level or an infrastructure supporting blockchain-based services.

The study will provide a clear understanding of what type or degree of intervention is more suited and on the opportunity, value added and conditions for a EU action. The study will address how to dimension a EU blockchain infrastructure and which services could run on such infrastructure.

The overall objective is to help creating conducive environments for implementing more effective public policies, easing private sector engagement with the authorities, developing innovative ecosystems and applications, showing leadership and reinforcing the competitive edge of Europe and its blockchain innovators at a global level.

The call for tenders will remain open until 19 January 2018.

Original Source: https://www.finextra.com/pressarticle/71560/eu-to-launch-blockchain-study?utm_medium=rss&utm_source=finextrafeed