Topic: [2018-04-11] Blockchain is Going Mainstream from the Laboratory: EU Official (Read 143 times)
April 11, 2018, 05:33:56 AM
Many governments are very much interested and now funding developments and advancements on the blockchain technology though we have to be aware that it does not automatically mean they are also for Bitcoin and cryptocurrency. The two can exist without the other, anyway. However, we crypto lovers are hoping that they will anyway allow the growth of Bitcoin and cryptocurrency as this is where the common people can easily participate into.
April 11, 2018, 04:13:28 AM
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EC vice-president Andrus Ansip underlined blockchain technology among “the areas where Europe is best positioned to play a leading role”
These words can start a healthy competition between different international organizations, unions, leagues, countries and continents for playing a leading role in adopting blockchain technology. Although it might look a bit comical considering that the borders are blurred in the modern world, it can be very beneficial for the crypto community and that's why it should be very much welcomed by this community imo.
April 11, 2018, 04:06:34 AM
Bitcoin truly proved that the technology works and could very much be applied everywhere else. Hopefully, this solidifies the very much earned trust btc deserves. Hopefully they keep the regulations fair though. I agree btc needs some sort of regulatory board as it's necessary if we ever want a wide adoption of technology.
April 11, 2018, 02:54:25 AM
A European Commission vice-president has called on EU nations to commit to blockchain technology which he says is moving out of the lab and going mainstream.
In a speech centered on digitization, a vice president of the European Commission – the executive arm of the European Union – pinpointed blockchain technology as an area that EU nations ought to be committing to. EC vice-president Andrus Ansip underlined blockchain technology among “the areas where Europe is best positioned to play a leading role” alongside artificial intelligence (AI).
The official was offering the opening remarks of the European Union’s annual ‘Digital Day’ initiative held in Brussels this year when he stated:
To this end, the EC official called on national governments and private sectors to contribute to the cause, stating the EU’s own “public purse only goes so far”, representing roughly 1% of the annual wealth generated by EU economies. “[W]e need hard cash,” he added, bluntly.
The notable remarks come within weeks of EU launching its own ‘Blockchain Observatory and Forum’ earlier in February. First announced by the EC last year, the establishment was in response to a European Parliament mandate to strengthen EU’s technical expertise in new technologies.
The EC now says it will invest €300 million in projects directly related to the use of blockchain technology. The Commission also revealed it is laying the groundwork required to establish a European Blockchain Partnership in order to promote “interoperable infrastructures”, presumably between EU nations, to enhance and foster trusted digital services.
Meanwhile, EC officials have previously hinted at introducing a regulatory framework for cryptocurrencies as recently as February.
https://www.ccn.com/blockchain-is-going-mainstream-from-the-laboratory-eu-official/
In a speech centered on digitization, a vice president of the European Commission – the executive arm of the European Union – pinpointed blockchain technology as an area that EU nations ought to be committing to. EC vice-president Andrus Ansip underlined blockchain technology among “the areas where Europe is best positioned to play a leading role” alongside artificial intelligence (AI).
The official was offering the opening remarks of the European Union’s annual ‘Digital Day’ initiative held in Brussels this year when he stated:
Quote
I would like to see EU countries make a similar commitment [as with AI] to blockchain technologies – now moving out of the lab and going mainstream. As with AI: we should make the most of this new opportunity to innovate.
To this end, the EC official called on national governments and private sectors to contribute to the cause, stating the EU’s own “public purse only goes so far”, representing roughly 1% of the annual wealth generated by EU economies. “[W]e need hard cash,” he added, bluntly.
The notable remarks come within weeks of EU launching its own ‘Blockchain Observatory and Forum’ earlier in February. First announced by the EC last year, the establishment was in response to a European Parliament mandate to strengthen EU’s technical expertise in new technologies.
The EC now says it will invest €300 million in projects directly related to the use of blockchain technology. The Commission also revealed it is laying the groundwork required to establish a European Blockchain Partnership in order to promote “interoperable infrastructures”, presumably between EU nations, to enhance and foster trusted digital services.
Meanwhile, EC officials have previously hinted at introducing a regulatory framework for cryptocurrencies as recently as February.
https://www.ccn.com/blockchain-is-going-mainstream-from-the-laboratory-eu-official/
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