Topic: EU blockchain partnership of 22 Countries.Good or Bad? (Read 144 times)
Various companies and governments are enthusiastically accepting blockchain technology. Blockchain can disrupt many sectors from retail to banking. Most of the governments and banks have apprehensions towards cryptocurrency because they are decentralized monetary system, but are supporting blockchain and are spending millions and billions in Research and Development. This EU partnership of 22 countries over the research in Blockchain tech will not result in any effect on crypto market. Already, many banks and countries are working over their own blockchain. But that would be a centralized system confined to a particular country or a group of country. No government will approve a decentralized monetary system and hence, this partnership won't be of any significance to the market.
It's great. It's a sign that they know how blockchain technology can change the world. They know the advantages. They will help to develope the technology. They will help bitcoin and other cryptocurrencies to become more popular.
There were many concerns about the governments decisions about cryptocurrencies. But this news gave me hope.
There were many concerns about the governments decisions about cryptocurrencies. But this news gave me hope.
The member states of European Union signed a Declaration to establish a European Blockchain Partnership. According to the official website of European Commission, 22 countries have participated in this agreement to create a Digital Single Market that aims to position Europe as the world leader in blockchain industry.
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