According to the European Commission’s press service, 22 EU countries signed a declaration establishing a European Partnership in Blockchain Technology on March 9.
The declaration states that “To harness the power of Blockchain technology and avoid fragmentation when approaching this challenge, the parties to this declaration agree to collaborate to create a European Partnership for the Development of Blockchain Infrastructure which will help improve trustworthy and user-centered digital service within the Single Market.”
The agreement will see the countries exchange their experience and knowledge in regulatory and technical areas. It also allows them to jointly launch a single European application using blockchain technology that is both for the public and private sectors. The first cross-border transfers will be made by the end of 2019
In a speech at Digital Day 2018, Andrus Ansip (Vice President of the European Commission) appealed to the EU for funding “the digital and data-driven future” of Europe.
It was reported in November that 200 000 euros had been allocated by the European Commission to investigate the potential for blockchain technology within the EU infrastructure.