European blockchain observatory
The project will bring together various sectors, including regulators, industry experts, and politicians, to develop new use cases. The Commission sees blockchain technologies as a major breakthrough due to high levels of traceability and security in economic transactions online. According to the press release, the Commission anticipates blockchain to impact a wide array of digital services, and transform business models in areas such as healthcare, insurance, finance, energy, logistics, intellectual property rights management, and government services. Many European innovators and entrepreneurs are already offering blockchain-based solutions. Major players from traditional sectors, like banks, insurance companies, stock exchanges are engaged in pilot projects. Also, many EU Member States have announced initiatives, as they seek to reinforce their use of blockchain technology.
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European blockchain observatory
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Content:
- European Union
- EU Blockchain Observatory Forum to Discuss Regulations
- Blockchain Observatory
- European Blockchain Observatory and Forum report update
- European countries join Blockchain Partnership
- EU’s European Blockchain Observatory and Forum to Host Blockchain AMA
- Blockchain for Europe
- EU Blockchain Forum says blockchain, GDPR compatible
- Blockchain/ Distributed Ledger
- Boost for blockchain research as EU increases funding four-fold
European Union
Blockchain is increasingly cited as the solution to many of the world's problems, offering a low friction, tamper-resistant record of transactions or processes. There is increasing focus on blockchain and distributed ledger technologies among EU legislators and institutions, within a specific FinTech context and more broadly. A May European Parliament report focusing on virtual currencies also emphasised the potential for Distributed Ledger Technologies beyond financial transactions.
The MEPs' resulting resolution identified:. Blockchain now has a place both in the parts of the EU Commission dealing with financial services and digital technology.
These units have come together to establish the Financial Technology Task Force. A recently closed consultation by the FTTF called for views on distributed ledger technologies in a financial services context. Log in to your client extranet for free matter information, know-how and documents. To help improve your experience of our website we would like to use cookies. This means we collect some information on your activity while you are on the website.
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Or click on manage brochure at the top of every page. Is blockchain about to take over? EU focus on blockchain and distributed ledger technologies There is increasing focus on blockchain and distributed ledger technologies among EU legislators and institutions, within a specific FinTech context and more broadly.
The MEPs' resulting resolution identified: "DLT's potential to accelerate, decentralise, automate and standardise data-driven processes at lower cost has the potential to alter fundamentally the way in which assets are transferred and records are kept, with implications for both the private and the public sector, the latter being concerned in three dimensions: as a service provider, as a supervisor and as a legislator.
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EU Blockchain Observatory Forum to Discuss Regulations
EU chapter of Blockchain Observatory and Forum is all set to host a comprehensive discussion on future of blockchain technology and regulatory ecosystems, on June 18, The European Union Blockchain Observatory and Forum were officially launched in February of with the aim to develop the ecosystem for blockchain activities in Europe and to accelerate existing usage. The institution will work in partnership with ConsenSys, an ethereum startup. The activities of the Forum are backed by the European Commission itself and also have the European Parliament discussing blockchain technology and its impact in the following years. The organization has been engaged in communicating with interested digital technology explorers through a series of workshops as well as panel discussions. The organization is all set to bring out the various topics, themes and participatory input from the workshop and the panel discussions on its official website soon.
Blockchain Observatory
Yesterday, Ambrosus Cofounder Angel Versetti presented the Ambrosus Ecosystem and participated on a panel in front of blockchain developers, European Parliament and European Commission members , and active members in the European blockchain community. The panel was an opportune moment for a number of topics to be discussed, to network between professionals and to engage with Ambrosus community members as well as prospective entrepreneurs. Here is a short breakdown of why this event was important:. Defining Ambrosus as the Leader in Blockchain-Based IoT Solutions: A core topic of discussion at the forum pertained to supply chain security, and the implementation of end-to-end solutions for data in need of verification. Ambrosus differentiated itself by being the only enterprise solution that provides encrypted IoT devices to securely bridge real world events with the blockchain. The value of such a solution for large enterprises in need of guaranteed data security was central to the discussion. Blockchain enabled and secured devices, are only in their infancy, and Ambrosus is leading the development of complex and secure solutions.
European Blockchain Observatory and Forum report update
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European countries join Blockchain Partnership
The Blockchain Observatory and Forum, launched by the European Commission with the support of the European Parliament, will have the role of highlighting key developments of the blockchain technology, promoting European actors and reinforcing European engagement with multiple stakeholders involved in blockchain activities. The European Commission launched the EU Blockchain Observatory and Forum The Blockchain Observatory and Forum, launched by the European Commission with the support of the European Parliament, will have the role of highlighting key developments of the blockchain technology, promoting European actors and reinforcing European engagement with multiple stakeholders involved in blockchain activities. This initiative will also help Europe to seize new opportunities offered by blockchain, build expertise and show leadership in the field. It will be gathering information, monitoring and analysing trends, addressing challenges and exploring blockchains' socioeconomic potential. More information is available here.
EU’s European Blockchain Observatory and Forum to Host Blockchain AMA
An increasing number of countries is looking at the possibilities of blockchain technology and taking initiatives to boost the deployment of the the technology behind Bitcoin. After the announcement of Alastria , the first self-proclaimed multi-sector blockchain ecosystem across the globe in Spain, ample initiatives have followed. These reports then either serve as guidance for policy and specific target audiences , either as part of a mix in which projects and initiatives are announced. It happens at national levels, it happens at industry levels, it happens at global levels think the blockchain buzz at Davos and it happens at supra-national, territorial levels. Early February also the EU joined the ranks of those supra-national institutions looking to develop the blockchain ecosystem.
Blockchain for Europe
This project monitor blockchain initiatives in Europe, produce a comprehensive source of blockchain knowledge, create an attractive and transparent forum for sharing information and opinion, make recommendations on the role the EU could play in blockchain. This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
EU Blockchain Forum says blockchain, GDPR compatible
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Blockchain/ Distributed Ledger
The energy consumption and efficiency of the underlying technology should be considered when developing a blockchain infrastructure, a EU Blockchain Observatory and Forum report recommends. As the use of blockchain is growing across the various sectors of the economy — including the energy sector — debate continues around the energy consumption of the different technologies and particularly the headline grabbing high energy consumption of Bitcoin. Other consensus mechanisms such as the popular proof-of-stake are much less energy intensive, although a recent investigation has found that even among these the consumption can vary by several orders of magnitude. The report also suggests that contrary to common opinion, the energy consumption of PoW blockchains does not grow significantly when the number of transactions or the complexity of operations increases. Thus, in the case of Bitcoin, the biggest threat of increasing energy consumption is a further considerable increase in its price, an increase in transaction fees or a decrease in electricity prices.
Boost for blockchain research as EU increases funding four-fold
The Blockchain Observatory and Forum is going to be a powerful tool in order to better showcase key developments of the blockchain technology, promote European actors and reinforce European engagement with multiple stakeholders involved in blockchain activities. Blockchain technologies, which store blocks of information that are distributed across the network, are seen as a major breakthrough, as they bring about high levels of traceability and security in economic transactions online. They are expected to impact digital services and transform business models in a wide range of areas, such as healthcare, insurance, finance, energy, logistics, intellectual property rights management or government services.
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