7 Members of the EU Sign a Declaration to Promote Blockchain

CornerRight 2 min

Icons/Position/Pos. No. 1


Icons/Technology/Tech No.1


On the 4th of December, Southern European Countries Ministerial Declaration on Distributed Ledger Technologies was signed by seven EU members. The document emphasized their will to promote the use of distributed ledger technology.

France, Italy, Spain, Malta, Cyprus, Portugal, and Spain came together in Brussels to lobby for the promotion of blockchain technology, and to express commitment to explore the applications for the technology within governmental services. The signed document expresses a great belief in the potential of blockchain technology, as an instrument to transform the economy and society into a truly digital one.

Blockchain development adoption in the public sector

The commitment to exploring the possibilities and becoming a leader in the emerging technology is a bold move, and it fits into the global movement towards blockchain and its wider adoption in government services.

More and more governments and organisations test its usage in various appliances, mostly in finance and legal areas. Polish blockchain for the credit reference agency BIK and banks and “Court of the Blockchain” initiative in UAE are excellent examples of this. The European Commission also launched a new blockchain association with five major EU banks, aiming at developing and promoting blockchain standards in Europe.

Blockchain opens ways to increase efficiency, accountability and privacy

Blockchain has the potential to solve a number of issues in the public sector. The decentralized ledger technology and blockchain itself has features that can transform the e-government services. The most interesting of its aspects are safety, transparency and immutability. The blockchain development that can cut costs and improve administration.

The adoption in the public sector will also have a direct impact on business, and help the technology to develop further.

Need a skilled team for Blockchain and ICO development?

We’re in the Top 10 Blockchain Companies according to Clutch.io – our team is ready to help.

Similar blog posts

10 Common Software Architecture Patterns: Expert Guide

8 min

Did you know that before starting a software development project, an architect needs to pick the software architecture for it? This is a common best practice in the tech industry that allows teams to make the most out of the software and create a better experience for users.

see details

3 Traps That Can Sink Your ICO – and How to Avoid Them

4 min

In the first quarter of 2018, ICOs have already raised almost 7 billion dollars [Coinschedule.com]. The pie is big, and what’s even more important, it is booming – in half a year we will raise more funds in ICOs than in the whole of 2017.

see details

11 types of software development you should know

10 min

If you’re looking to invest in a digital product or build a custom solution, it’s smart to get started by learning what the software development landscape looks like today. It might seem that programming is a pretty straightforward activity. You write code, test it, deploy it, and finally implement it – right?

see details

12 Interesting Blogs on Blockchain & Cryptocurrencies

3 min

It’s not easy to find a reliable and friendly source of information on blockchain technology. To help you reach some of the best, we’ve aggregated the top blogs related to the topic, which can extend your view on blockchain & cryptocurrencies.

see details