European blockchain institutions welcome input from IT professionals

Europe is marching ahead in a ‘Blockchain Revolution’, and IT professionals will play a key role.

Following the launch of the European Blockchain Partnership and the EU Blockchain Observatory and Forum, there are growing indications that the European Union is waking up to the vast potential offered by the technology. So, how will the Partnership and Observatory work in practice? And what role might there be for IT professionals in the ongoing growth of Europe-wide blockchain initiatives?

 

'Blockchain Revolution'

During April, a total of 23 European countries signed a declaration to establish a European Blockchain Partnership, billed as 'a vehicle for cooperation amongst EU Member States to exchange experience and expertise in technical and regulatory fields and prepare for the launch of EU-wide blockchain applications across the Digital Single Market for the benefit of the public and private sectors.' 

The move follows the earlier creation of the EU-backed Blockchain Observatory and Forum, which was launched in February to highlight key milestones in the ongoing development of blockchain technology, as well as to 'promote European actors and reinforce European engagement with multiple stakeholders involved in blockchain activities.'

According to Andrus Ansip, Vice-President for the Digital Single Market at the European Commission, both the European Blockchain Partnership and EU Blockchain Observatory and Forum are 'but one of the first steps Member States are making for Europe to succeed' in what he describes as the 'blockchain revolution.'

"These initiatives allow for a coordinated European approach enhancing online trust and security, fostering new business models and encouraging better user-centric digital services. We now need to bolster such cooperation initiatives with academic and specialized research expertise inside the EU blockchain initiatives, as well as with the actual work of high-skilled mathematicians, cryptographers and IT specialists on the ground," he says.

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