The EU Blockchain Industry Roundtable, which took place on 20 November 2018, was described by the European Commission as “an important step towards creating a European community to support the deployment of blockchain in the European Union”.
In particular, the Commission welcomes the announcement of an “International Association for Trusted Blockchain Applications”, which will be based in Europe and will be open to any organisation willing to work on the deployment of blockchain and distributed ledger technologies to transform digital services.
The new association will work closely with the European Commission and with Member States grouped within the European Blockchain Partnership in supporting interoperability, developing specifications, promoting standards and regulatory convergence to support the development and exploitation of innovative blockchain technologies.
The Director-General for Communications Networks, Content and Technology, Roberto Viola, said: “What makes this association special is its focus on promoting trust in blockchain technology among public authorities and citizens. This association can also now become a natural interlocutor for all the regulators at EU and national level, for instance on standards and regulation. It will also be able to communicate with citizens about blockchain, a technology which should not be associated with obscure cryptocurrencies but with transparency traceability and a secure environment”. To read the Commission’s press release in full, click here.