Vice-President of the European Commission: «the Blockchain is becoming mainstream»

In his speech on Tuesday, Vice-President of the European Commission Andrus Ansip (Andrus Ansip) stated that the technology of the distributed registry is one of the «areas in which Europe occupies a leading position.» He also added that the European countries need to invest more in your technology sector.

In his opening speech at the event Digital Day in 2018, organized by the European Commission in Brussels, Ansip has appealed to the EU representatives with a request to recognize that «the future of Europe in digital technologies and data storage.» He said

«The blockchain is becoming mainstream. As in the case with artificial intelligence, we should make the most of this new opportunity for innovation.»

Ansip mentioned the EU investments in the blockchain, as well as in the field of artificial intelligence and digital health, and noted that the EU could not provide sufficient funding on their own.

«We need more money,» he said, urging governments and the private sector to increase investments in the technological sector in Europe.

Two months ago, the EU began to pay more attention to research in the field of blockchain. In February, the Commission launched a Blockchain Observatory and Forum EU, in partnership with startup ConsenSys. The initiative has invested around 300 million euros to Finance the blockchain projects. In addition, the European Commission announced that it was to «promote interoperable infrastructures» will be created Blockchain European Partnership.

The event Ansip spoke about the EU investments in the blockchain and other new technologies in the context of the digital Single market with the aim of enhancing the regulatory structure of the EU in the technology sector. As part of this process of standardization — the General EU regulation on personal data protection, which will regulate the use of personal data of EU citizens, starting in may of this year.

«Digital single market creates the right conditions and infrastructure for the functioning of digital Europe,» said Ansip on Tuesday. «But it requires investment».

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