Digital Day 2018 Highlights EU Blockchain Partnership Initiative

12 April, 2018, 00:27 | Author: Edward Snyder
  • Digital Day 2018 Highlights EU Blockchain Partnership Initiative

EC vice-president Andrus Ansip underlined blockchain technology among "the areas where Europe is best positioned to play a leading role" alongside artificial intelligence (AI).

Further, the EC announced that it will form a European Blockchain Partnership to "promote interoperable infrastructures", though no further details are available at this time.

The event highlighted how blockchain will work with other next-generation technologies to create a more digitally friendly and capable Europe. Post-withdrawal from the EU may mean that actually, we are required to leave the partnership, this seems unlikely however as honestly, there would have been no point in signing up from the outset, therefore I expect that this has already been discussed and a contingency plan to keep the United Kingdom as a part of the European Blockchain Partnership is already in place.

The afternoon was partially devoted to the Blockchain Partnership Initiative, which was featured in a session devoted to ensuring Europe "seizes all the opportunities offered by a transformative blockchain ecosystem". The EU Blockchain Observatory & Forum was initiated in February 2018 to accelerate the implementation of distributed ledger technology (DLT) across Europe.

Digital Day 2018 was held yesterday, and the European Commission lead the signing of a Declaration which constructs a European blockchain partnership made up of 22 European countries.

The collaboration is aimed to avoid "fragmented approaches" to the technology by sharing technical and regulatory expertise among member states, as well as creating ways to promote blockchain applications across the EU-wide Digital Single Market.




Blockchain, it is suggested, makes it possible to share on-line information, agree on and record transactions in a verifiable, secure and permanent way.

"The Partnership launched today enables member states to work together with the European Commission to turn the enormous potential of blockchain technology into better services for citizens".

Earlier in February, the EC launched the EU Blockchain Observatory and Forum and has already invested more than Euro 80 million in projects supporting the use of blockchain in technical and societal areas. The press release states that the EC has now invested more than 80 mln euros in blockchain projects already and now has 300 mln euros to be distributed to blockchain development by the year 2020.

In a speech centered on digitization, a vice president of the European Commission - the executive arm of the European Union - pinpointed blockchain technology as an area that EU nations ought to be committing to.

"In the future, all public services will use blockchain technology".

Recommended:

  • Syria says suspected United States  missiles fired at air base; Washington denies strike

    Syria says suspected United States missiles fired at air base; Washington denies strike

    At least 14 people have died following missile strikes on a Syrian military air base in Tayfur, near the city of Homs. He said the Russian military visited the site of the suspected attack and found no traces of the chemicals.
    Lewis Hamilton given grid penalty for Bahrain GP

    Lewis Hamilton given grid penalty for Bahrain GP

    French rookie Pierre Gasly took a stunning fourth place for the Honda-powered Toro Rosso team ahead of Kevin Magnussen of Haas . Sebastian Vettel claimed pole position for the Bahrain Grand Prix after pipping Ferrari teammate Kimi Raikkonen by 0.143s.
    Facebook is Giving Us the Messenger Feature We've Always Needed

    Facebook is Giving Us the Messenger Feature We've Always Needed

    Hearings over the issue are scheduled in the US , and the European Union is considering what actions to take against the company. A Facebook spokesperson confirms that the social network has informed the government about a new slew of privacy measures.
  • CWG 2018: Indian men's TT team in final, assured of silver

    CWG 2018: Indian men's TT team in final, assured of silver

    Men's team also didn't stay too far behind as they beat Nigeria in the final to present India its ninth gold in the Games. In the opening singles match, Sharath Achanta defeated Bode Abiodun in four games with Abiodun winning just one set.
    Architects of Good Friday Agreement mark 20th anniversary

    Architects of Good Friday Agreement mark 20th anniversary

    He also urged the people of Northern Ireland to "inspire" again and ensure that the next generation is also free to enjoy peace. Mr Clinton and Mr Mitchell will later receive freedom of Belfast awards at a special ceremony at the Ulster Hall.
    Warriors waive Omri Casspi after injury

    Warriors waive Omri Casspi after injury

    The move practically locks in guard Quinn Cook into the Warriors final playoff roster spot, though it isn't official just yet. Omri Casspi , the first Israeli to play in the National Basketball Association, was waived by the Golden State Warriors .
  • Transgender weightlifter Hubbard says injury career-ending

    Transgender weightlifter Hubbard says injury career-ending

    The athlete, who is the top-ranked female weightlifter in the world, became the first trans sportsperson to represent her country. Not one of the additional lifters, including Australia's Deb Loveley-Acason, acquired everywhere near Hubbard'therefore indicate.
    Man gets bad  headaches after eating world's hottest chili peppers

    Man gets bad headaches after eating world's hottest chili peppers

    Over the next few days he suffered thunderclap headaches , with excruciating pain that eventually sent him to the emergency room. The Carolina Reaper is the stuff of internet legend, from ghastly YouTube videos to testimonials in gourmet cooking magazines.
    CWG 2018: Vikas Thakur settles for bronze in men's 94kg weightlifting

    CWG 2018: Vikas Thakur settles for bronze in men's 94kg weightlifting

    On Saturday, weightlifters Sathish Kumar Sivalingam and Rahul Venkat Ragala added to medal haul by winning gold medals. Bhaker fired a total of 240.9 to claim gold , setting a new Commonwealth Games record in the category.
  • John Krasinki and Emily Blunt Welcome Ryan Reynolds to Their Family

    John Krasinki and Emily Blunt Welcome Ryan Reynolds to Their Family

    The Ted Kennedy scandal pic Chappaquiddick from Byron Allen's Entertainment Studios, opened to $6.2-M from 1,560 theaters at #7. The film is able to transition from calm and quiet to anxious and intense to emotionally heartbreaking, really well.
    One sentence from Mourinho inspired United's comeback

    One sentence from Mourinho inspired United's comeback

    Pogba's agent Mino Raiola told BBC Sport he did not speak to Guardiola but did not deny telling City of the players' availability. And at the heart of all of United's struggles was £89m man Paul Pogba .
    YouTube set to tighten security worldwide in the wake of headquarters  shooting

    YouTube set to tighten security worldwide in the wake of headquarters shooting

    During her 20-minute interview with officers, Nasim Aghdam said she was having family problems and had left her home, police said. Caldwell declined to identify the range but said employees contacted police after the shooting to report she had practiced there.


Popular

Confounding Stock: Exxon Mobil Corporation (NYSE:XOM)
Societe Generale reissued a "buy" rating and set a $87.00 price target on shares of ExxonMobil in a report on Tuesday, March 13th. Total volume is the number of shares or deals that point towards the overall activity of a security or market for a given period.

Narendra Modi visits Bihar, talks about projects to promote cleanliness
The PM pledged to fulfil the sanitation dream of the Father of the Nation and make banks of the Ganga open-defecation free. They feel if the poor are strengthened, then they (opposition) will not be able to speak lies.

Google moves NCLAT over Rs 120-cr antitrust fine
Google Flights offers travellers the ability to quickly explore destinations and find the best flights at affordable prices. Google has filed the appeal with the National Company Law Appellate Tribunal ( NCLAT ).

Yohan Blake fails to win 100m gold medal at Commonwealth Games
Simbine took a surprise victory in 10.03sec, leading a South African one-two as Henricho Bruintjies took silver in 10.17. After crossing the line, the 31-year-old did two push-ups on the track and grinned at the TV camera.

Assemblywoman Shavonda Sumter on Equal Pay Day
Also, employers would be prohibited from cutting the wages of higher-paid staff in order to make salaries comparable. The sources asked for anonymity because they are not authorized to speak publicly about the matter.

More National Guard Troops Heading to Texas-Mexico Border
In California, Brown's spokesman, Evan Westrup, said Monday that state officials are still reviewing Trump's troop request. Rios said the added troops are unnecessary and that arrests at the U.S. -Mexico border are at an all-time low.

Ohtani homers in third straight game, matches Babe Ruth
It was a rough game overall for the Athletics and Chapman just happened to run into the red-hot Ohtani at the wrong time. The Angels (6-2) will try to maintain their April pace against a pitcher they struggled against early last season.

Marcelo Produced The Filthiest Touch Of The Season in Madrid Derby
This was yet another performance that showed exactly why he has been attracting admiring glances from around Europe. Griezmann equalised for the visitors four minutes later after poking the ball into the net from inside the box, 1-1.

Exiled Catalan ex-leader Puigdemont hopes to return to Belgium
However, Puigdemont may yet face extradition on separate charges of misusing government funds during his time in office. Several ministers of the former Catalan government were arrested, while Puigdemont fled to Belgium to avoid arrest.

Amit Shah, PM Modi only non-animals in country, says Rahul Gandhi
This will be Rahul's second visit to Amethi after becoming Congress chief. "There are only two non-animals in this country". Referring to Mahatma Gandhi's "million mutinies", he said that today, there were a million mutinies in India.