The EC has set up the Blockchain Observatory and Forum, which will monitor blockchain developments and ensure EU organisations are engaged in the industry. Andrus Ansip, vice-president for the Digital Single Market at the EC, said blockchain can help reduce costs while increasing trust, traceability and security.
The EC is bringing all this activity under one roof through the Blockchain Observatory and Forum to avoid a patchwork of separate initiatives, said Mariya Gabriel, commissioner for the digital economy and society. “I see blockchain as a game-changer and I want Europe to be at the forefront of its development,” she said. “We need to establish the right enabling environment – a Digital Single Market for blockchain so that all citizens can benefit, instead of a patchwork of initiatives.”
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