European Commission eyes blockchain opportunity
Summary
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.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 technologies have huge potential for making social and economic transactions more secure online by guarding against an attack and removing the need for any middleman,” he said.“We want to build on Europe’s substantial talent base and excellent startups to become a leading world region that will develop and invest in the roll-out of blockchain.”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.