Cryptocurrencies
European Union Makes Bid to Board Blockchain Bandwagon
- Blockchain observatory and forum to aid technology development
- Consensys to work with EU to gather information, find uses
Bitcoin: What’s Coming in the Year Ahead
This article is for subscribers only.
The European Union is making a bid to board the blockchain bandwagon, with a new initiative that may explore broader uses of the technology beyond its original role in bitcoin markets.
A blockchain observatory and forum should "play an active role in helping Europe to seize new opportunities," the European Commission said Thursday in an emailed statement. Consensys, a developer of blockchain applications, will work with EU officials to gather information, analyze trends, bring experts together and find new uses for the technology.