How European governments can benefit from blockchain - and it has nothing to do with cryptos

 

The European Union has made no secret of its ambitions to thrive on the global tech scene, particularly when it comes to blockchain.

The bloc wrapped up its blockchain week on Friday, which was hosted in Slovenia and showcased how blockchain and artificial intelligence (AI) can bolster the EU’s ambitions in its European Green deal and Digital transition.

And just last week, the EU announced it would invest in blockchain, data infrastructure and high-performance computing, which comes as part of its multi-billion-euro plan to develop technology across its member states.

The European Union has made no secret of its ambitions to thrive on the global tech scene, particularly when it comes to blockchain.

The bloc wrapped up its blockchain week on Friday, which was hosted in Slovenia and showcased how blockchain and artificial intelligence (AI) can bolster the EU’s ambitions in its European Green deal and Digital transition.

And just last week, the EU announced it would invest in blockchain, data infrastructure and high-performance computing, which comes as part of its multi-billion-euro plan to develop technology across its member states.

What is blockchain?

When thinking about blockchain, the word Bitcoin normally doesn’t come far behind. But blockchain is not just for trading cryptocurrencies.

Blockchain is actually the shared ledger that allows the process of recording transactions and tracking assets.

Continue reading: euronews