Seven southern European Union member states have published an announcement asking for help in the promotion of Distributed Ledger Technology’s (DLT) usage in the region.
This is according to a report from the Financial Times (FT).
The declaration was sparked by Malta and signed by six other member states, France, Italy, Cyprus, Portugal, Spain and Greece, during a gathering of EU transport ministers in Brussels earlier in the week.
The participating governments said that DLT – one type of which is blockchain – could possibly be a “game changer” for southern EU economies.
Namely, the document emphasized “education, transport, mobility, shipping, Land Registry, customs, company registry, and healthcare” as services which can be “transformed” by this nascent innovation. The group also added blockchain tech’s use for safeguarding citizens’ privacy and making bureaucratic procedures more efficient.
The report notes that this technology has potential that goes beyond digital government services:
“This can result not only in the enhancement of e-government services but also increased transparency and reduced administrative burdens, better customs collection and better access to public information.”
- Hyundai Commercial Works With IBM for Blockchain Development 15 February 2019
- SEC Begins Review of NYSE Arca’s Bitcoin ETF Rule Change 15 February 2019
- Government Involvement Key to Crypto’s Success, Says Terry Duffy 15 February 2019
- Bradesco Closes Accounts of Local Crypto Exchange and Owners 15 February 2019
- JPMorgan Chase to Introduce “JPM Coin” 14 February 2019
Blockchain4 days ago
Santander Reaches $700 Million Deal to Use IBM’s Blockchain Tech
Cryptocurrency6 days ago
Crypto Could “Challenge Any Framework,” Says Financial Stability Board
Blockchain5 days ago
Blockchain Can Make Government “Incapable of Being Bribed” Says Overstock CEO
Cryptocurrency4 days ago
JPMorgan Chase to Introduce “JPM Coin”