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EU States Sign Declaration to Endorse Use of Blockchain

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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.”

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