Home » World

European Nations Form New Blockchain Partnership

12 April, 2018, 00:22 | Author: Kristen Ingram
  • EU Is a Digital Single Market possible

The announcement came after the speech of the EC's Vice President Andrus Ansip, in which he praised the nascent blockchain technology as well as artificial intelligence. "Whilst we have supported more than 500 funds to date, this is the first time that the European Union has created such a unique programme".

The website describes blockchain as a technology capable of promoting trust.

22 European countries, including the United Kingdom, signed a Declaration on European Partnership on Blockchain .

"For the Digital Single Market to work for people and business, to advance on our digital priorities, to make sure that Europe is a world digital leader: we need hard cash".

"In the future, all public services will use blockchain technology".

This approach should allow all members equal input to creating an enabling ecosystem that supports full compliance with European Union regulations and that will encourage blockchain based services to succeed across Europe.

European Commission cautious on elections in Hungary

The afternoon was partially devoted to the Blockchain Partnership Initiative, which was featured in a session devoted to ensuring Europe "seizes all the opportunities offered by a transformative blockchain ecosystem".

European Blockchain Partnership will be a "vehicle for cooperation among member states to exchange experience and expertise in technical and regulatory fields and prepare for the launch of EU-wide blockchain applications across the Digital Single Market for the benefit of the public and private sectors". The press release states that the EC has now invested more than 80 mln euros in blockchain projects already and now has 300 mln euros to be distributed to blockchain development by the year 2020.

The signatory states committed to collaborate on the secure and authorised access to national and regional banks of genetic data and other data relevant for health.

The Commissioner for Health and Food Safety, Vytenis Andriukaitis said, "I welcome this initiative connecting genomic and other health data across the European Union". "It adds to data capabilities of the European Reference Networks, who started clinical treatment and research of rare diseases towards the end of previous year, and improves clinical trials".

The EU will provide the first lump sum of €410 million, which will be made up of €67 million from the European Investment Fund, €200 million from the Horizon 2020 InnovFin Equity, €105 million from COSME and €105 million from the European Fund for Strategic Investments.

The six funds are to be managed by Aberdeen Standard Investments, Axon Partners Group, IsomerCapital, LGT, Lombard Odier Investment Managers and Schroder Adveq.

Recommended:

  • Apple co-founder Steve Wozniak leaves Facebook over privacy concerns

    Apple co-founder Steve Wozniak leaves Facebook over privacy concerns

    While Apple could of course make more money if it monetised its users, Cook states that they opted not to . In a goodbye message, he wrote: "It's brought me more negatives than positives".
    Hungary's election could produce record turnout -ruling party

    Hungary's election could produce record turnout -ruling party

    However, local media broadcast images of voters still queuing up to cast their ballots at a number of polling stations. Polls predicted the triumph of Orban's Fidesz party and its allied Christian Democratic People's Party (KDNP).
    One killed in Trump Tower fire, USA  president reacts

    One killed in Trump Tower fire, USA president reacts

    The president maintains the building's top three floors as his residential home. "The building sure stood up quite wall". Unfortunately, a resident in an apartment on the 50th floor was rushed to a nearby hospital where he was pronounced dead.
  • The Queen Cracks A Joke About Donald Trump In This New Documentary

    The Queen Cracks A Joke About Donald Trump In This New Documentary

    Sir David has since cheerfully admitted: "I couldn't find my glasses". Then, after a pause, she adds with a smile: "I won't be here though".
    Man City must move past United defeat quickly - Danilo

    Man City must move past United defeat quickly - Danilo

    But the England defender, who made amends with a brilliant strike after Paul Pogba's quickfire double, said: 'I owed them that. Ander Herrera has revealed how Michael Carrick helped inspire Manchester United's dramatic comeback against Manchester City .

    Journalist, Children Shot Dead by Israel: Who Is The Terrorist Now?

    She said live fire by Israel forces killed 16 people and reportedly wounded more than 1,000 others, many who were unarmed. The Israeli human rights group B'Tselem has called on Israeli soldiers to refuse to open fire on unarmed demonstrators.
  • G League call-up Andre Ingram scores 19 in National Basketball Association  debut for Lakers

    G League call-up Andre Ingram scores 19 in National Basketball Association debut for Lakers

    Ingram finished 6 for 8 from the field and 4 for 5 on 3-pointers along with three rebounds, three blocked shots and a steal. Ingram and his Lakers will wrap up the season this evening against the Clippers before officially beginning the offseason.
    Russian Federation  seeks to discuss spy poisoning with UK

    Russian Federation seeks to discuss spy poisoning with UK

    She is speaking, issuing statements and reportedly talking to relatives back home in Russian Federation on the telephone. Viktoria Skripal has said she wanted to visit Sergei and Yulia and has applied for a United Kingdom visa.
    Trump Tower Fire Kills One, Injures Four

    Trump Tower Fire Kills One, Injures Four

    Social media users slammed President Donald Trump for bragging about the sturdiness of Trump Tower in an utterly tone-deaf tweet . He was taken to the hospital in critical condition but later died, said spokeswoman Angelica Conroy of the Fire Department.
  • Real Madrid vs Juventus: Raphael Varane ready to partner Casemiro in defence

    With Cristiano Ronaldo on top form, Real are rightly favorites to progress to the semifinals. Perez added: "The great players of the past are Real Madrid's main assets".
    Anthony Rizzo: 'I want to play' in Cubs' home opener

    Anthony Rizzo: 'I want to play' in Cubs' home opener

    Nova allowed five runs in 5.1 innings against the Twins last time out, and he was tagged with his first loss of the season. Josh Harrison is 0 for 5 against Chatwood, while Gregory Polanco is 2 for 6, and David Freese is 3 for 9.
    Military Says Work Remains Against ISIS in Syria as Trump Urges Exit

    Military Says Work Remains Against ISIS in Syria as Trump Urges Exit

    However, US troops never were invited by the Syrian government and have been labeled as an occupying force. That has strained ties between the USA and Turkey, long-time North Atlantic Treaty Organisation allies.


Popular

Guardiola's worst week leaves work still to be done at City
I'm definitely confident that next season we can push everyone, even ourselves, to do better from the beginning to the end". Asked about Salah's clinching strike just after half-time, Klopp said: "We were already through the whirlwind".

Paul Ryan to retire at end of 2018
He continued: "But the truth is it's easy for it to take over everything in your life and you can't just let that happen". We have no respect for Ryan because as the Speaker he is supposed to be one of the checks on the power of President Trump.

CWG 2018: Shooter Ankur bags bronze in men's Double Trap
Scotland's David McMath claimed the gold medal with a Games record 74, while the silver went to Tim Kneale (70) of Isle of Man. Ankur Mittal settles for the bronze medal in double trap men's finals event on day seven of Commonwealth Games 2018.

UCL Preview: Bayern Munich v Sevilla
Their bid to complete an unlikely comeback will be boosted by the return of Banega, who missed the home leg through suspension. However, David Alaba and midfielder Arturo Vidal have been ruled out of the fixture.

Roma knock Barca out of UCL with stunning comeback; Liverpool into semis
It was Roma's first entry to the semifinals of the Champions League since 1982/83 season. The result shattered Ernesto Valverde's hopes of lifting the treble.

Oil Rises on Possible Trade Agreement
The United States late past year overtook top exporter Saudi Arabia as the world's second biggest crude producer. Previous US sanctions has already hit Iran's production by more than 1.2 million barrels per day (bpd).

Max Verstappen responds to Lewis Hamilton's 'dickhead' comment
Lewis is a hard racer. "People turn on the TV to see how their fight turns out", he was quoted by PaddockTalk . I don't know what Lewis did, but we've all been in that situation".

Governor REFUSES to Send National Guard to Border — WEST COAST CHAOS
It is not the firm time troops have been sent to the US' southern border . Jerry Brown (D) on Thursday in hopes of getting his support.

Bus headed to Masters crashes in Georgia; 9 injured
The bus was en route to the world-renown golf tournament, which started at the Augusta National Golf Club Thursday morning. Thursday, just as fans were driving in for the tournament's first round, the Georgia State Patrol said.

Can you watch Davis Cup on TV or online?
Rafael Nadal won his first singles match on his return to Davis Cup action with Spain on Friday. Sam Querrey then claimed a straight sets 6-1, 7-6, 7-5 success against Reuben Bemelmans.