Europe is considering blockchain technology to simplify bureaucratic procedures in its 27 member states.
From 2024, the European Commission will aggressively advocate for sustainable technology applications, such as distributed ledger technologies. Following this action, the Commission wants to stimulate innovation and encourage responsible use.
Europe Pushes Blockchain Agenda
With this in mind, the ultimate goal is to increase administrative efficiency, attract more businesses and improve crisis management.
In an important step, the EU has allocated a significant €11.2 billion for digital services and the digitalisation of business and public administration. This funding is part of the larger €39 billion budget for the EU’s broader digital transition agenda.
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One primary goal is to equip EU citizens with a digital identity wallet for secure administrative data storage.
Furthermore, the European Commission actively encourages Member States to join the European Digital Infrastructure Consortia. Essentially, these are political groups from EU countries committed to advancing the bloc’s digital agenda.
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Pearse O’Donohue, the director for future networks, recently announced that the EU is approaching the final stages of creating an EU-wide blockchain service infrastructure. Following this announcement, it was clarified that the government will manage this infrastructure. The ultimate goal of this initiative is to unite blockchain communities across the continent.
O’Donohue said:
“We are now finalizing an EU-wide infrastructure for blockchain services, which will be under the responsibility of public authorities as organizers that will bring together the blockchain communities.
Movements will stimulate cooperation between countries
The Commission recently implemented a new Communication on Improving the European Administrative Space (ComPAct). This initiative proposes actions aimed at providing governments with the necessary instruments. This allows them to better meet the needs of people and businesses across Europe.
The European Commission’s three-phase approach to improving public administration.
ComPAct embodies the Commission’s comprehensive action plan to modernize national administrations and improve cooperation between countries. The Commission proposes 25 actions to strengthen cooperation in public administration, increase digital capacity and encourage green transformation.