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    Home > Chemicals Industry > International Chemical > The European Commission is exploring broader use of blockchain in various fields

    The European Commission is exploring broader use of blockchain in various fields

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    The European Commission has launched a new initiative to explore broader blockchain uses
    in various fields.

    The European Commission is exploring broader use of blockchain in various fields

    Blockchain technology, distributed throughout the network to store blocks of information, is expected to impact digital services and business models
    in areas including energy, insurance, finance, and healthcare.

    Blockchain technology is seen as a major breakthrough because it brings a high level of traceability and security
    for online economic transactions.

    The new Blockchain Watch and Forum will gather information, monitor and analyze trends, address challenges and explore the socio-economic potential
    of blockchain technology.

    It also aims to enable cross-border cooperation for practical use cases, bringing together the best European experts
    .

    Andrus Ansip, Vice President of Digital Single Market, said: "Technologies like blockchain can help reduce costs while improving trust, traceability and security
    .
    By guarding against attacks and eliminating the need for any middlemen, they have huge potential to make social and economic transactions more secure
    .
    We hope to make Europe a world-leading region
    for developing and investing in blockchain with a large talent base and excellent startups.

    The European Commission has launched a new initiative to explore broader blockchain uses
    in various fields.

    Blockchain

    The European Commission is exploring broader use of blockchain in various fields

    The European Commission is exploring broader use of blockchain in various fields

    Blockchain technology, distributed throughout the network to store blocks of information, is expected to impact digital services and business models
    in areas including energy, insurance, finance, and healthcare.

    Blockchain technology is seen as a major breakthrough because it brings a high level of traceability and security
    for online economic transactions.

    The new Blockchain Watch and Forum will gather information, monitor and analyze trends, address challenges and explore the socio-economic potential
    of blockchain technology.

    It also aims to enable cross-border cooperation for practical use cases, bringing together the best European experts
    .

    Andrus Ansip, Vice President of Digital Single Market, said: "Technologies like blockchain can help reduce costs while improving trust, traceability and security
    .
    By guarding against attacks and eliminating the need for any middlemen, they have huge potential to make social and economic transactions more secure
    .
    We hope to make Europe a world-leading region
    for developing and investing in blockchain with a large talent base and excellent startups.

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