The EU budget amendment calls for a million-level block chain investment


nnIn the EU 2018 budget, the block chain project involved technical analysis of the EU Humanitarian Assistance, WiFi4EU Project, DLT Platform Development Company Investment Plan and Block Chain Technology Task Force. The current proposal involves at least a million euros. Using block chains to ensure that the EU funds are more transparent and traceable, citizens can also view each transaction in the chain.n
nTranslation: Annie_Xun
Investment in various projects of the four block chain-related amendments will enter the EU 2018 budget bill.n
Public documents revealed that the block chain as the EU free Wi-Fi networking project payment channels, while investing in two related technical working groups.n
There are two amendments to the addition of the block chain to the “WiFi4EU”, one from the Progressive Alliance of Socialists and Democrats, one from the Parliamentary Committee on Industry , Research and Energy). The party recommended a project allocation of 10 million euros, the Commission recommended 1 million euros.n
The purpose of the amendment is to test “the feasibility of showing the role of block chain technology in the interaction between EU institutions and citizens.”n
Budget document explanation:n
n”As a starting point, the project aims to support the Wifi4EU project’s flow voucher program with block-chain technology to ensure that the EU Fund is transparent and traceable to pay for the private sector that installs the Wifi4EU infrastructure, and it will provide citizens with the tools to check the transaction records It relies on software and seeks to work with member countries to provide block chain services (also known as ‘Govchains’).n
nWiFi4EU first announced in May, the budget is 120 million euros, the goal is the next three years free network coverage of the EU region.n
The 2018 budget also includes distributed book technology (DLT) recommendations for EU humanitarian projects to help companies and institutions to assist “migrants and displaced persons”. CoinDesk has reported that the European Parliament has upgraded the use case project.n
100 million euros investment target will include the project to help the EU DLT platform development company.n
Another one million euros will be used for the “Horizontal Task Force on Distributed Ledger Technology” to analyze how the parliament can effectively utilize DLT applications. The task force was first announced in 2015, was originally intended to observe the development of block chains and DLT platforms.n

Leave a Reply

Your email address will not be published. Required fields are marked *