EU Launches Blockchain Observatory and Forum

The EU Blockchain Observatory and Forum will be gathering information, monitoring and analyzing trends, addressing challenges and exploring blockchains' socioeconomic potential 
02 February 2018   1149

The European Commission announced on February 1 the launch of the EU Blockchain Observatory and Forum with the support of the European Parliament to help the EU to stay at the forefront of blockchain technology. 

According to the announcement, the EU Blockchain Observatory and Forum will play an active role in helping Europe to seize new opportunities offered by blockchain, build expertise and show leadership in the field. It will be gathering information, monitoring and analyzing trends, addressing challenges and exploring blockchains' socioeconomic potential. 

It will also enable cross-border cooperation on practical use cases, bringing Europe's best experts together and promoting an open forum for blockchain technologists, innovators, citizens, industry stakeholders, public authorities, regulators, and supervisors, to discuss and develop new ideas in order to learn, engage and contribute in an open way, the Commission said.

I see blockchain as a game changer and I want Europe to be at the forefront of its development. We need to establish the right enabling environment - a Digital Single Market for blockchain so that all citizens can benefit, instead of a patchwork of initiatives. The EU Blockchain Observatory and Forum is an important step in that direction.

 

Mariya Gabriel

Commissioner for the Digital Economy and Society

The European Commission has partnered with ConsenSys, an ethereum startup, to support the Observatory's outreach in Europe following a call for tenders launched last year. It will work in close cooperation with Commission services to run the EU Observatory and Forum.

Sparkpool to Freeze $300k Reward

As reported, pool suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund
20 February 2019   68

The Sparkpool mining pool decided to freeze the remuneration in the amount of 2,103,1485 for the extraction of block # 7,238,290. The management of the organization suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund, CoinDesk reports.

The head of the Sparkpool Xin Xu argues that users of the pool understand and agree with the decision, given the size of the amount involved.

Unfortunately, and fortunately, blockchain is so far not completely run by machines; human are still involved. So we have an opportunity to correct the problem. Integrity is our pool’s priority.
 

Xin Xu

CEO, Sparkpool

While some users suggested that a large commission was paid by mistake, others admitted that this could be a goodwill gesture from an anonymous donor to the community of the miner or even an attempt to launder money through the blockchain cryptocurrency.