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.
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.