European Union launches venture capital programme to boost start-up growth

12 Апреля, 2018, 00:25 | Author: Genevieve Gibbs
  • Aquaculture and fish farms must adapt to the changing sea conditions of climate change. Image credit- Ferit Rad from Mersin University

Giving the opening speech at the EC's Digital Day in Brussels, Ansip urged Europe to take advantage of the opportunity presented by blockchain technology to make innovations that will drive the continent forward.

European countries sign agreement on blockchain partnership creating the path for an EU wide Digital Single Market to promote the new technology.

While the citizens' request to ban glyphosate was rejected by the commission and European Union member states on the basis of scientific considerations which said it was safe, the commission said it wanted to honour citizens' concern that there was not enough transparency on scientific studies used to approve agri-food products.

22 European countries, including the United Kingdom, signed a Declaration on European Partnership on Blockchain .

The event highlighted how blockchain will work with other next-generation technologies to create a more digitally friendly and capable Europe.

The afternoon was partially devoted to the Blockchain Partnership Initiative, which was featured in a session devoted to ensuring Europe "seizes all the opportunities offered by a transformative blockchain ecosystem".

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The partnership is tasked with allowing member countries to share experience and expertise in the emerging technology in order to create a path for a Digital Single Market that will benefit the private and public sectors.

The Commission's release states that "the Partnership will contribute to the creation of an enabling environment, in full compliance with European Union laws and with clear governance models that will help services using blockchain flourish across Europe". The technology is already being successfully tested, mostly in financial services, and will become more operational and integrated into increasing number of digital services, such as regulatory reporting, energy and logistics in the coming years.

Welcoming the signing of the declaration, Mariya Gabriel, Commissioner for Digital Economy and Society, said: "In the future, all public services will use blockchain technology".

"The Partnership launched today enables Member States to work together with the European Commission to turn the enormous potential of blockchain technology into better services for citizens", Gabriel added.

The European Commission and the European Investment Fund (EIF) have launched a venture capital programme aimed at resolving the size problem that has deterred many investors from allocating to the asset class. He urged member states to support the European tech sector "both politically and financially".

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