Europe is one of the world’s leaders in the development of blockchain technology, with large amount of blockchain start-ups of the world.
On 21 April 2018, European Blockchain Partnership (EBP) was established for development of European Blockchain Services Infrastructure (EBSI).
EBSI is a joint initiative from the European Commission and the EBP to deliver EU-wide cross-border public services using blockchain technology. Four initiatives are being developed within the framework of the EBSI: notarization, diplomas, European self-sovereign identity, trusted data sharing.
In 2018 EU Blockchain Observatory and Forum was established to accelerate blockchain innovation and the development of the blockchain ecosystem within the EU, and so help cement Europe’s position as a global leader in this transformative new technology. Its tasks:
The European Commission also established a program called “Block.IS” to accelerate the use of blockchain technologies in food, logistics and finance sector. Small and medium-sized enterprises, as well as IT companies are welcome to submit their ideas for the use of blockchain in one of mentioned sectors. The best ideas are offered support in three levels from development to commercialization of the idea. The maximum amount of funding that companies can receive for their idea realization is EUR 60 000. For example, Latvian data storage platform “Failiem.lv” have received EU support via this program in order to implement blockchain solutions into their business processes.