20 July 2017
download the report now

EC plans blockchain 'observatory'

21 April 2017  |  18561 views  |  0 EU flag

The European Commission is pumping EUR500,000 into a blockchain and distributed ledger technology 'observatory' and forum to help it build up its knowledge and expertise on the subject.

The Commission says that the hub will work to become an expertise centre where forward-looking topics on blockchain are discussed and potential use cases are developed at EU level.

This will then feed into helping the EC understand what role - if any - authorities should play to encourage the development and uptake of these technologies and to formulate related policy recommendations.

With a two year budget of EUR500,000, the Commission is launching a call for tender for a services contract to set up the observatory.

The observatory is part of a wider EC fintech and DLT project outlined last month. The organisation is understood to be pondering the adoption of an EU-wide licence for tech companies in the FS sector to operate across Europe. Other options on the table include the creation of a regulatory framework and sandbox environment covering the entire Union.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

DLT still not mature enough says ECB

DLT still not mature enough says ECB

12 April 2017  |  15725 views  |  2 comments | 31 tweets | 30 linkedin
European Commission opens public consultation on fintech

European Commission opens public consultation on fintech

23 March 2017  |  23012 views  |  0 comments | 56 tweets | 32 linkedin
European Commission sets up fintech task force

European Commission sets up fintech task force

17 November 2016  |  14842 views  |  0 comments | 38 tweets | 44 linkedin
EC offers cash for fintech study

EC offers cash for fintech study

26 July 2016  |  8327 views  |  0 comments | 18 tweets | 7 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.www.fisglobal.comvisit www.worldpaymentsreport.comvisit vasco.com/news/PSD2-compliant-solutions

Top topics

Most viewed Most shared
German fintech factory FinLeap raises EUR39 millionGerman fintech factory FinLeap raises EUR3...
12294 views comments | 19 tweets | 15 linkedin
EPC gears up for pan-European instant paymentsEPC gears up for pan-European instant paym...
9615 views comments | 10 tweets | 28 linkedin
Man trapped in ATM slides 'help me' notes through receipt slotMan trapped in ATM slides 'help me' notes...
9512 views comments | 8 tweets | 20 linkedin
Festy unveils digital currency payments wristbandFesty unveils digital currency payments wr...
8988 views comments | 11 tweets | 7 linkedin
Mastercard to buy AI outfit BrighterionMastercard to buy AI outfit Brighterion
8414 views comments | 14 tweets | 20 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job