Belgium plans to accelerate the development of European blockchain infrastructure during its tenure as EU Council President in early 2024, according to the country’s government.
The proposal aims to facilitate the secure storage of official documents such as driving licenses and property titles.
Developing a public blockchain for pan-EU infrastructure is one of the incoming Belgian president’s four priorities, said Mathieu Michel, the country’s state secretary for digitalization: Tell “Science” | “Business”, November 21. The remaining three measures will address issues such as artificial intelligence (AI), online anonymity and the skills needed for the digital economy.
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Michel suggested reviving the European Blockchain Services Infrastructure (EBSI) project, which was established by the European Commission in 2018 in partnership with the European Blockchain Partnership and consists of 27 EU member states plus Norway and Liechtenstein:
“This is a technical project. If we want to build a common infrastructure, it has to become a European project and a political project.”
The updated EBSI, which will be renamed Europeum, will be used for public administration tasks such as validating driving licenses and other documents across the EU. Michel said the plan could also support digital euro infrastructure.
The official stated that it is important to use public blockchains developed by EU member states rather than private alternatives:
“Blockchain can give citizens control over the data that belongs to them in terms of security, transparency and privacy.”
Currently, Italy, Croatia, Poland, Portugal, Slovenia, Luxembourg and Romania have signed up to the European plan. The program will be headquartered in Belgium.
Regulatory integration around cryptocurrencies and blockchain is progressing steadily. In early November, 47 governments issued a joint commitment to “rapidly incorporate the Crypto-Asset Reporting Framework (CARF) – a new international standard for the automatic exchange of information between tax authorities – into their domestic legal systems.
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