European Parliament Calls for Blockchainize Trade

European Parliament Calls for Blockchainize Trade

Brussels is calling the Commission to act and to promote blockchain in trade across the European Union according to a resolution adopted this week. Euro-parliamentarians want officials to work, develop, built networks and legal frameworks to blockchainize trade.

The European Parliament resolution of 13 December 2018 on Blockchain: a forward-looking trade policy looks for the European Commission to work to expand Blockchain applications into the EU free trade agreement and the common area. So countries will be able to improve the exchange between each one and with other states on the planet.

Blockchain technology can be applied for governments to develop a more accessible and more efficient way of sharing and storage legal documents and to implement platforms that enhance trade and exchange of information.

Parliamentarians call “on the Commission to take the lead in the assessment and further development of blockchain technologies, including in specific sectors, such as those covered by the EU’s trade policy,” says the resolution, “and to set up an advisory group on blockchains, which should include experts on anti-money laundering, tax evasion, data protection and organised crime.”

The European Union as a leader in Blockchain

It also calls the European Union and member states to “play a leading role in the process of standardisation and security of blockchain.”

The document invites the Commission to elaborate a strategic document with appropriate directions on adopting blockchain technology in trade, supply chain management and intellectual property.

The whole idea for the resolution is to promote the European Union as a leading actor in blockchain and new technologies and international trade.

The resolution came following the Euro-Mediterranean countries joint declaration about the use of blockchain to transforms their economies signed two weeks ago by Italy, Spain, France, Malta, Cyprus and Portugal.

Recently Similar News

cex-promotion etoro-promotion

Latest Guides

Latest News

Fiat,Kraken,Pairings,Updates

Kraken Add and Remove Trading Pairs

The team at Kraken has been adjusting the pairs available on their platform with some new ones added and some old ones removed. The pairs available will become available as of next Thursday, 19th December, when in total 10 new pairs will become available and 5 others will be discontinued on the platform. However, this […]

15 December, 2019
BitPanda,Listings,Tokens,Use Cases

BitPanda List Chiliz (CHZ) & Celebrate With Competition

BitPanda has added the latest trading possibility to their platform Chiliz (CHZ) and you can win yourself some prizes that include VIP experiences at some top European football events by investing. With each passing day, more and more tokens are attempting to break into what is becoming a fairly saturated market. With this considered, the need for […]

14 December, 2019
Exmo,IEO,Social Media,Tokens

Latest EXMO IEO Sells out in 30 Minutes

This week saw the latest IEO from EXMO for the token Heartbout which proved successful selling out in 30 minutes. This is the latest in a long line of successful IEOs hosted by the platform which includes ZigZag and of course, their own native token, EXM. As such, they have continued this good form with […]

13 December, 2019
Cardano,CEX,Listings,Updates

Cardano (ADA) Goes Live at CEX

As previously reported, Cardano (ADA) was due to be listed on CEX. As of today (13th December, 2019), the popular crypto asset is now available for trade on the platform. Now that this has happened it means users can immediately begin to trade it via the ADA/USD pair that is now available on the platform. […]

13 December, 2019
Launch,Staking,Tezos,Up

Kraken Will Launch 6% Return Staking Tezos Tomorrow

Exchange platform, Kraken will be launching a “new best-in-class staking service” that promises 6% rewards by leveraging Proof of Stake (POS). By now, people are no doubt aware of the concept of staking as it quickly becoming the norm in the crypto industry for how cryptocurrencies are designed. This is as opposed to proof-of-work assets […]

12 December, 2019
Cardano,CEX,Investment,Listings

CEX Poised to List Cardano (ADA) on their Exchange

With just a few weeks left of 2019, there is still plenty of time for investment and users at CEX should have a new option by which to do so with news of this new listing. It may come as a surprise to some of you that Cardano (ADA) was not already listed on the […]

11 December, 2019
BaseFEX,Liquidation,Security,Updates

BaseFEX updates Risk Management Features

Exchange platform, BaseFEX have made their users aware of updates to an important area of their service, Risk Management. Any form of investment has inherent risk. The trick of the trade though is to ensure that the risk that is attached in minimised. At most exchange platforms, there will be risk management features that can […]

11 December, 2019
Exmo,Money Laundering,Security,Updates

EXMO Vows To Improve Transparency In 2020

It’s the end of the year and it is, of course, the time for New Year resolutions. Exchange platforms are no different and in their latest blog post, EXMO has outlined how they will be improving one area of their service. As per the exchange platform, the move going forward to make all aspects of […]

10 December, 2019