A number of 22 countries from the European Union (EU) have signed a declaration regarding the creation of a European Blockchain Partnership.
The European Commision announced that the partnership would become a tool for cooperation between the member states which will allow to “exchange experience and expertise in the regulatory fields.”
A vehicle for cooperation amongst Member States to exchange experience and expertise in technical and regulatory fields and prepare for the launch of EU-wide blockchain applications across the Digital Single Market for the benefit of the public and private sectors.”
The leaders of the commission have declared that with this new partnership Europe will become an essential voice in the development and implementation of blockchain technologies, according to Sputnik.
The countries which have signed the declaration for blockchain are, Austria, Belgium, Bulgaria, Czech Republic, Estonia, Finland, France, Germany, Ireland, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom.
Europe the Cradle of Blockchain
In the past years, Europe has become one of the favorite playgrounds for blockchain developers and companies. Recently the Japanese exchanges have started to expand toward Europe, while the Chinese crypto miners have found in the North of Europe a great environment to develop their businesses.
Also, the Zug County from Switzerland, a small town of 30,000 inhabitants located in the canton with the same name, has become the “Crypto Valley.” The village is hosting some of the biggest names in the crypto industry and has become a start-up factory.
It includes the Ethereum Foundation, the NGO that promotes the development of the blockchain with the same name worldwide. About a quarter of the ICOs were carried out in Switzerland, according to the firm PwC. And of the top 10, four of them are Zug start-ups.
As we have reported earlier this year, almost $1.76 billion was raised by European initial coin offerings in 2017. Also, Europe was very well positioned in fundamental technologies with more than $3.5 billion invested in tech companies.