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Europe with European Blockchain-partnership Serious case of Distributed Ledger technology

10. April 2018 have joined the 21 member States of the EU (plus Norway), to call the European Blockchain-partnership (EBP). Among the associated Nations, includ

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Europe with European Blockchain-partnership Serious case of Distributed Ledger technology

10. April 2018 have joined the 21 member States of the EU (plus Norway), to call the European Blockchain-partnership (EBP). Among the associated Nations, including Britain, France, Germany, Sweden, the Netherlands and Ireland. Together we would like to cooperate", a European infrastructure for Blockchain-Service (EBSI), which is intended to promote the cross-border exchange of digital services, with the highest Standards for security and privacy."

Since April, five more countries have acceded to the agreement, and the youngest member of Italy is that his accession, in September, signed. First task is for the newcomers to make it to the end of 2018 "a series of cross-border services in the public sector, referring to that could be handled by the infrastructure of the European Blockchain".

Through the use of Distributed Ledger technology (DLT) is hoping the partnership, international services – for example, those that have to do with logistics and information disclosure and to make safer and more efficient. However, it approaches this target has been far too slow, since the member States have so far held only three Meetings. Nevertheless, it remains ambitious, the European Commission with Cointelegraph, the European infrastructure for Blockchain-Service (EBSI) should be the "gold standard" for large-scale DLT systems.


at The present time, the actual Mission of the partnership is, however, still vague. Although it had agreed in April that it wants to focus on international Blockchain-services in the public sector, there is still no solid agreement about which specific services are meant. Pēteris Zilgalvis, head of Digital Innovation in the EU Commission explains this as follows:

"the Mission of The partnership is set out in the Joint Declaration of intent and according to this we need to have until the end of the year, something to show for it. In the Declaration, the signatory countries commit themselves, both among themselves and with the EU Commission to work together to develop a Blockchain infrastructure (EBSI), which allows for the exchange of digital public services. At the moment we are still working on the exact Definition of this service infrastructure (EBSI).“

in Short, the member States are currently in a very early phase of the negotiations about which Blockchain-to be developed-based public services. However, Zilgalvis says to Cointelegraph that the floor plan until the end of the year, which is the Foundation for the actual work and any start-up is placed.

"As in the Declaration of intent described, is to work out the partnership until the end of 2018, a number of options for the application of EBSI. In addition, the technical specifications should be defined, as well as rules for the administration of the EBSI.“

the world-wide Blockchain model

Accordingly, the partnership for the Rest of the year has enough to do, however, are planned in this period, only three more Meetings, all the important Details. According to Kimmo Mäkinen, emissary of Finland and consultant for digitalisation in the public sector, "the third Meeting" on 17. September. To Cointelegraph, he says that "the main theme is the discussion of various application opportunities, which have been proposed by member States and the Commission."

On the question of whether the partnership may determine until the beginning of 2019, all important parameters, responds Mäkinen evasively: "at the end of the year, we have three monthly Meetings, in which we do not need to agree only on the respective application, but also in terms of the technical specifications and the model of management of the EBSI, a consensus must be found." To this end, he notes that the phrase "indicates only" to the fact that the partnership until Christmas, has a very large work order.

Although you can present after three Meetings, although hardly any results, these Meetings still positive overall, because of the strong interest of member States in Blockchain technology. So Pēteris Zilgalvis:

means "At the Meetings we have noticed that the members were very keen to join forces, to bring the EU to the top of the Distributed Ledger technology. In this case, the Digital single market and the EBSI important roles to play in order to achieve this goal.“

In fact, it seems that the European block Chain partnership is an Instrument of the EU Commission, in order to become the world market leader in the DLT.

"in the long term, we want the EBSI is a world-wide model for trusted Blockchain infrastructure," says Zilgalvis openly. "An infrastructure, which is a gold standard, and of several part-owners is managed, is transparent, at the same time the highest standards of cyber-security and energy-efficiency is sufficient for a wide range of application possibilities for scalable, high frequency and speed has long-term availability of services is guaranteed, the eIDAS* System integrates fully with EU directives on data protection consistent."

Even if the partnership has so far produced nothing concrete, it is still a Symbol of the trust in the Blockchain technology. To address this, to develop in the intention of a "powerful" Blockchain, shows that the 27 member States have known to be effective for DLT, and an actual Use in the application of see.

Each country has, of course, is also a self-interest in the Blockchain, for various reasons, what is the technology reaffirms, in turn, as a future model for problem solutions. "Finland is curious in view of the new possibilities that the Blockchain technology offers," says Kimmo Mäkinen, "so we can determine a cross-border basis the authenticity of documents, exchange data and personal information to manage."

implementation from 2019?

can not be doubted Though, that the members of the partnership work seriously on the implementation, the question remains open nevertheless, the question of when the actual implementation of the platform begins. Even if there is, in this respect, no precise information can be Zilgavis leakage that it is in the next year, the first projects could be:

"These provisions [of the technical and functional specifications, form of government] will be negotiated by the political representatives of the signatory countries, and once that is done, you can focus the partnership in 2019 on the implementation."

of Course, the roadmap is very ambitious, but even if there are still some differences of opinion between the members, the target of 2019 is an indicator that the Nations of the partnership are on the same denominator when it comes to the Blockchain. The partnership needs to implement your project and the Blockchain-based infrastructure to implement, then this is a very positive sign for the adoption of the Blockchain in the wider society. The innovation adoption in Europe under a good star.

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