EU Unveils Blockchain Infrastructure to Enhance Data Transfer Among Member States
CryptoNewsTerminal Staff21 May, 2024
EU Unveils Blockchain Infrastructure to Enhance Data Transfer Among Member States
The European Union (EU) has initiated a groundbreaking project named "Europeum" to establish a robust blockchain infrastructure. This initiative aims to streamline data storage and enhance the data transfer landscape among its 27 member states. During a recent EU Council of Transport, Telecommunications and Energy meeting held in Brussels, Belgium, this agenda item was approved. Ten member states have enthusiastically signed on to the "Europeum" project, recognizing the transformative potential of blockchain technology. "Europeum will profoundly impact the lives of European citizens," remarked Mathieu Michel, Belgian Minister of Digitalization and the project's lead advocate. "This blockchain infrastructure will positively influence both individuals and businesses." The EU's adoption of blockchain technology underscores the bloc's commitment to innovation and digital transformation. The implementation of this ambitious project is expected to revolutionize the way data is managed and shared within the European Union, fostering greater transparency, efficiency, and security.
