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Blockchain innovation in Europe

Blockchain innovation in Europe

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SUMMARY

This research on the state of blockchain innovation in Europe at present explores the strengths and disadvantages of this technology in the EU and includes recommendations regarding the priorities that Europe should set about this technology.

The paper takes a look at the many efforts to promote blockchains at the institutional level by the European Union. The European Union blockchain observatory and forum is among the many efforts to foster this technology in the EU.

From the business perspective, the report mentions that around 25% of the global blockchain start-ups are based in Europe. The UK has the largest number of them. These start-ups belong to many relevant industries, including supply chain, logistics, entertainment, gaming, infrastructure, exchanges, payments, and financial services.

However, there is more than start-ups, the document adds, as over 50% of global corporations are either planning to use blockchain technology or are already implementing it.

The study also takes a look at the blockchain community and numerous events that take place in Europe and highlights the differences between European blockchain communities - such as London or Berlin. It also makes a special mention of the efforts made by governments to support this technology on an EU and national government level.

Regarding the weaknesses that this technology presents at the moment, the document points out the lack of legal harmonization, as many aspects are of national competence. There might not be an issue at the national level, but the differences between countries are significant given that the EU promotes pan-European policies.

OUTLINE

Introduction

Blockchain innovations in the European Union

Europe's strong blockchains communities

Challenges and barriers for blockchain

Priorities

DETAILS

Overview

Researchfinder Rating
4 out of 5 stars
Title
Blockchain innovation in Europe
Region
Europe
Published
July 27, 2018
Publisher
EUBlockchain
Price
FREE
Language
ENGLISH

Content

Number of Pages
25
Number of Tables
0
Number of Exhibits
0
Topics
blockchain
Tags
blockchain, EUBlockchain, europe, European Union, GDPR
Methodology
This report is based on the input of several different stakeholders and sources.
EVALUATION

This report examines the innovations in blockchain technologies in Europe.

Positives:

  • Understandable language
  • Well-structured information

 

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