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Seven member states of the Southern European Union have issued a statement asking for help in promoting the use of DLP (Distributed Ledger Technology) in the region, the Financial Times (FT) reports on December 4th.
The declaration was reported initiated by Malta and signed by six other member states, France, Italy, Cyprus, Portugal, Spain and Greece, at a meeting of EU transport ministers in Brussels on Tuesday.
The participating governments have explained that the DLT – a type of which is blockchain – could be a "turning point" for the southern EU economies.
In particular, the document cites "education, transport, mobility, shipping, land registry, customs, business register and health care" as services that can be "transformed" by this technology. The group also cites the use of blockchain technology to protect citizens' privacy and make bureaucratic procedures more efficient.
The report also notes that this technology has potential beyond digital public services:
"This can include not only improving e-government services, but also greater transparency and lower administrative burdens, better customs collection and better access to public information".
In mid-November, a member of the Executive Board of the European Central Bank, Benoit Coeure, stated that he considers Bitcoin to be the "malewn spawn of the [2008] financial crisis."
Also in November, the banking groups BBVA and Banco Santander joined the EU International Association for Reliable Blockchain Applications (IATBA), as reported by Cointelegraph. The association itself will be launched for the first quarter of 2019 and aims to develop infrastructure and blockchain standards.
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