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Europe Blockchain: € 1m to study the distributed ledger

Europe Blockchain: € 1m to study the distributed ledger

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The European Parliament might start to study the blockchain technology with a task force of € 1m. 
A member of the European Parliament, in fact, suggested to create a program focused on studying digital currencies and the distributed ledger. 

Europe Blockchain: a legislative objective

This news comes a few months after the legislative arm of the European Union approved a task force proposed previously this year by Jakob von Weizsäcker.
Von Weisäcker now asks for financial support to fund the program.
He explained that the task force should be organized in order to position the European Commission at the forefront of an innovative technology.
“This pilot project aims at creating a Task Force, staffed with regulatory and technical experts, in order to build up technical expertise, regulators capacity and develop use cases, especially for governmental applications, in the field of distributed ledger technology (DLT) as proposed in the Resolution of the European Parliament on virtual currencies.”
The task force project is one of the most important legislative efforts that came from Europe about the blockchain. 
“Too early hard regulatory measures would stifle innovation and hamper its potential. Waiting too long might lead to a materialization of systemic risks,” commented Von Weisäcker. 

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