The European Parliament voted on the Digital Decade policy plan, which will assist businesses and public service providers in digitizing their work. promises support for a “pan-European blockchain-based infrastructure.”
Vote by the plenary meeting was passed 529 to 22 Thursday, with 25 abstentions
This policy file sets ambitious goals for the European Union to meet its 2030 digitization goals. It outlines large-scale, so-called “multi-country projects” to achieve the targets covering topics such as building common data infrastructure, beefing up on high-performance computing, rolling out 5G internet corridors and investing in blockchain and web3 solutions.
The European Blockchain Service Infrastructure (EBSI) is a cross-border initiative that involves all EU member countries, Liechtenstein and Norway, as well Ukraine as an observer. The EBSI “is already subject to a cooperation between the European Commission and the European Blockchain Partnership,” an EU Commission spokesperson told The Block in an email.
A favorable vote on the Digital Decade file could lead to increased support for EBSI over the next years.
The European Blockchain Partnership (ESBI) and the European Blockchain Partnership were established by the European Commission, in 2018, with the shared goal of developing and delivering Blockchain public services across Europe.
“The EBSI aims to support cross border public services leveraging the technology in an eco-friendly way,” an EU Commission spokesperson added. “It uses blockchain in a permissioned way with an EU governance provided by the EBP.”
Multi-country projects will be able to pool investments from the EU’s existing funding resources, like the €724 The Recovery and Resilience Fund has a pot of grants and loans totaling $753 billion. Private entities and EU member states will be able support or invest in projects.