Currently, the European Union (EU) is exploring blockchain technology to simplify administrative procedures across its 27 member countries. This move aims to enhance administrative efficiency, attract more businesses, and improve crisis management.
Notably, the EU has invested 11.2 billion euros in digital services, business digitization, and public administration. This funding is part of the 39 billion euro development fund dedicated to the EU’s digital transformation program.
However, the immediate goal is to provide EU citizens with a digital identity wallet to securely store administrative data. Additionally, the European Commission actively encourages member states to participate in the EU Digital Infrastructure Association. Essentially, this is a political group of EU countries committed to advancing the EU’s digital agenda.
Furthermore, Pearse O’Donohue, Director for Future Networks, recently announced that the EU is nearing the final stages of establishing a blockchain service infrastructure across the entire EU. Once completed, public authorities will manage this infrastructure with the ultimate goal of “uniting blockchain communities across the continent.”
“We are currently finalizing the blockchain service infrastructure across the EU, which will be under the responsibility of public authorities acting as convenors to bring blockchain communities together.”
Pearse O’Donohue, Director for Future Networks
Promoting cross-border cooperation
The Commission has recently launched a New Administrative Space Enhancement (ComPAct) initiative to provide national public administrations with the necessary tools to meet the needs of citizens and businesses across the EU.
ComPAct demonstrates the Commission’s detailed action plan to modernize national public administrations and enhance cross-border cooperation. The Commission is proposing 25 actions to strengthen public administrative cooperation, improve digital capabilities, and promote green transition.