About: blockchain Archives

Supporting innovation should be the driving force behind the EU response to the emerging field of financial technology, European lawmakers said in a draft resolution adopted yesterday (25 April).

The European Commission wants to create a special regime to attract FinTech companies in Europe and help the old continent compete globally on this promising new market, EU sources told EURACTIV.com.

As the Mobile World Congress continued, the "father" of Li-Fi said his LED-based wireless connection technology deserves EU support, while Blockchain developers defended the positive impact of the public ledger on society at large.

The next wave of digital innovation – and disruption – in the electricity sector will rely on artificial intelligence and Blockchain technology, according to the new boss of the European power grid operators association, ENTSO-E, who is drafting an IT roadmap for publication later this year.

A wave of anti-establishment sentiment sweeping the Western world is likely to help push blockchain – the technology that gave birth to the renegade digital currency Bitcoin – out of cyberspace and into the real world in 2017.

The EU treaty mentions a two-year deadline for a member state to conclude negotiations to leave the European Union. But it also foresees possible extensions, opening the way for a follow-on process, says Robert Madelin, who just left the EU executive.

The digital revolution in the financial sector will get a helping hand from EU regulators later this year when the European Commission tables new proposals for retail financing, with a clear objective: let the revolution flourish.

The National Front wants to preserve cash and ban Bitcoin, which it sees as an unsafe form of payment. The EU has yet to legislate on the subject. EURACTIV France reports.

Blockchain is expected to have a larger impact on our business than a potential Brexit, suggests MasterCard’s deputy boss, Ann Cairns. In her view, the technology behind virtual currencies like bitcoin is “a good thing for the future”, she told EURACTIV.com.

Lawmakers are debating how to deal with virtual currencies and, in particular, with the promising technology behind them: blockchain. Patrick Murck, co-founder of Bitcoin Foundation, believes that the current ‘hands-off’ approach is the right one.

Cash could become history within a decade, thanks to new financial instruments, including virtual currencies, some of the world's leading bankers said during the World Economic Forum on Wednesday (20 January).

Blockchain, the technology behind Bitcoin, is expected to take our digital environment to the next level. While the risks involved are growing in parallel with its development, regulatory responses are not a priority for lawmakers.

Don Tapscott, whose books have been used by Barack Obama, gave a TED-type inspirational speech to senior members of the in-house think tanks of the EU institutions on Thursday (12 November). In his view, either we share wealth, or it will be the end of capitalism.