European Commission to Invest €300 Million in Developing Domestic Blockchain Ecosystem

In a statement issued today, The European Commission (EC) said it will be bringing heads of state, as well as representatives of EU territories and academics to discuss the development of the artificial intelligence and blockchain industries within the EU’s Digital Single Market.

The press release said the European Commission has set aside €300 million to be invested in the European blockchain space as part of the EU’s strategy to “harness the many opportunities of blockchain and avoid a fragmented approach.”

During the event, which is scheduled to take place tomorrow in Brussels, the EC will lay the groundwork for the European Blockchain Partnership, an initiative designed to support European companies and innovators within the Europen blockchain economy.

“Many proposals still need to be agreed. Europe should move forward, and building on the Digital Single Market, increase investments and foster cooperation in a series of key areas such as artificial intelligence, blockchain, eHealth and innovation.,” said the EC.

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