Malta and Six EU Countries Sign Blockchain Distributed Ledger Technology Promotion Agreement

Malta, alongside six southern EU countries announced an agreement to help promote the use and benefits of distributed ledger technology (DLT).

The other countries which include Cyprus, Italy, France, Spain, Portugal, and Greece made this known in a joint statement on the cooperation between all countries to encourage the adoption of the technology.

All seven countries made their stance on the technology known, considering it an ideal policy area in the future. Distributed ledger and blockchain technology are heralded as an incredible tool that can have a widespread effect on the global economy.

According to the Digital Economy and Society Index, these countries stand to benefit tremendously from the technology, and can be at the forefront of its growth and development.

By signing this agreement on the distributed ledger technology, the countries can present a united front when seeking the expansion of their digital agendas. This united front will essentially make them leading proponents of the tech in Europe.

Distributed Ledger Technology is growing increasingly popular thanks to its possible ability to make the EU an even more democratic state.

Its technology can be deployed across multiple industries and sectors, including shipping, healthcare, property and land management, as well as education.

Here, it will increase accountability among leaders and foster transparency, while helping citizens take back control of their private information and data.

In fact, some schools in Asia and Europe are using the distributed ledger technology for education, with some of their schools increasingly deploying school certificates on the blockchain.

A recent example is India’s Jain School of Business and Governance placing new graduates’ certificates on the blockchain, essentially making it easy for prospective employers to verify their applicant’s academic claims.

All agreeing parties have a firm belief that it’s their individual country’s responsibility to promote the adoption and acceptance of blockchain among its citizens.

To that end, they have made a commitment to create and disseminate information as well as educate their citizens on the technology’s benefits and potential.

According to their joint statement,

“any legislation on Distributed Ledger Technologies should take into account the decentralized nature of such technology and should be based on European fundamental principles and technological neutrality.”

All seven countries have also agreed to meet periodically to review their progress reports, share best practices, and explore the possibilities of bilateral/multilateral blockchain projects. They also called on the European Commission to keep and further promote the European Blockchain Partnership.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,511FansLike
2,795FollowersFollow
4,272FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today