Malta-and-Six-EU-Countries-Sign-Agreement-to-Promote-Distributed-Ledger-Technology

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

Get Free Email Updates!

*Action Required* Enter Your Email for Trending Crypto News & Coin Market Insights

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

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 3 Free Bitcoin eBooks for Limited Time Only

Receive three exclusive user guides detailing a) What is Bitcoin b) How Cryptocurrency Works and c) Top Crypto Exchanges today plus a bonus report on Blockchain distributed ledger technology plus top news insights.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \\ Investment Disclaimer

<< LIVE COIN MARKET CAP CRYPTOCURRENCY PRICES CHANGE + VOLUME >>

Coin Market Cap Price Change 24 Hour Volume
BTC $96.15B $5,443.3849 -2.14% $6.54B
ETH $17.53B $165.7285 -3.33% $3.28B
XRP $12.67B $0.3016 -6.34% $605.35M
BCH $4.95B $278.6983 -4.36% $385.44M
LTC $4.51B $73.2768 -2.20% $1.28B
EOS $4.5B $4.7725 -7.88% $1.36B
BNB $3.26B $23.0777 0.79% $170.63M
USDT $2.84B $1.0058 -0.19% $6.38B
XLM $2B $0.1030 -6.25% $55.46M
ADA $1.87B $0.0722 -2.86% $70.94M

<< TODAY’S TOP BITCOIN, BLOCKCHAIN AND CRYPTO NEWS HEADLINES >>

11:17 PM Institutional Investors Continue Positioning Inside the Buddin...
11:04 PM Ledger Appoints President, Pascal Gauthier as CEO, LarchevĂŞque...
10:58 PM IMF Cautions Against Cash and Fiat Savings in Light of Negativ...
10:51 PM New R/GA Blockchain Investment Studio to Open Office in Oregon...
10:45 PM Ripple’s Q1 2019 Report Shows The Blockchain Company Sold $169...
10:38 PM New Oracle and Finextra Report Details How Crypto Assets Can P...
10:34 PM VeChain Partners With BMW To Showcase New VerifyCar Service On...
10:25 PM EOS Surpasses A Record 1 Million Accounts While Price Drops Ov...
10:20 PM New Monex Points Will Enable Cryptocurrency Purchases on Coinc...
10:11 PM KuCoin, The People's Exchange, Finalizes Q1 2019 KCS Token Bur...
10:05 PM LBX Market Report: Bitcoin Price Needs to Prove Its Worth Befo...
09:59 PM Former Crypto Exchange Gatecoin Shows Why Regulations Are Need...
09:46 PM New eToro Crypto Giveaway Of $1,650,000 USD Worth Of ETH Set T...
09:29 PM Brave Moves Forward by Fulfilling Promises Made During BAT ICO...
09:29 PM Bittrex Welcomes Rhode Island Users With Acceptance Of New Mon...
09:20 PM Brazilian Authorities Arrest Suspect Of Running Potential Cryp...
09:14 PM China Retailer JD.com Saw Free-Range Chicken Sales Increase Wi...
09:09 PM Bitcoin Educator Andreas Antonopoulos Gives a Digital Deep Div...
09:00 PM Hong Kong Bitcoin Mining Suffers A Setback Due To 'Trade Descr...
08:44 PM New Stablecoin Launches By TrustToken, Pegged To Australian Do...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

18 + 20 =