Four amendments tabled by the European Union are related to Blockchain technology

Public documents have revealed that four amendments aimed at funding Blockchain projects could take place in the EU budget for 2018. Among the proposals highlighted is a free Wi-Fi access initiative in countries that integrate the political community, with a view to using the blockchain as a method of payment; also highlight funding projects for two working groups dedicated to this technology.

Specifically, there are two amendments related to the integration of the blockchain into the WiFi4EU project: one of the Progressive Alliance of Socialists and Democrats (APSD), a group that has proposed to allocate 10 million euros to the project, and another from the Parliamentary Committee on Industry, Research and Energy (ITRE), an agency that only raises the funding of 1 million euros.

The aim of the amendments is to “test the viability and demonstrate the usefulness of Blockchain technology in the interaction between the different agencies of the European Union and the citizens”.

The document that was prepared for the budget explains:

“As a starting point, the project aims to support the ‘WiFi4EU’ initiative through the blockchain, allowing payments to the private companies that install the service to be transparent and traceable. This will provide citizens with the tools to examine transactions. “

“WiFi4EU” was presented for the first time last May, with a budget of 120 million euros and the goal of offering free connectivity in all the states belonging to the European economic community. In addition, a proposal to use the blockchain was included in the 2018 budget as part of efforts to help immigrants and other displaced groups … a € 1 million investment will be directed towards companies developing Blockchain platforms and could help in this area.

Similarly, € 1 million will be provided to the working group on distributed accounting technology announced in 2015 – formed to follow up on the development of Blockchain platforms – in order to analyze how Parliament can give them effective use of solutions based on this technology.

Eduardo Gómez

Eduardo Gómez

Eduardo Gómez is a Venezuelan freelance writer and Information's Technology Professional. He discovered Bitcoin in 2012 and has been drawn to it ever since. He also works as a Customer Support Agent at the San Francisco-based Bitcoin startup Purse.io