Building a forward-looking EU policy strategy on blockchain. College of Europe Policy Brief #12.18, September 2018

Kerknawi, Lawrence and Mäkelä, Alexander (2018) Building a forward-looking EU policy strategy on blockchain. College of Europe Policy Brief #12.18, September 2018. [Policy Paper]

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Abstract

As the EU starts taking greater consideration of blockchain, competitors are rapidly catching up. To ensure its competitiveness, Europe faces near-term challenges in stimulating investments, developing skills, and creating legal and regulatory certainty. This paper recommends that Europe’s blockchain ecosystem could be bolstered by: • The European Commission and Member States taking steps to support blockchain R&D and commercialisation by expanding upon existing educational and research schemes, adopting progressive public procurement measures, and leveraging Europe’s leadership in social innovation. • Creating a technical multi-stakeholder organisation to represent blockchain interests towards the European Union, Member States, and civil society. • Ensuring legal harmonisation and standardisation through an EU-wide, layered approach.

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