European Union will increase its blockchain funding from 83 million EUR to 340 million EUR by 2020

 The European Union will increase research funding for blockchain after it recognised a lot of potential use cases for the technology, especially for administration and businesses.

Distributed ledgers are seen as a major breakthrough as they can provide a high degree of trust, security and traceability, warranting more research into what the future will hold for blockchain technology.

The move comes as the European Commission last week launched a call for tender for a service contract to set up an EU Blockchain Observatory.

EU funding for blockchain projects

Efforts are currently underway in Europe in relation to blockchain technology but the 340 million EUR funding is hoping to help things move along even faster. This new effort will focus on technical expertise and regulatory capacity first and foremost.

While most commonly associated with cryptocurrencies such as bitcoin, blockchain technologies are expected to impact digital services and transform business models in a wide range of areas, including healthcare, insurance, finance, energy, logistics, intellectual property rights management or government services.

The European Commission has been funding blockchain projects through the EU’s research programmes FP7 and Horizon 2020 since 2013.
https://www.openaccessgovernment.org/european-union-boosts-blockchain-research-funding/42315/

Help friends or someone you care about discover blockchain and 

cryptocurrencies, by simply sharing this page. Don't keep it to 
yourself.....share Blockchain Company (BC).


Did You Know About This? 
You can curate a Personal Blockchain Page right here on Blockchain Company ( BC ) like these 2 great user examples here:

http://www.blockchaincompany.info/Paula
http://www.blockchaincompany.info/Francisco

Show
your blockchain page off to your employer, colleagues and friends. It 
demonstrates your professional awareness and competency of this 
revolutionary paradigm changing the world. It's free if you are a 
consumer user. Just Create your Account here in less than 3 mins! 

Or
Click Create Account above in the upper right corner. Instructions how 
to curate your blockchain page from information you discover on BC, is 
sent in your email after you sign up. 

You might be able to capture your ' first name " unique url for your blockchain page too! Like : http://www.blockchaincompany.info/robert

You
may be entitled to cryptocurrency tokens, offers and discounts at any 
time in the future once you are a user on our platform.