A recent report to the European Union made recommendations on how to better develop blockchain technology, including the introduction of interoperability and scalability standards.
”Scalability, Interoperability and Sustainability of Blockages“ on behalf of the European Union Blockchain Observatory and Forum blockchain Technology company created by ConsenSys. Considering the inputs of different stakeholders and resources, it gives an idea about the current and potential blocking situations in Europe.
The authors make recommendations on interoperability between standards and blockages for digital identities and Farklı we can hope that it will be easier and easier for different blockages to work together in time. This will benefit the ecosystem as a whole. Bu The report also noted the need to support the basic research and implementation of infrastructure-related projects:
Or Currently, the EU is actively working to support blockchain research from the blockchain, observation house and forum [edil] up to € 340 million [$ 382 million] to support blockchain projects up to 2020 on the Horizon. The 2020 program. Although they are commendable, they should not be based on EU laurels. Both the US and China said they strongly support blockchain research. The first of them went as far as going to be included as part of the $ 700 billion defense budget. "
The report recommends policy makers and sector actors in the EU blockchain operational standards to cooperate in improving and developing blockchain technology and governance. It also recommends that the EU adopt a wait-and-see approach and provide projects with time to experiment and learn before standards or governance arrangements are developed.
EU Blockchain Operability Standards
In the report, policy makers facilitated training and research initiatives as well as blockchain-based payments and smart contracts To take advantage of the fiat money they need to promote.
The authors also suggest that governments can interact with blockchain technology as identity providers or data sheets that indicate the necessity of preparing for new models and probabilities. The report also covers the Regulation on the Protection of General Data (GDPR), blockchain technology and crypto coins tensions between the legal status and smart contracts should be resolved.
Recently, the German Federal Ministry of Finance issued an important statement on the processing and regulation of blockchain-based securities.
Source: Cointelegraph