THE EUROPEAN COMMISSIONS APPROACH TO BLOCKCHAIN
Episode 110 of Insureblocks, a weekly podcast on blockchain, smart contracts and distributed ledger technology (DLT) in the insurance industry featured Peteris Zilgalvis, the Head of Unit, Digital Innovation and Blockchain, Digital Single Market Directorate at the European Commission. In this week’s episode of the Insureblocks podcast hosted by Walid Al Saqqaf, Zilgalvis walks us through the European Commission’s approach to blockchain and the main bodies and initiatives furthering the development of blockchain across the EU.
In addition, the EU blockchain strategy was discussed as the Digital Innovation and Blockchain Unit will be presenting its blockchain strategy to the European Commission commissioners to review and possibly adopt by the end of June.
The European Blockchain Partnership was also discussed as it is looking at implementing a number of use cases later this year including regulatory reporting, tax and customs excise area, diploma certification, certification of audit documents and self-sovereign identity.
A comparison of the blockchain landscape in the EU was then compared to that in the US and China and how the EU’s decentralised approach affects different aspects of the economy.
Furthermore, Zilgalvis discussed whether blockchain could have been put to better use during the height of the COVID-19 crisis and how blockchain can play a role in building a more resilient world once the worst of the pandemic has passed.
To listen to Peteris Zilgalvis and Walid Al Saqqaf discuss these aspects of blockchain and more, listen to the podcast here.