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EU makes strategic move towards convergence of blockchain and artificial intelligence –
The European Union (EU) has decided to integrate blockchain and artificial intelligence (AI) at a crucial moment in the EU’s digital transformation strategy.
A recent report of the European Union Blockchain Observatory and Forum (EUBOF) sheds light on the EU’s intent to “deepen cooperation on blockchain and Web3 technologies” through EUROPEUM-EDIC, a new legal entity created by a consortium of nine member states.
According to the report, “EUROPEUM-EDIC will support cross-border cooperation between public authorities on Web3 and decentralized technologies, promoting innovation and interoperability of such solutions with other technologies.”
The nine Member States, including Belgium, Croatia, Cyprus, Greece, Italy, Luxembourg, Portugal, Romania and Slovenia, will implement and further expand the exploitation of the European Blockchain Services Infrastructure (EBSI) to provide cross-border services at EU level . services, in particular public services.
According to the EU report, Poland has also officially applied to join EUROPEUM EDIC and other member states are expected to express interest.
The EU’s plan to secure its global leading position in technological innovation
The EU’s interest in promoting the development of blockchain and artificial intelligence is part of a broader digital strategy aimed at securing its position as a global leader in technological innovation.
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The EUBOF report is a clear indication of the EU’s proactive approach in exploring synergies between these technologies.
By investing in research and development and creating an enabling regulatory environment, the EU aims to fully exploit the potential of the convergence between blockchain and artificial intelligence.
One of the key points of the report is the emphasis on ethical considerations and the need for a human-centred approach.
The EUBOF report represents a significant milestone in the EU’s journey towards the future of technology. It not only outlines the potential of the convergence between blockchain and artificial intelligence, but also lays the foundation for further exploration and development in this field.
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