A technological and regulatory sandbox
The European Blockchain Partnership’s main focus has been building the European Blockchain Services Infrastructure (EBSI).
The European Blockchain Partnership helps avoid fragmentation of the blockchain landscape by fostering close collaboration between the Member States. The Partnership supports interoperability and broad-based deployment of blockchain-based services. It also offers a regulatory-compliant environment in full compliance with EU laws and with clear governance structures models to help blockchain grown and flourish all across Europe.
By using blockchain themselves, European policy makers gain first-hand knowledge of how the technology works, where it can best be applied, and what its potential and risks are. Therefore, the European Blockchain Partnership serves as both a technological and regulatory sandbox, hopefully leading to better, more informed regulation on the technological and use case front.
Better public services for all Europeans
Last but not least, as the EBSI comes online, it will contribute to more efficient and more accessible cross-border government services in Europe. As described at the time of the announcement by Mariya Gabriel, then Commissioner for Digital Economy and Society:
In the future, all public services will use blockchain technology. Blockchain is a great opportunity for Europe and Member States to rethink their information systems, to promote user trust and the protection of personal data, to help create new business opportunities and to establish new areas of leadership, benefiting citizens, public services and companies.
Press release: Declaration creating the European Blockchain Partnership (EBP), 10 April 2018