Mediterranean European Union Countries Sign Declaration To Promote Blockchain

Seven European Union countries have established a new group to promote the usage of distributed ledger technology (DLT).

On Tuesday, France, Italy, Spain, Malta, Cyprus, Portugal and Spain formed a group called the “Mediterranean Seven” and signed a declaration, titled the “Southern European Countries Ministerial Declaration on Distributed Ledger Technologies,” to foster the use of blockchain beyond cryptocurrencies. In the coming months, the seven countries will work together to implement blockchain in education, transport, mobility, shipping, Land Registry, customers, company registry, and healthcare.

“We believe that Distributed Ledger Technologies could be one of the instruments that can help our countries transform their economies and society into truly digital ones and become a leading region in this sector,” the declaration reads. “This can result not only in the enhancement of e-government services but also increased transparency and reduced administrative burdens, better customs collection and better access to public information.”

The Mediterranean Seven also urged the EU to continue working on the European Blockchain Partnership (EBP), which has the goal of supporting the delivery of cross-border digital public services, with the highest standards of security and privacy.

“We commit ourselves to hold regular meetings at technical level to ensure that best practices in Distributed Ledger Technologies application are shared with each other in the context of the European Blockchain Partnership,” the declaration reads. “We commit ourselves to review the progress undertaken by this initiative at regular intervals.”

The group further said that they believe that any legislation on blockchain should take into account the decentralized nature of such technology and should be based on European fundamental principles and technological neutrality.

“Legislation should also allow innovation and experimentations in order for the public and private sector to better understand the Distributed Ledger Technologies and to develop use cases,” the group said.

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