Ethereum Developer and Others Selected by the European Commission to Examine Blockchain Technology for Industrial Use – Trustnodes

Ethereum Developer and Others Selected by the European Commission to Examine Blockchain Technology for Industrial Use

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The European Commission, which acts as the executive body of the EU, has been examining blockchain technology for use in industrial and non-financial aspects.

Vlad Zamfir, an Ethereum developer, together with 33 other participants, were selected “from a pool of stakeholders to be a snapshot of the current Blockchain ecosystem in industrial/non-fintech sectors,” the European Commission said.

They took part in a day long workshop, answering such questions as: “What should the European Commission do regarding the adoption of Blockchain for industrial/non-fintech areas?” as well as:

“How do you see Blockchain changing the current industrial European landscape?” and “Why should European industry and business adopt Blockchain for industrial/non-fintech sectors?”

A snapshot of answers at the European Commission blockchain workshop.

The answers and presentations have not been fully published as the European Commission says they are now to analyze them with the answers informing:

“The future directions of the project considering not only which industrial/non-fintech Blockchain spaces and uses cases to further explore in our research, but also the contents, methodologies and goals of the next #Blockchain4EU participatory and stakeholder engagement activities previewed for next fall.”

Blockchain4EU is a project by the European Commission’s Policy Lab under the banner of “Blockchain for Industrial Transformations,” which aims to engage in:

“Sociotechnical exploration of existing, emerging and potential applications based on Blockchain and other Distributed Ledger Technologies (DLTs) for industrial/non-financial sectors.”

It follows a previous exploration by the European Parliament in May this year where Jakob von Weizsäcker, a German politician and Member of the European Parliament, said blockchain technologies, like bitcoin and ethereum, could become of systemic relevance.

As such, the move might be led by Germany, the industrial powerhouse of Europe and much of the world, not least because of the workshop’s main focus on industrial uses of blockchain technology, where Germany is leading in some ways.

Germany has seen a number of energy related blockchain projects, while Innogy, which had Carsten Stöcker from innogy Innovation Hub participate in the European Commission workshop, has blockchenized hundreds of electric cars charging stations through ethereum’s public blockchain.

They are now expanding to America, bringing ethereum based charging stations to the world’s biggest economy, with their foresight in blockchain technology potentially giving them an edge.

An edge most countries would like, which is why it appears the European Commission is looking at ways to aid the industry, through policy changes or in other ways, in their attempts to use blockchain technology and its new capabilities.

 

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