{"id":1412,"date":"2018-12-06T12:32:55","date_gmt":"2018-12-06T12:32:55","guid":{"rendered":"https:\/\/icoholder.com\/blog\/?p=1412"},"modified":"2025-06-06T14:49:23","modified_gmt":"2025-06-06T14:49:23","slug":"blockchain-innovation-in-region-spurs-economic-growth-efforts","status":"publish","type":"post","link":"https:\/\/icoholder.com\/blog\/blockchain-innovation-in-region-spurs-economic-growth-efforts\/","title":{"rendered":"Seven Southern EU States Collaborate to Promote Blockchain Usage"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/icoholder.com\/blog\/blockchain-innovation-in-region-spurs-economic-growth-efforts\/#Malta_Leads_Blockchain_Innovation\" >Malta Leads Blockchain Innovation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/icoholder.com\/blog\/blockchain-innovation-in-region-spurs-economic-growth-efforts\/#In_conclusion\" >In conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<p data-start=\"105\" data-end=\"321\">Seven EU member countries formed an alliance in Brussels to promote blockchain technology. This initiative, known as blockchain innovation in region, aims to boost economic growth and improve government services.<\/p>\n<p data-start=\"323\" data-end=\"610\">On Tuesday, Dec 4, the southern European nations signed a joint communiqu\u00e9 to support blockchain adoption. The goal is to transform their economies. The members\u2014France, Malta, Italy, Spain, Cyprus, Greece, and Portugal\u2014committed to collaborate and become a leading region in this sector.<\/p>\n<p data-start=\"612\" data-end=\"884\">The declaration explains the reason for this move: \u201cBlockchain can be a game changer. It can increase efficiency and transparency in government services, including education, healthcare, transport, and customs. It can also improve accountability and privacy for citizens.\u201d<\/p>\n<p data-start=\"886\" data-end=\"1059\">\u201cThis will enhance e-government services, increase transparency, reduce administrative burdens, improve customs collection, and provide better access to public information.\u201d<\/p>\n<h3 data-pm-slice=\"1 1 []\"><span class=\"ez-toc-section\" id=\"Malta_Leads_Blockchain_Innovation\"><\/span>Malta Leads Blockchain Innovation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-pm-slice=\"1 1 []\">Furthermore, the communiqu\u00e9 addresses future regulation in the region. It states, \u201cAny legislation on Distributed Ledger Technologies should consider the decentralized nature of the technology. It should be based on European fundamental principles and technological neutrality. The law should also allow innovation and experimentation. This will help both public and private sectors better understand Distributed Ledger Technologies and develop use-cases.\u201d<\/p>\n<p>Malta\u2019s Parliamentary Secretary for Digital Economy, Innovation and Financial Services, Silvio Schembri, shared on Twitter that he is \u201cproud\u201d to see Malta take a \u201cleading role\u201d in blockchain adoption in Europe.<\/p>\n<p>Malta, known as the \u201cBlockchain Island,\u201d has taken several actions this year to earn that title. In June, the country\u2019s parliament passed three blockchain-related and cryptocurrency bills. These laws aim to attract promising crypto startups.<\/p>\n<p>It is hoped that Malta\u2019s efforts will lead to widespread blockchain adoption across Europe. Currently, the EU has several projects focused on researching and experimenting with blockchain technology.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"In_conclusion\"><\/span>In conclusion<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-pm-slice=\"1 1 []\">Blockchain innovation in region is gaining momentum as<a href=\"https:\/\/icoholder.com\/blog\/institutional-investors-entering-crypto-market\/\"> seven southern European<\/a> nations have released a joint communiqu\u00e9 detailing their resolve to promote the use of blockchain technology in the region. They believe this technology could be a \u201cgame changer\u201d for the economic bloc. The countries involved in this initiative are Malta, Cyprus, Spain, Portugal, Greece, Italy, and France.<\/p>\n<p>Get the latest blockchain news by subscribing to the ICOholder\u2019s newsletter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seven EU member countries formed an alliance in Brussels to promote blockchain technology. This initiative, known as blockchain innovation in region, aims to boost economic &hellip; <\/p>\n","protected":false},"author":14,"featured_media":8078,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-1412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Blockchain Innovation in Region Spurs Economic Growth Efforts<\/title>\n<meta name=\"description\" content=\"Blockchain innovation in region unites seven EU nations to boost economic growth and enhance government services - IcoHolder.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/icoholder.com\/blog\/blockchain-innovation-in-region-spurs-economic-growth-efforts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blockchain Innovation in Region Spurs Economic Growth Efforts\" \/>\n<meta property=\"og:description\" content=\"Blockchain innovation in region unites seven EU nations to boost economic growth and enhance government services - 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