Global Blockchain Business Council Sees to Expand European Foothold

Global Blockchain Business Council

Announced on Oct. 18th, The Global Blockchain Business Council is planning to dramatically increase its presence in Europe. The technology advocacy group co-founded by blockchain services firm Bitfury Group will host a blockchain-focused summit at the European Parliament in Brussels, Belgium, on Wednesday in conjunction with Eva Kaili, a parliament member from Greece.

On such partnership, Kaili stated: “Forums like this pave the way for comprehensive collaboration between the private sector and regulators that will enable innovative platforms and smart solutions to be developed- maximizing the potential that blockchain technologies can offer.”

At the summit, the council sees to brief members of the EU parliament and representatives from the European Commission on the challenges and solutions offered by blockchain technology.

The conference is also the latest indicator that EU governing bodies have taken an interest in blockchain technology.

Jamie Smith, chief executive officer of the advocacy group spoke: “The EU is the world’s largest economic bloc and among the most important regulatory and rule setting bodies in the world, and its position on blockchain technology will have deep implications across all 28 EU member states.”

Further, the council also unveiled that it has finalized its incorporation in Geneva, Switzerland.

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