ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Wednesday Nov 22nd 2017
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Event

Submit an event for consideration on ETHNews

Submit Event

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Events
Contact Us

European Union Commits 250k Euro To Studying Blockchain Technology

By

Jeremy

Nation

WriterETHNews.com

The European Commission has blockchain technology in its sights with a recently authorized study.

Reported on November 13, 2017, the European Commission will engage in a study of blockchain technology, setting aside 250,000 euro to test the conventionality of an EU Blockchain Infrastructure.

According to the report, the commission will research the application of blockchain-based systems towards advancing its goal of creating an "open, innovative, trustworthy, transparent, and EU law compliant and transactional environment." The European Commission will determine the best manner to make use of the technology taking into account factors of timing and policy. It will also develop an infrastructure that will support blockchain-powered services. In this way the commission hopes to maintain a global competitive edge.

Information gathered from the study will be applied by the European Commission as it seeks to implement a blockchain-based infrastructure. In addition the study will provide insight to the commission on where blockchain technology is best suited for integration.

The European Commission's latest endeavor in blockchain technology represents another step in its ongoing mission to generate public policies that engage members of the private sector with regulators, fostering the development of an ecosystem for applications.

Calls for tenders for organizations who wish to apply to participate in the study will be open until January 19, 2018.

Jeremy Nation

Jeremy Nation is a writer living in Los Angeles with interests in technology, human rights, and cuisine. He is a full time staff writer for ETHNews and holds value in Ether.

ETHNews is commited to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest European Union, EU or other Ethereum ecosystem news.