Europe’s blockchain infrastructure starts to go live

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Europe’s blockchain infrastructure starts to go live

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The first Belgian node of the European Blockchain Services Infrastructure (EBSI) went live on February 12.
The goal of EBSI is to enable cross-border public services within the European Union (EU), with security and privacy.
In 2018, EU member states created the European Blockchain Partnership (EBP) to cooperate and build the EBSI.
Currently, the EBP has 30 signatory countries, all the EU states as well as non-EU members UK, Norway and Liechtenstein.
IT services company Smals is now building the second EBSI node for Belgium.
The EBSI is envisioned as a network of blockchain nodes across Europe, to support use cases prescribed by the European Commission.
Currently, the EBSI has four specific use cases, each led by a member state and a user group.
Use cases include notarization to prove data integrity, blockchain diplomas for trusted education credentials, European self-sovereign identity to give users control over their data, and trusted data sharing for cross-border trade, tax, and other systems.
Later this year, the EBSI will become a CEF ( Connecting Europe Facility) Building Block and provide reusable software, specifications and services to member nations and administrations.
CEF Building Blocks is an EU initiative to share digital services developed under the guidance of the European Commission.
It’s planning a digital single market for all EU member nations, and will save time and cost for the development of services.
The European Commission operates a minimum number of EBSI nodes at the European level.
The member states will operate the EBSI nodes at a national level.
Belnet says it expects 30 other nodes to be set up by different EU members, creating a network of blockchain nodes covering Europe.
The European Commission (EC) is pushing for blockchain use cases and is also funding a few projects in member countries.
A few months ago, EC contributed €100 million for a blockchain and AI program launched by the European Investment Fund (EIF)

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