European Commission Urges EU Commitment to Blockchain Technology
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10 April

European Commission Vice-President Andrus Ansip has called on Europe to make effort to become a world leader in digital innovation by embracing blockchain technology, along with Artificial Intelligence (AI).

Addressing the European Commission’s Digital Day 2018 in Brussels, Ansip urged countries to commit to Europe's digital and data-based future – with a focus on artificial intelligence (AI), digital healthcare and blockchain technologies.

“We are home to the world's leading AI research community. And the European tech sector identifies AI and blockchain as the areas where Europe is best positioned to play a leading role,” the EC Vice-President said.

“However, it is no secret that we have to invest – both politically and financially. There is quite some ground to catch up. Other continents are moving ahead quickly,” he added.

Ansip noted that digital technology can help save lives, encourage healthy living, bring innovation, as well as increase efficiency.

He emphasized the importance of financial support by EU governments, saying that technological development needs the right conditions and infrastructure, and that “none of this comes for free.”

By Siranush Ghazanchyan

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