European Union’s 2018 Budget Adds Blockchain Technology Amendments

WIFI4EU TESTING THE USE OF BLOCKCHAIN TECHNOLOGY

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The European Union’s 2018 budget will feature four amendments connected to blockchain technology including a proposal to use blockchain for free Wi-Fi throughout the EU.

The project, nicknamed WiFi4EU, wants to test “the feasibility and demonstrate the usefulness of using blockchain technology in the interaction between the EU Institutions and the citizens.”

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“As a starting point, the project will aim at underpinning the voucher scheme of the Wifi4EU project with blockchain technology, allowing for transparent and traceable payment of EU funds to the private companies, which install the Wifi4EU infrastructure. It will also provide the citizens with the tools to examine the transactions registered in the ledger. It will rely on Open Source software and seek collaboration with Member States for providing blockchain services (also known as Govchains).”

WiFi4EU was first disclosed in May with a goal to offer free connectivity across the bloc over the next three years.

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