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Monday, 15 October 2018

EU Parliament Resolution on Distributed Ledger Technologies


The European Parliament has adopted a non-legislative Resolution on distributed ledger technologies (DLT), including blockchain. 

The resolution highlights potential applications of DLT, such as: 
  • reporting on clinical health trials. 
  • improving supply chains, such as monitoring of origin of goods for consumer protection. 
  • allowing households to produce and exchange alternative energy. 
  • Tracking, management and protection of intellectual property rights/licensing. 
  • financial intermediation and reducing transaction costs. 
  • control over personal data management and data sharing. 
  • reducing administrative burdens in the public sector. 
The Resolution calls for the development of a European legal framework to solve any jurisdictional problems in dealing with fraud and crime; raise awareness of DLTs; and bridge the digital divide among various member states. 


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