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.
