BBVA and Santander to join European Commission blockchain industry body

On Tuesday the European Commission (EC) convened a blockchain forum in Brussels to connect with the private sector. The purpose of the roundtable was to gain support from industry leaders and policymakers for a “comprehensive EU strategy to boost innovation and exploitation of blockchain technology”. The Commission is keen to work with the private sector to address regulatory obstacles and reduce legal uncertainty. Plus it wants to lead international standardization efforts and accelerate research and innovation. Spanish banks BBVA and Santander attended the event. According to a statement, Carlos Kuchkovsky Head of Research & Development New Digital Business at BBVA emphasized that blockchain isn’t just a technology. There needs to be an appreciation of the potential for new business models empowered by a tokenized economy, “paving the way to a decentralized economy in the future.”

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