During plenary, the European Parliament adopted the INTA Committee’s report on Blockchain: a forward-looking trade policy (2018/2085(INI)). The report highlights the current sub-optimal issues in supply chains, EU trade policy and customs procedures, identifies the plausible benefits derived from widespread blockchain implementation, and recommends achievable and gradual policy steps to the European Commission and Member States to enable this technology to function.
The report further calls on the Commission to “take the lead in the assessment and further development of blockchain technologies, including in specific sectors, such as those covered by the EU’s trade policy, and to set up an advisory group on blockchains, which should include experts on anti-money laundering, tax evasion, data protection and organised crime.”
