Belgium Takes the Lead in the Renewal of Blockchain in the EU

In a bold stride towards fostering digital innovation within the European Union, Belgium has declared its commitment to breathe new life into the continent's blockchain infrastructure.

Belgium Takes The Lead In The Renewal Of Blockchain In The Eu_65b97a4a7d128.webp

This ambitious undertaking is poised to take center stage during Belgium’s presidency of the Council of the European Union in early 2024. Spearheaded by the Belgian government, the initiative seeks to expedite the development of a pan-European blockchain infrastructure, promising significant advancements in the secure management of official documents and the augmentation of digital services throughout the EU.

Underpinning Belgium’s proposal is the creation of a public blockchain system tailored for the entire EU, a focal point among the four primary objectives articulated by Mathieu Michel, Belgium’s Secretary of State for Digitization, in a recent interview with Science|Business on November 21. The project, poised to revolutionize the storage and verification of official documents such as driving licenses and property titles, forms a pivotal component of a comprehensive strategy to fortify Europe’s digital foundation.

belgium takes the lead in the renewal of blockchain in the eu 65b97a4a7fa7c

The genesis of this proposed blockchain system, initially known as the European Blockchain Services Infrastructure (EBSI), dates back to its establishment by the European Commission in 2018. A collaborative effort involving the European Blockchain Partnership—comprising 27 EU member states, Norway, and Liechtenstein—laid the groundwork. Michel’s vision extends beyond the technical realm, aiming to transform this initiative into a holistic European endeavor, intertwining both technical and political dimensions.

Enter “Europeum,” the rebranded and revitalized blockchain project envisioned as a pivotal tool for public administration tasks across the EU. Its primary mandate is to streamline the verification of driver’s licenses and other official documents seamlessly across member states. Additionally, Michel contends that the rejuvenated blockchain infrastructure could assume a pivotal role in buttressing the digital euro infrastructure, ushering in a new era for public administration in Europe.

belgium takes the lead in the renewal of blockchain in the eu 65b97a4a8aba6

Emphasizing Public Blockchain for Europeum: A Strategic Choice

The decision to prioritize a public blockchain developed by EU member states over private alternatives is a deliberate and strategic move, according to Michel. He underscores the advantages inherent in this approach, particularly in terms of security, transparency, and privacy. Michel contends that a public blockchain has the potential to empower citizens by affording them greater control over their data.

International Collaboration and Regulatory Strides

The Europeum project has garnered substantial support within the EU, with Italy, Croatia, Poland, Portugal, Slovenia, Luxembourg, and Romania expressing their intent to participate. Belgium is positioned to host the project’s headquarters, underscoring the nation’s leadership in digital innovation within the EU.

belgium takes the lead in the renewal of blockchain in the eu 65b97a4a93aa1

This initiative aligns with a broader trend towards regulatory consolidation in the realms of crypto and blockchain technology. In early November, 47 national governments pledged to integrate the Crypto-Asset Reporting Framework (CARF) into their domestic legal systems. This international standard aims to facilitate the automatic exchange of information between tax authorities, reflecting the growing significance of cryptocurrency and blockchain technology in the global financial landscape.

Related: Patex Clinches Top Honor as the Premier Blockchain Ecosystem in Latin America for 2023

Proactive Belgium and The European Union’s Technological Advancement

Belgium’s proactive stance in leading the blockchain initiative underscores the country’s dedication to digital innovation and collaboration within the European Union. The European project, with its emphasis on public administration and citizen empowerment, marks a substantial leap forward in the EU’s journey towards a more integrated and technologically advanced future. As the project unfolds, it is poised to establish a new benchmark for digital governance and cross-border cooperation in the digital age.

(100 votes)

5.0/5

(100 votes)

Latest

Bnb Plunges After Being Added To Coinbase’s Listing Roadmap

News | Altcoin | Editor Choice

BNB Plunges After Being Added to Coinbase’s Listing Roadmap

BNB’s price has tumbled sharply in recent days, despite the positive news that the token is set to be listed on Coinbase.

Hyperliquid Leads The $1.4 Billion Token Buyback Wave Sweeping Through Crypto In 2025

News | Altcoin | Editor Choice

Hyperliquid Leads the $1.4 Billion Token Buyback Wave Sweeping Through Crypto in 2025

The year 2025 is witnessing the largest token buyback wave in crypto history, as blockchain projects have spent over $1.4 billion to reduce circulating supply — and Hyperliquid is leading the charge with an unprecedented scale.

Binance Selling Pressure Weighs On Bitcoin

News | Bitcoin | Editor Choice

Binance Selling Pressure Weighs on Bitcoin, But ‘Uptober’ Could Soon Turn the Tide

Despite the ongoing selling pressure, analysts at CryptoQuant believe this is only a short-term correction before Bitcoin’s typical late-October rebound — the so-called “Uptober” — begins.

Binance Completes Gopax Acquisition, Paving The Way For A South Korean Comeback

News | Editor Choice | Policy & Regulations

Binance Completes Gopax Acquisition, Paving the Way for a South Korean Comeback

According to a report from South Korean outlet MK, the world’s largest cryptocurrency exchange Binance has officially completed its acquisition of Gopax, one of the five licensed digital asset exchanges in South Korea.

Why Hyperliquid Is Becoming Unstoppable

News | Altcoin | Editor Choice

After the Crash and Scandal: Why Hyperliquid Is Becoming Unstoppable

Amid record-breaking liquidations and a listing scandal that rocked Binance, Hyperliquid has risen as DeFi’s “fortress of steel” — a living testament to the true power of transparency and decentralization.

Screenshot 2025 09 10 100533