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Key Points
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https://ec.europa.eu/digital-single-market/en/legal-and-regulatory-framework-blockchain
The European Blockchain Partnership is planning a pan-European regulatory sandbox in cooperation with the European Commission for use cases in the EBSI and outside of EBSI, including for data portability, B2B data spaces, smart contracts, and digital identity (Self-Sovereign Identity) in the health, environment, mobility, energy and other key sectors. The sandbox is expected to become operational in 2021/22.
Digital Innovation and Blockchain (Unit F.3)
https://ec.europa.eu/digital-single-market/en/content/digital-innovation-and-blockchain-unit-f3
The unit is managing the Startup Europe and Innovation Radar initiatives, supporting the scaling up of deep tech startups in European ecosystems and mobilising innovators to raise the level of market ready innovation. Furthermore the unit is improving access to finance for digitisation and the use of innovation procurement in the Digital Europe and Horizon Framework Programmes. The unit is also responsible for the coordination of ICT standardisation policy, in cooperation with DG GROW in the context of the Multistakeholder Platform and relations with relevant standardisation organisations
EU Blockchain Standards
https://ec.europa.eu/digital-single-market/en/blockchain-standards-0
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https://en.wikipedia.org/wiki/Gaia-X
Gaia-X is an initiative to develop a federated secure data infrastructure for Europe, whereby data are shared, with users retaining control over their data access and usage, and according to some to ensure European digital sovereignty.[1] It aims to develop digital governance, based on European values of transparency, openness, data protection, and security,[2] which can be applied to cloud technologies to obtain transparency and controllability across data and services.[3]
The reported objective of Gaia-X is to design the next generation of a federated European data infrastructure. To accomplish this, it hopes to specify common requirements for a European data infrastructure and develop a reference implementation.
According to the German Federal Ministry of Economics and Energy (BMWi), openness, transparency and European connectivity are central to Gaia-X. The stated goal of this digital ecosystem is to ensure that companies and business models from Europe can be competitive, and share data within a trustworthy environment.[6] Gaia-X's objective is not to become a Cloud service provider or a Cloud management platform. The implementation of Gaia-X is described as not being intended to create a competing product to existing offers (e.g. hyperscalers). Instead, its stated aim is to link different elements via open interfaces and standards, in order to connect data and make them available to a broad audience. Gaia-X also reportedly seeks to enable the creation of different types of innovation platforms.[6][7]
According to its project statement, the project aims to combine existing central and decentralized infrastructures to form a "digital ecosystem" using secure, open technologies with clearly identifiable Gaia-X nodes.[8] The ecosystem will have software components from a common repository, and standards based on relevant EU regulations.[9] Gaia-X intends to offer significant benefits from a data and infrastructure perspective, including innovative cross-sector data cooperation and more transparent business models.[9]
Key Concepts
2023 EUBOF Research Project Participant List
bc interoperability report
trend report on cbdc
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EC process for developing regulations and guidelines < comment
like the focus on the balance between hard laws and concepts on best practices and guidance. While anything can be improved, the EC process for researching ideas and impacts of proposed legislation in collaboration with universities and organizations like INATBA, EUBOF, GBA, GBBC, companies and others leads to regulations and guidance that is generally well thought with enough room in the implementation roadmaps to make needed adjustments and improvements normally based on feedback and experience.
2023 EUBOF Research Project Participant List
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hmHw-JU9iJAC686SMcoiKMwqUE/edit#gid=33454280
bc interoperability report
trend report on cbdc
Liz Tanner - Enterprise Blockchain Award - SSI and VC for identity, licenses, employment status
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https://drive.google.com/drive/folders/1udS4KjA1v_D5bgUh0Y5Uoy61bGeXzGS
The title and a few bullet points regarding the direction of the content/contribution you would like to make. Please use the Google doc to coordinate the efforts here:
If you would like to present particular projects or solutions, please share them with the group
Wendy Charles - 210817
review EUBC report requirements, work tasks
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dlt-interop-2024-paper-mit-f History of Blockchain Interoperability.pdf. file
Blockchain interoperability conflates the need for distributed systems to communicate with third- party systems without the existence of a canonical chain or orchestration layer. As there is not “a chain to rule them all” (due to reasons such as performance, privacy, and market forces), these distributed systems rely on exchanging data and value across network boundaries. Interconnected systems achieve a higher value than the sum of their parts, similar to how the Internet emerged as a set of isolated Local Area Networks (LANs) - and, by force of surprising synergies, such networks fundamentally transformed society, forever. Concurrently, in the last decade, we have witnessed the astonishing development of blockchain technologies, which seem more connected than ever: via bridges [13, 15, 16, 31], oracles [45], and other interoperability mechanisms [4, 9, 17, 48, 89]. These recent developments have, slowly but steadily, contributed to the improvement of the scalability of blockchain networks, as well as providing new functionality and use cases [66], but there is still a long way to go until mass adoption. In this paper, we will dive into the rabbit hole of blockchain interoperability and explain why it is needed, what has been done in the last decade, and where it is going.
advanced model for interoperability? choreography vs orchestration
options for interoperability? DLT layer, services layer
Potential Value Opportunities
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The EU is designing a “digital product passport”, a component of the Green deal and is launching a “Blockchain Batteries” initiative in the framework of Trace4EU. The EU’s Corporate Sustainability Reporting Directive (CSRD) requires companies to report on their efforts to be sustainable and their impact on people and the environment. The access to the strategic raw materials and the credibility of the European initiatives above will depend to what extent a transparent win-win trade where the industry develops and pay for the raw materials at their fair price is secured and new partnerships are developed.
Join a conversation on November 16th, to explore a blockchain strategy on responsible sourcing of Cobalt, Coltan and Lithium in East DRC based on a paradigm shift, developing a blockchain eco-system for new economic development potential with and in the DRC and for global sustainable trade facilitation while addressing the digital divide between countries.
The event will be held online and you register here for joining.
Looking forward to welcoming you on board.
EUBOF reports in 2022 H1
NOTES FROM THE MEETING
Blockchain applications in the healthcare sector report
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Nina kindly shared an overview of the institutional DeFi actors here.
Discussion on blockchain skills
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Tim Weingaertner shared the event “International Blockchain Forum Rotkreuz 2022 – Topic “Education”, happening tomorrow 3 February 2022 – hybrid event – free participation where the future of blockchain education will be discussed. More details at https://ibfr.ch/
Invitation to speak at the 1st International DAO Legal Structure Workshop on 10 March
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I am happy to see that the group seems to be working correctly, thank you for your confirmations and engagement. Whenever you wish to send a message to all members of the Expert Panel, write to EubofexpertPanel@eublockchainforum.eu.
We are excited for our collaboration and for now please take a look at the sum up of our next steps:
1. Our meeting on 13 January was attended by over 70 members of the group, thank you! We have tackled all practical details of our collaboration. Please find a short summary of what we discussed in the attachment and click a link below to access the recording: VIDEO
2. You can find a full list of members of this Expert Panel in the attachment. We will announce it this week. If you wish to share the news, you can use the image I attached.
3. Please fill out this doodle so we can find a date for our future meetings - do so before 25 January. Based on this we will create a calendar of our meetings for the next 6 months, so they would always happen on the same day of the week.
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Basics on membership commitment
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2024 EU Economic Report - challenges & strategies - Mario Draghi
The report, requested by the European Union's executive commission, says Europe needs to massively ramp up infrastructure and green energy investments while slashing burdensome regulation in order to return to consistent, strong growth.
challenges: too much regulation & process hurts innovation & tech, too much Russian energy dependence, too much economic dependence on China trade, too much defense dependence on USkeys: strong Euro , more innovation with less regulation, more defense investment & local defense purchases, more renewables and lower cost fossil fuels, organic growth vs China dependent growth& tech, too much Russian energy dependence, too much economic dependence on China trade, too much defense dependence on US
keys: strong Euro , more innovation with less regulation, more defense investment & local defense purchases, more renewables and lower cost fossil fuels, organic growth vs China dependent growth
future of European competitiveness: Report by Mario Draghi
Part A | A competitiveness strategy for Europe - Report link
The future of European competitiveness _ A competitiveness strategy for Europe-Part A - 2024.pdf file
the-draghi-report-a-force-for-reform - summary on key challenges
Across different metrics, a wide gap in GDP has opened up between the EU and the US, driven mainly by a more pronounced slowdown in productivity growth in Europe. Europe’s households have paid the price in foregone living standards. On a per capita basis, real disposable income has grown almost twice as much in the US as in the EU since 2000.
- despite real income declining 4% in the US under Biden Harris from 2021 to 2024 ( vs Trump 10% real income increase 2017 to 2020 )
The era of rapid world trade growth looks to have passed,
Europe has abruptly lost its most important supplier of energy, Russia.
Geopolitical stability is waning, and our dependencies have turned out to be vulnerabilities.
Technological change is accelerating rapidly. Europe largely missed out on the digital revolution
Costs are high to change for any country
To digitalise and decarbonise the economy and increase our defence capacity, the investment share in Europe will have to rise by around 5 percentage points of GDP. How to pay for this? Government debt has no room to increase. Taxes can't go up overall - only minor adjustments possible without cutting standard of living.
Catch 22 - The only way to meet this challenge is to grow and become more productive, preserving our values of equity and social inclusion ( rethink this? ). And the only way to become more productive is for Europe to radically change.
We have reached the point where, without action, we will have to either compromise our welfare, our environment or our freedom.
What tradeoffs are acceptable on social goals, population growth, the environment?
begin with a common assessment of where we stand, the goals we want to prioritise, the risks we want to avoid and the trade-offs we are prepared to make.
completely missed issues?? how to control population growth, social program costs & manage value, capaibility, unity, debt management, real per capita income
EU Solutions
Step-by-step guide for Example
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