The European Union has invested over 5 million euros in startups, working on various projects dealing with the blockchain. So far, six startups who develop or research on applications of this technology have been funded by joining the European Horizon 2020 program.
Last week, Small and The Medium-sized Enterprise (SME) Group of the European Commission has examined the work done by three startups – Signaturit, Authenteq and The Billon Group – regarding, among other things, the development of digital identity services and payments. Last month, the Commission had referred to its plans to create a “Blockchains for Social Good” competition, which would in conjunction with the Horizon 2020 program, and has already begun to plan the bases for a Blockchain Observatory, which will act as a research and promotion agency for this technology.
Source: Coindesk.com
