The executive arm of the European Union has revealed it is currently building a blockchain-based gateway designed to share information on listed companies.
As CoinDesk reported in April, the European Commission is spending hundreds of thousands of euros to put together an "observatory" through which it can test possible public-sector applications of the tech.
One of those, according to Dombrovskis, is a project centered around collecting and sharing information from public companies within the EU with the aim of boosting transparency. What's more, the commissioner indicated that the wider pilot effort is being backed by €850,000 (just over $1 million) in funds.
He wrote in his response:
Dombrovskis also revealed that the commission is planning to launch a "Blockchains for Social Good" contest – a competition that would be held in conjunction with the EU's Horizon 2020 research and innovation initiative.
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