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European Politicians Consider Launching a Privacy-Respecting Blockchain

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European Politicians Consider Launching a Privacy-Respecting Blockchain

On March 13, the Belgian Digital Minister Mathieu Michel said in an interview that after the regulation of cryptocurrency, European politicians are considering the next step of attracting Web3 business, that is, it is possible to turn the target to a customized blockchain that respects privacy. Michel said that the new “Europeum” blockchain may be a tool to record property ownership, driving license or professional qualifications, while complying with the high regulatory norms of the EU. After a series of frauds and scandals, Michel agreed to shift from the pure financial application of distributed technology to public services and supply chain management.

Belgian Digital Minister: European politicians consider establishing a “Europeum” blockchain that respects privacy

Analysis based on this information:


In a recent interview, the Belgian Digital Minister Mathieu Michel announced that European politicians are considering attracting Web3 businesses by launching a customized blockchain that respects privacy. This move comes after the regulation of cryptocurrency and the need to shift from pure financial applications of distributed technology to public services and supply chain management.

The new “Europeum” blockchain is being touted as a tool to record property ownership, driving license, or professional qualifications while complying with the high regulatory norms of the EU. In stating this, Michel indicated that one of the primary concerns of launching the Europeum blockchain is to ensure that users’ privacy is not violated. Hence, this new blockchain will have customized features that will respect the privacy of the users.

The idea of a privacy-respecting blockchain is welcomed in light of recent scandals and fraud cases that have involved blockchain technology. Michel and other European politicians believe that by introducing blockchain solutions that are adequately regulated and privacy-centric could revolutionize public services and supply chain management.

This move by European policymakers signals a new era in blockchain technology, as it tackles key issues such as privacy, transparency, and accountability. The Europeum blockchain will likely play a critical role in ensuring secure and verified transactions between individuals and institutions, while also building trust in blockchain technology.

In conclusion, the introduction of a privacy-respecting blockchain could have significant implications for Web3 businesses, as well as public services and supply chain management. With the development of Europeum, European policymakers could set a precedent for other jurisdictions to follow in ensuring the security and privacy of their citizens’ data.

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