Seven European Union member states including France, Spain, and Italy have signed a joint declaration committing them to promoting the use of blockchain technology in providing government services. Led by Malta, which has been positioning itself as the EU’s “Blockchain Island,” the seven Mediterranean nations on Dec. 4 announced their “forward-looking vision to make Southern Europe a leader on emerging technologies, such as Distributed Ledger Technologies,” another name for the blockchain technology underlying cryptocurrencies. “We believe that Distributed Ledger Technologies could be one of the instruments that can help our countries transform their economies and society into truly digital ones and become a leading region in this sector,” the declaration…

Representatives of seven Southern European countries after signing a joint declaration promoting the use of blockchain technology in providing government services. Representatives from Italy, Portugal, and Spain are inexplicably shielding themselves (photo by Ray Attard via Prime Minister Silvio Schembri's Twitter account).