btc wires

European Commission Opens Up To Questions From General Public

European Commission has established an organization called the European Union Blockchain Observatory and Forum to focus on Blockchain research and development. The organization is soliciting from the general public about the nascent blockchain technology.

On Monday, the European Union Blockchain Observatory and Forum announced through a tweet that the organization is hosting a 90 minute “Ask me anything” (AMA) session on 18th June at 6 PM. The session will be conducted to address public concern about blockchain technology and future plans of the organization in the emerging field of the blockchain.

European Union’s executive arm has marked this session as a notable move to educate the general public about the basics of blockchain technology and its real-life applications. The agenda of the session can be found on the European Union Blockchain Observatory and Forum’s website.

The observatory was formally launched in February by European Commission and Ethereum start-up ConsenSys. The main focus of the observatory is on developing blockchain-based applications for cross-border remittances that can contribute to the European Single Market. In April, European Commission has announced that it will invest $400 million in blockchain related projects in next two years. The European Commission has anticipated that the technology will go in the mainstream as CoinDesk. Mario Draghi, the head of European Central has also hosted an online session earlier this year to address the questions related to blockchain and cryptocurrency posted by the public through Twitter and Facebook.