Cait News

The European Parliament calls for the development of blockchain


Members of the European Parliament adopted last month a resolution on “distributed ledger technologies and blockchain: building trust with disintermediation” that calls for the European Commission to promote the uptake and growth of these technologies.

The resolution details how distributed ledger technologies (DLT) can support different sectors of the European economy such as the healthcare, energy or financial sectors and highlights the key role that blockchain can play in fighting counterfeit. According to the adopted text, DLTs can facilitate the forwarding and monitoring of origin of goods and therefore reduce the risk of illegal goods entering the supply chain. During the debate preceding the vote, Vice-President for the Digital Single Market, Andrus Ansip, also reminded that blockchain will help improve the efficiency of customs officers in charge of counterfeit checking.

The full text of the resolution is available here.

500 tonnes of counterfeit pharmaceutical products seized in a cross-border operation
More than 30 million counterfeit goods seized at EU borders in 2017