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The EU Plans To Allocate $177 Billion To Support Blockchain, 5G, And More
Summary: According to Bloomberg, EU officials plan to support technological development in the region through $177 billion in investment funds. Investment areas include blockchain, data infrastructure, 5G, and quantum computing. The specific distribution rules have not been announced. The $177 billion investment fund budget accounts for approximately 20% of the 750 billion euro ($887 billion) stimulus ...
According to Bloomberg, EU officials plan to support technological development in the region through $177 billion in investment funds. Investment areas include blockchain, data infrastructure, 5G, and quantum computing. The specific distribution rules have not been announced.
The $177 billion investment fund budget accounts for approximately 20% of the 750 billion euro ($887 billion) stimulus plan agreed by the European Union in July 2020. Ursula von der Leyen, President of the European Commission, also emphasized the importance of investing in digital technology for the entire region.
As early as April 2019, the European Union established the International Association of Trusted Blockchain Applications, whose mission is to support and promote the adoption of distributed ledger technology in the region.
By Mary Liu
Tags: Blockchain,EU
Link: The EU Plans To Allocate $177 Billion To Support Blockchain, 5G, And More [Copy]
