According to Odaily Planet Daily, on Tuesday, the European Union established a new organization to introduce blockchain infrastructure and improve record keeping and data transfer between the 27 EU member states. This was carried out during the European Council Telecommunications Ministers' Meeting in Brussels, where lawmakers also approved the EU's landmark artificial intelligence law. Mathieu Michel, Belgian Secretary of State for Digitalization, said that blockchain infrastructure will affect individuals and companies. Michel promoted the blockchain project managed by EU countries and called it Europeum.
"Europeum will be a tangible presence in the daily lives of European citizens," he told a news conference. It will allow citizens to trace the origin of their products and enable businesses to protect their intellectual property by maintaining data on an immutable blockchain network, he said. Ten European member states, including Italy, Poland and Greece, have agreed to help operate and launch the EU blockchain. Other European countries will still be able to use this blockchain infrastructure. Michel added that more countries are expected to join. Germany and France have not yet committed to the arrangement, but the latter has been supportive of the project. The project has been under construction since 2017, with developers and companies creating a prototype that is now operational.