Using the Recovery and Resilience Facility to support blockchain and EBSI activities

The Recovery and Resilience Facility (RRF) will make €672.5 billion in loans and grants available to support reforms and investments undertaken by Member States. The aim is to mitigate the economic and social impact of the coronavirus pandemic and make European economies and societies more sustainable, resilient and better prepared for the challenges and opportunities of the green and digital transitions.

The recovery and resilience plan of each Member State must include a minimum of 20% of expenditure to facilitate the digital transition. The Commission is currently developing a methodology to ensure investment is channeled to both infrastructure and digital capacities. The RRF is giving Member States the opportunity to reinforce their contribution to the EBSI project thus enhancing public services by embracing digital transformation.

News from the European Blockchain Observatory and Forum

The 29 October workshop “Central Bank Digital Currencies – Do we need them?” aimed to discuss the impact of different options of programmable money to real economy and finance, by inviting representatives from industries, stable coin providers and central bankers. Presentations and recorded sessions will be available here. 

Analysis reports on national blockchain ecosystems are to be published in early November here.

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