COMPANIES & STRATEGIES - FINANCE & LEGAL

Ebsilux

Luxembourg joins cross-border blockchain network



The European Blockchain Partnership aims to help unleash the potential of blockchain-based services for the good of society and the economy.  Photo: Shutterstock

The European Blockchain Partnership aims to help unleash the potential of blockchain-based services for the good of society and the economy.  Photo: Shutterstock

The grand duchy will be part of the first Europe-wide network of distributed blockchain nodes thanks to a partnership between Luxembourg’s ministry for digitalisation, two research platforms and a specialised promotion group.

Luxembourg’s ministry of digitalisation; the Luxembourg Institute for Science and Technology (LIST); the University of Luxembourg’s Interdisciplinary Centre for Security, Reliability and Trust (SnT); and Infrachain asbl make up the four heavyweights developing the European Blockchain Services Infrastructure Luxembourg (Ebsilux) Project in the grand duchy.

Ebsilux comes after the 2018 creation of the European Blockchain Partnership, involving all EU member states and the European Commission, helping unleash the potential of blockchain-based services for the good of society and the economy.

According to Ebsilux’s site, the ultimate goal is to build cross-border blockchain-based services that will allow public administrations and their ecosystems to verify information and build trust in their services.

It is hoped that the final network will ensure improved access to trans-European services.

The minister delegate for digitalisation, Marc Hansen (DP), is expected to speak further on the subject on 14 July.