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The European Blockchain Partnership has been launched

By | Blockchain, Sin categoría | No Comments

DiEuropean Blockchain Partnershipgital Day 2018, held in Brussels on April 10th, welcomed the signature by 22 European countries of the Declaration on the establishment of a European Blockchain Partnership.

This association will promote cooperation between the different Member States in the technical and regulatory fields of Blockchain and, in addition, will prepare for the launch of Blockchain applications in the EU’s Digital Single Market. Therefore, the European Blockchain Association will guarantee the leadership of the EU in the development of Blockchain technologies worldwide.

The Commissioner of Economy and Digital Society, Mariya Gabriel, spoke about the importance and the great impact of this new technology in society:

“In the future, all public services will use blockchain technology, Blockchain is a great opportunity for Europe and the Member States to rethink their information systems, promote user confidence and protect personal data, help create new opportunities for business and establish new areas of leadership, benefiting citizens, public services and companies The Association launched today allows member states to work together with the European Commission to transform the enormous potential of Blockchain technology into better services for citizens “

The signatory countries of the agreement have been: Austria, Belgium, Bulgaria, Czech Republic, Estonia, Finland, France, Germany, Ireland, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, United Kingdom.

Background of the European Blockchain Partnership

Last February, the European Union created the European Blockchain Observatory and Forum. These two initiatives aim at highlighting the key developments of the Blockchain technology, promoting the European actors and reinforcing the European commitment with the implementation of this new technology.

Also, the European Commission has been funding Blockchain projects since 2013 through its FP7 and Horizon 2020 research programs. Until 2020, the European institution will continue to finance projects related to this technology worth 340 million euros.

What is  Blockchain technology and what is it for

The Blockchain technology  is a system that encrypts information on the Internet, which was born thanks to the creation of the digital currency Bitcoin.This system is, in fact, a distributed database composed of encrypted blockchains that make it impossible to modify the stored information.

This system provides valuable advantages in the digital world, since it allows the transfer of digital data in a totally secure way by encrypting information.

In addition, technology makes it possible to do it without a trusted third party when transferring data, since it is no longer necessary to centralize and guarantee the authenticity of data. Instead, this technology is a distributed system where the information is stored in separate modules that record and validate it.

Finally, the system guarantees that the stored information can not be erased. Therefore, it is a system that guarantees the veracity of online transactions and their traceability over time.

Event on High Performance Computing will take place in Bulgaria

By | Digitization, Sin categoría | No Comments

On April 19th, 2019, an event on High Performance Computing (HPC) will take place in Sofia (Bulgaria) in order to raise awareness of the role of High Performance Computing (HPC) as a transforming element of the European Union.

In addition, the European HPC strategy will be presented and the impact of the European Commission’s proposal on European scientific, economic and social advances, including the digital skills that the HPC has produced, will be analyzed.

The event, which has been jointly organized by the Bulgarian Presidency and the European Commission, will be attended by some 250 professionals from both the private sector and the public sector. Registration can be made until April 9th (see here).

To see the agenda of the event, click here.

Video Onboarding is fully operative in the Banking Sector in Spain

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On January 4th 2018, the Spanish newspaper El Mundo published in its “Innovadores” section an interesting article about the recent adoption of the customers Video Onboarding system in the banking sector in Spain.

The non-presential videoconference identification system was authorized by the SEPBLAC (Executive Service of the Commission for the Prevention of Money Laundering and Monetary Infractions) last May 2017.

This fact marked a turning point in the banking sector in Spain, since previously the operation had to be confirmed with a telephone call or with the signature of different documentation, which caused that approximately 40% of the clients would not finish the registration process.

Spain has been slow in adopting a remote identification system that has already been working for some time in other European countries (such as Italy or France) and which technology is already fully developed.

Mostly, financial entities have made the effort to manage the approval of a regulation that would permit them adopt the video-identification, since it is a highly regulated sector that does not allow the adoption of new procedures without previous approval.

The future of the banking sector with video Onboarding

Certainly, the approval of SEPBLAC Regulation has meant a real revolution in the Spanish banking sector.

From now on, financial institutions will live an adaptation period to the new technology,which will mainly benefit customers in the financial institutions. These will no longer have to complete their bank accounts opening via telephone or sending by post the required documents to the bank.

The technology used in the remote identification process is divided in two procedures. On the one hand, banks have a facial recognition platform to compare our face with the ID in front of the camera. They must also have an OCR tool that reads all the data of the same ID.

 

Video Onboarding process