Investments in blockchain and digital technologies will become part of a large-scale program to support the economy in the EU countries. The cost of the program is estimated at $ 887 billion.
About a fifth of this amount – about $ 177 billion – will go towards digital development.
As Ursula von der Leyen, President of the European Commission, said, in addition to the blockchain, funds will be used to create infrastructure, develop 5G technologies, develop low-energy processors, digital transformation projects and create ways of secure quantum communication.
The projects will be distributed among several EU countries. It is not yet known the number of projects in each category, as well as the amount of their financing.
In early June, the European Investment Bank conducted a study on the volume of investments in blockchain and artificial intelligence. According to analysts, the European Union lags behind the United States and China in terms of investment in these industries, and in the future the gap will only widen.
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