Distributed Ledger Technology
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This pioneering document, commissioned with the primary objective of ensuring that blockchain systems align with and promote European values, marks a pivotal moment in the realm of blockchain technology and its ethical implications within the EU framework. It represents a dedicated year-long collaborative effort by a panel comprising ten distinguished blockchain experts. The guidelines comprehensively address… Read more
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The Digital Standards Initiative (DSI) of the International Chamber of Commerce (ICC) is on a mission to digitalise global trade by addressing some of the biggest challenges facing governments, businesses and people today. Among the four challenges1we have identified, perhaps the steepest one is around standards for interoperability. With hundreds of electronic and digital standards… Read more
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The e-book provides an in-depth look at the evolving digitalization in trade finance. It discusses how digital solutions are transforming traditional trade processes, improving efficiency, transparency, and security. Key technologies covered include blockchain, artificial intelligence, and electronic documentation, which help streamline operations like payments and risk management. The guide also explores the benefits of adopting… Read more
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Tokenisation is often touted to unlock vast potential, particularly in markets plagued by inefficiency and illiquidity. There is a market consensus forming that investors are drawn to adopt tokenised assets due to reduced transaction costs and enhanced liquidity. For institutions on the supply side, the allure seems to lie in accessing new capital, boosting liquidity,… Read more
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Legal Framework for Digital Development and Transformation in Selected Industries
In recent years, the development and widening application of emerging digital technology – e.g. Web 3.0 technology (including distributed ledger technology (“DLT”)), Internet of Things (“IoT”), artificial intelligence (“AI”) and automation – have transformed ways through which economic activities are conducted, leading to the emergence of a “digital economy”. Specifically, Web 3.0 technology may disrupt… Read more
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U.S-EU Joint Statement of the Trade and Technology Council
The sixth ministerial meeting of the Trade and Technology Council (“TTC”) took place in Leuven, Belgium, on 4 and 5 April 2024. It was co-chaired by European Commission Executive Vice President Margrethe Vestager, European Commission Executive Vice President Valdis Dombrovskis, United States Secretary of State Antony Blinken, United States Secretary of Commerce Gina Raimondo, and… Read more
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Working paper: Towards a European “Trade Services” Regulation
Within international trade, transferable documents allow to request delivery of goods and payment based on possession of the document. Yet, it has been difficult to reproduce the notion of possession, which has to do with control over tangible goods, in an electronic environment. In order to address that situation, the adoption in 2017 by the… Read more
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EU-Japan Memorandum of Cooperation on Digital Identities and Trust services to implement Data Free Flow with Trust
This Memorandum of Cooperation describes how the Digital Agency of Japan and the European Commission intend to take collaborative actions on digital identity in order to facilitate Data Free Flow with Trust. The Memorandum should be implemented through a number of collaborative actions that will build shared commitment on digital identity initiatives and complement the… Read more
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Study on the Potential of Blockchain Technology and Other Digital Tools in Facilitating EU Climate Policy Implementation
This study explores the potential of blockchain technology and digital solutions to support the implementation of European Union (EU) climate policies by the European Commission. The main objective is to identify EU climate policies that can benefit from distributed ledger technologies (DLT) and digital tools. The study comprises three tasks: The study evaluates the advantages… Read more
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The harnessing of blockchain technologies, to contribute to development priorities in countries and the achievement of the Sustainable Development Goals, is discussed in this note. The potential of blockchain technology for sustainable development is illustrated, demonstrating how its use might revolutionize processes in various areas, from finance to trade and from government public services to… Read more