Share this article
EU Government Pegs Blockchain as Beneficiary of €30 Billion Research Fund
The European Commission has announced €30 billion on new investments in technology initiatives including those involving blockchain.
By Stan Higgins
Updated Sep 13, 2021, 7:05 a.m. Published Oct 30, 2017, 9:00 p.m.
The European Commission has announced €30 billion on new investments in technology initiatives including those involving blockchain.
The funding would come through the Horizon 2020 initiative, which to date has been supported by €77 billion in public funding.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The goal is to support new investments in the areas of "migration, security, climate, clean energy and digital economy", as well as "breakthrough, market-creating breakthrough[s]," according to a statement from Oct. 27. Clean energy is poised to be a major area of focus, with €3.3 billion expected to be committed between 2018 and 2020.
As previously reported by CoinDesk, the Horizon program has been the source of as much as €5 million in financial support for blockchain projects within the EU to date. Indeed, the European Commission has expressed support for committing funds to blockchain research in the past, including work on projects like a database of public company data built on the tech.
While it's not clear how exactly the funds will be spent in relation to blockchain, a representative for the Commission highlighted blockchain's role in the effort in a statement.
"Artificial intelligence, genetics, blockchain: science is at the core of today's most promising breakthrough innovations. Europe is a world leader in science and technology and will play a major role in driving innovation," said Carlos Moedas, commissioner for research, science and innovation.
Image Credit: roibu / Shutterstock.com
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Dogecoin Hovers Near Key Support as Fed Easing Fails to Spark Risk Rally
Despite elevated trading activity, Dogecoin faces resistance near $0.1425, and its future movement is likely dependent on broader market sentiment.
What to know:
- The Federal Reserve's 25-basis-point rate cut has led to mixed market reactions, with Dogecoin trading quietly within its established range.
- Dogecoin's price remains stable between $0.13 and $0.15, with whale wallets accumulating significant amounts of the cryptocurrency.
- Despite elevated trading activity, Dogecoin faces resistance near $0.1425, and its future movement is likely dependent on broader market sentiment.
Top Stories
