European Commission to introduce blockchain regulatory sandbox by 2022. Together with a thirty-country alliance called the European Blockchain Partnership (EBP), the European Commission plans to introduce a pan-European regulatory blockchain sandbox by 2022.
According to an update on the official webpage for the commission’s Digital Innovation and Blockchain team on Sep. 23, the European Commission will work with EBP on the sandbox to test use cases of blockchain and digital assets in the European Blockchain Services Infrastructure, or EBSI. The EBSI is a joint initiative of the European commission and the EBP that aims to deliver cross-border digital public services across the EU using blockchain technology.
The sandbox will also test use cases like data portability, smart contracts and digital identity in sectors such as health, the environment, connectivity and energy.