It has been reported that the government of the German state North Rhine-Westphalia (NRW) will establish the European Blockchain Institute.
The main aim of the institute is to do research on blockchain technology and address concerns that blockchain technology cost too much energy.
According to Andreas Pinkwart, NRW Economics Minister, blockchain technology can be safe, decentralized, affordable and when properly used no too energy-intensive.
The press release also reveals that despite Europe’s more progressive policy towards blockchain and cryptocurrencies it has fallen behind in blockchain advancements and needs to catch up.
This is what exactly the European Blockchain Institute plans to offer with the intent of becoming the leading blockchain institute in Europe.
