The European Commission announces bids for pre-commercial purchases for EU networks or PCPs.

Generally speaking, PCP is a government purchase of R&D services to adapt new or emerging technologies to their needs.

This PCP will focus on developing a new blockchain solution based on EU legal frameworks such as GDPR, electronic identity, authentication and trust services, and routing of networks and information systems.

The process will involve awarding several R&D contracts in parallel with existing service providers who are believed to offer the best value for money.

These vendors will then develop solutions in stages, reducing the number of contractors moving into each subsequent stage.

The PCP will be implemented in cooperation with the European Blockchain Partnership and build on work already done.

EBP was created in April 2018 with the goal of creating a European blockchain service infrastructure.

It aims to provide cross-border government services across the European Union using blockchain technology. However, current work with EBSI focuses on applications that can be easily implemented using existing blockchain technologies.

The PCP aims to bridge the gap between existing solutions and a custom system that is fully in line with the EU’s legal framework, safety, reliability, compliance and sustainability.

As Cointelegraph reported, in September the European Union and EBP announced plans to launch a pan-European regulatory protection fund by 2022.

This latest call for bidding appears to reinforce the European Union’s commitment to invest in blockchain technology and distributed ledger. The bid is open until January 28, 2021.

Source: CoinTelegraph