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Home Technology

EU Targets Blockchain, Data in ‘Make or Break’ Tech Investment

Rate Captain by Rate Captain
September 15, 2021
in Technology
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The European Union will invest in blockchain, data infrastructure and high-performance computing as part of a multibillion-euro push to stoke technology development across the bloc.

The projects, to be organized across several EU countries, add to a regional push toward manufacturing semiconductors after a global shortage forced carmakers to slow production lines. The European Commission didn’t give details of how much would be invested in each technology area.

About a fifth of the EU’s 750 billion-euro ($887 billion) pandemic recovery fund will be spent on digital technology with digital “the make-or-break issue” for the region, EU Commission President Ursula von der Leyen said Wednesday.

Officials want to direct funding in several areas by 2030:

  • data infrastructure

  • low-power processors

  • 5G communication

  • high-performance computing

  • secure quantum communication

  • public administration

  • blockchain services

  • digital innovation

  • investing in people’s digital skills

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