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Friday, August 12, 2022

Ukraine Has Joined The European Blockchain Partnership

Ukraine has turned out to be the third country after Norway and Liechtenstein, to join the European Blockchain Partnership. For those who are unaware, this is an initiative derived by 27 member states of the EU to deliver public services over the border. The Ministry of Digital Transformation in the country recently announced the move to join the EBP on the 17th of June as an observer initially.

The ultimate goal for the country would be to integrate its digital economic space with the EU. Therefore, the country has planned on expanding its interstate blockchain network partnership with the other member states. 

Ukraine Has Plans After Joining the EBP

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The intention of Ukraine to join the EBP dates back all the way to 2021, when the head of the Parliamentary group Oleksii Zhmerenetskyi, and Konstantin Yarmolenko- the CEO and founder of Virtual Assets of Ukraine, reportedly wrote a letter to Ursula von der Leyen, the president of the European Commission. The latter then went on to declare the interest of this East European country in joining the EBP and the European Blockchain Services Infrastructure. Later, the President of the EC confirmed the chances of the country’s accession to the EBP simply as an observer. 

In an interview with Cointelegraph, Yarmolenko went on to state the interest of Ukraine in running test nodes of the ESBI along with pilot use cases of the cross-border public services that had their base in blockchain technology. He went on to highlight the donations of cryptocurrency during the Russia-Ukraine war as an important support for their cause. 

After Ukraine spends a considerable amount of time with the EBP as an observer, the country would be aiming toward full membership. Yarmolenko has further revealed that the country would be targeting additional blockchain partnerships to provide the citizens with public services. 

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