European Commission considers Blockchain as an important part of it

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To combat the spread of false information online, the European Commission (EC) has recently named blockchain technology to be part of its framework. Blockchain applications can help provide transparency, reliability, and traceability of news on the Internet. Blockchain has been identified as a critical part of what it will call the Code of Practice on Disinformation. Blockchain technology is one of “emerging technologies which are changing the way information is produced and disseminated, and have the potential to play a central role in tackling disinformation over the longer term.” as per the EC.

Research activities of the European Union’s research funding body Horizon 2020 Work Programme will include Blockchain development, “the biggest EU research and innovation funding programme ever.”

The EC says The Commission mentioned that other identification processes can be combined with distributed ledger technology (DLT):
“Innovative technologies, such as blockchain, can help preserve the integrity of content, validate the reliability of information and/or its sources, enable transparency and traceability, and promote trust in news displayed on the Internet. This could be combined with the use of trustworthy electronic identification, authentication and verified pseudonyms...”

The EC High-Level Expert Group (HLEG) calls for more transparency from online platforms to fight the spread of false information online. The commission’s next step is to develop the EU-wide Code of Practice on Disinformation.

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