Macron Says EU Could Integrate Blockchain To Start New Wave Of Innovation

Mar 2, 2019 at 10:10 Update Date :Mar 2, 2019 at 10:10 UTC

The French Head of State Emmanuel Macron has voiced out his opinion on the use of growing digital technologies like Blockchain in the European Union nations, in a bid to provide some sort of boost to other industries.

Speaking at the inauguration of the 56th International Agricultural Fair in Paris, Macron stressed on the need to develop blockchain technology to make it possible to track and authenticate the distribution of products.

Addressing global citizen concerns, Macron said:

Let’s do this in Europe, [be at the] the vanguard of agricultural data by developing tools that will track every product from raw material production to packaging and processing.”

Speaking out in general over Europe’s current agricultural policy and the new innovations required to make it a pro-farmer theme, Macron noted that in coming times, new regulations would be introduced to safeguard farmer and consumer rights against market volatility and factors such as global warming.

The main aim, as Macron said, should be to do this in a conservative manner and steps like more ecological oriented farming with help of modern-day technologies and innovating ideas, can help achieve this goal more swiftly.

French President Macron has called on other EU member states in order to support his proposed bid to help integrate technologies like blockchains to greater effect with the help of a combined European committee that will oversee and safeguard the agriculture industry’s future interests.

Also Read: Harvard Cryptographer Terms Cryptocurrency As “Honestly Useless”

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