Study on blockchain

This report is the result of the ‘Study on Blockchains: legal, governance and
interoperability aspects (SMART 2018/0038)’ (also referred to as: the ‘Study’) carried
out by Spark Legal Network, Michèle Finck, Tech4i2 and Datarella for the Commission’s
Directorate‑General for Communications Networks, Content and Technology,
Directorate F: Digital Single Market, Unit F3: Digital Innovation and Blockchain. The
overall objective of the Study is to provide evidence and support for policy approaches
and concrete actions within the European blockchain initiative and to contribute to the
building of an EU strategy in light of blockchain developments. The Study therefore
analyses and assesses the legal framework in the EU with regard to blockchain
technology and presents policy options where a need for adjustment or clarification is
required. Additionally, the Study assesses what the impacts of blockchain and the
proposed policy options could be on the economy and society with a view to considering
future blockchain policy developments.