The European Parliament has adopted a non-legislative Resolution citing the benefits of distributed ledger technologies (DLT) and calling on the Commission to develop a comprehensive legal framework to support their development. 

The resolution highlights beneficial use-cases for DLT, including: 

  • reporting on clinical health trials. 
  • mobility and logistics, registration of vehicles, verification of driving distances, smart insurance and charging of electric vehicles.
  • verification of academic qualifications, encrypted educational certification (e.g. ‘blockcerts’).
  • improving supply chains, such as monitoring of origin of goods for consumer protection. 
  • allowing households to produce and exchange alternative energy. 
  • Tracking, management and protection of intellectual property rights/licensing. 
  • financial intermediation and reducing transaction costs. 
  • control over personal data management and data sharing. 
  • reducing administrative burdens in the public sector. 

The Resolution calls for the European Commission to develop a European legal framework to, for example: 

  • solve any jurisdictional problems in dealing with fraud and crime; explore the potential of smart contracts; 
  • raise awareness of DLTs; 
  • monitor technological developments (such as quantum computing), assess technological risks, support resilience to a cyberattack or a system breakdown; and 
  • bridge the digital divide among various member states.