As the blockchain sector evolves, it’s important for policy makers and industry to co-create standards to make multi-layered, interoperable chains a reality. That’s one of the recommendations made by The EU Blockchain Observatory & Forum – a European Commission initiative tasked with accelerating blockchain innovation and development – in its latest report, which identifies scalability interoperability, and sustainability as the main challenges facing the industry. Additionally, the report called for more research amid increased competition with other nations. “The EU should not rest on its laurels. Both the US and China have expressed strong support for blockchain research, with the former…

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