The European Union will adopt laws for the introduction of blockade technology into trade and business.

The European Parliament (EP) seeks to accelerate the adoption of laws regulating the use of blockade technology in trade and business in this region. On December 13, the European Union legislature adopted a resolution entitled "Blocchin: A Promising Trade Policy," in which it discusses how the latest technologies can improve EU trade policy, including free trade and mutual recognition agreements. The resolution says that BlockChein will help improve the transparency of supply chains, simplify trade processes, reduce costs, eliminate corruption, detect attempts to evade taxes, and increase the security of the data used. However, it emphasizes that cybersecurity remains a key issue. Further, the resolution explains that, in spite of previous trade successes, EU free trade agreements are still insufficiently used. On average, only 67% of exporters and 90% of importers use preferential tariffs in the European Union and partner countries. The use of blockade technology will allow traders to download all documents in one place, including those that are linked to compliance with the requirements, so that they can benefit from reduced rates. The technology will also allow authorities to automatically receive information about market participants and improve the verification of their trading activities. According to the EP, small and medium-sized enterprises can also benefit from the use of blockade, as this will enable them to improve the interaction between transaction participants, ensure security of payments and simplify business through the use of smart contracts. In addition, the resolution emphasizes the need for the development of "global standards of interoperability" to simplify transactions between blocks and improve supply chain performance. The resolution also calls on the European Commission to monitor current pilot projects on global supply chains, as well as draft rules for the use of blockade in international trade. Finally, the EP addressed the European Commission with the following words:"The European Union has the opportunity to become an influential player in the field of blockade and international trade, playing a key role in this, as well as in active cooperation with international partners." Earlier this month, France, Italy, Spain, Malta, Cyprus, Portugal and Spain signed a joint declaration on the promotion of the blockade in order to improve their economies.

Information from the site: https://mining-cryptocurrency.ru/primenenie-tekhnologii-blokchejn-v-torgovle/