European Blockchain Association  Working Groups EBA Working Groups will work towards the goal of establishing a framework and guidelines for best practices for each industry. Each Working Group will establish rules that will promote fairness, transparency, and establishing of guidelines for best practices addressing member conflicts of interest, client communications, client disclosures, and record keeping.

Working Groups will have an executive director who informs the EBA Advisory Board about the Working Group’s activities and findings. The executive director is responsible for complying with the EBA Working Group principles. The EBA has initialised the following Working Groups: Energy, Finance, Governance,, Healthcare, Industry 4.0, Mobility, Policy, Real Estate and Supply Chain. The first working group to be formally launched on November, 20, is the Working Group Finance:

EBA Working Group Finance EUFin Blockchain is expected to have a cross-cutting impact on a wide variety of financial services beyond payments, with applications ranging from payments and settlement to smart contracts, compliance and more. At the same time, possible risks must be addressed to ensure system resilience and to capture the benefits of distributed ledger technologies in the financial sector.  The EBA Working Group Finance (WGFin) gathers finance industry experts and policy makers, shares learnings, initiates matchmaking for cooperation partners and contributes to collaborative projects within the frame of EBA. Fields of interest:

  • Payments
  • Financial Accounting
  • Custody
  • Initial Coin Offerings
  • Fiat gateways
  • Legal, regulatory, compliance aspects
  • Innovative Blockchain-based financial products
  • Transformative Blockchain-based insurance services

EBA Working Group Governance EUGov Blockchain technology presents both opportunities and challenges for corporate governance and compliance, enabling new business models and forms of organisation. It may allow tracking and reporting of financial information in real time while maintaining a clearer chain of reliable and secure information of transaction histories. This has important impacts as it potentially allows for lower costs, greater liquidity, more accurate record-keeping, and transparency of ownership. Therefore, blockchain technology could increase efficiency of existing practices, as well as provide new enforcement tools for market regulators. Moreover, the governance of blockchain itself is a new frontier, forcing us to reconsider what we know as good governance. This working group will explore the possibilities of blockchain in the field of governance and will analyse what the EU-countries can learn from each other through existing pilot projects. Fields of Interest:

  • Public Administration
  • Political Elections
  • Liquid Democracy
  • Privacy in the Public

EBA Working Group Smart Cities EUScty Smart Cities are ecosystems in themselves – with challenges of meeting the growing demands for housing, food, energy, water, jobs, homes and mobility solutions. Most aspects of mobility, perhaps all beside long-haul flights, must be addressed in Smart Cities in a decentralized way to work efficiently and comply with legal and regulatory requirements. Blockchain technology presents both opportunities and challenges for Smart Cities, enabling new business models and forms of organisation. This working group will explore the possibilities of blockchain in the field of Smart Cities and will analyse what European countries can learn from each other through existing pilot projects. Fields of Interest:

  • Housing & Homes
  • Food
  • Energy & Water
  • Mobility Solutions
  • Privacy in the Public

EBA Working Group Real Estate EURe Blockchain-ba sed smart contracts allow for the tokenization of illiquid assets. One of the best known illiquid assets is real estate. Real estate is not only illiquid, it is one of the most sought after investment classes due to it‘s immobile nature and therefore (mostly) predictable performance. This working group will explore the possibilities of blockchain in the field of tokenization of real estate , on the  residential side, as well as on the commercial property side. It will analyse EU-wide regulations and laws related to real estate business.  Fields of Interest:

  • Real Estate Investing
  • Real Estate Development
  • Real Estate Management

EBA Working Group Healthcare EUGHc Blockchain technology could potentially address a few of the biggest problems in the healthcare sector. Saving the medical data of each patient on a blockchain would not only enable patients to have full control over their data but could also promote the conduction of large-scale quantitative research studies. In addition, the use of blockchain technology could also lead to a better traceability of drugs and could prevent pharmaceutical fraud. The biggest obstacles are presumed to be the lack of adoption due to technical challenges, cultural prejudices and the current legal framework. This working group will gather industry experts, policy makers and researchers to discuss possibilities and risks of implementing blockchain technology into the healthcare sector under consideration of the country-specific frameworks. Fields of Interest:

  • Medical Records
  • Clinical Research
  • Incentives for Patients
  • Drug Traceability
  • Pharmaceutical Fraud
  • Technology Acceptance

EBA Working Group Policy EUPol This working group creates a strategic discussion on the potential benefits and risks of blockchain for our economies and societies, and what governments should do to realise this potential. The conversation will set the scene for the forum in demonstrating the readiness of policymakers to leverage this technology to improve the design, implementation and impact of public policy initiatives. By reframing such concepts as trust, transparency, identity and centralised authority, distributed ledger technology has the potential to fundamentally impact how markets are structured, with implications for labour markets, development, monetary policy and more. This expert dialogue will focus on the potential implications of blockchain for the global economic landscape, highlighting possible opportunities and risks ahead. Fields of Interest:

  • Public Policy Initiatives
  • Public Discourse around Blockchain