A blockchain to better spend EU funds after 2020
Simplification, transparency and effectiveness are terms that often occur when it comes to public spending. The management of budgets is always extremely complex and European Union is not far behind, with all the transnational interventions it provides. Not to forget that only some of the Member States use the common currency, with further complications.
Implementing the funding policies for the growth of Europe is therefore a very difficult task. That's why in the current debate on how cohesion policy should be after 2020 stakeholders clamor for simplification of procedures. And the situation is not very different when it comes to the common agricultural policy.
Blockchain, i.e. the technology behind crypto-coins (bitcoin is the first and most famous), could support a simple, transparent and effective management of EU funds. A distributed database - not located on a single server - allows to trace the transactions between elements of the same "chain" and to share the related data, ensuring a