In Germany, the CDU and CSU Union desires to integrate blockchain technology into public services, Top Market Group reported on June 25.

The CDU and CSU Union represent the center-right Christian democratic political alliance of 2 parties in Germany, the Christian Democratic Union of Germany (CDU) and Christian Social Union in the province (CSU).

In the original announcement revealed earlier today, the Union disclosed that it needs to use blockchain for public service tasks like administrative services, electronic health records, document protection, and registration.

Specifically, the CDU and CSU Union projected the creation of a brand new form of company, that ought to be linked to an alternate commercial register. The system ought to alter a digital, encrypted identification, that is completed by specially trained notaries.

The plans of the Union, however, go so much beyond blockchain administration services. The blockchain consultants of the CDU and CSU parliamentary group and deputy parliamentary group leader Nadine Schön conjointly support the event of a state cryptocurrency.

The cryptocurrency ought to supposedly be realized in the kind of an e-euro as a stablecoin, that — just like the monetary unit — is administered and controlled by central banks. These "ought to be spent through business bank crypto-tokens that handle them as interest stores," the paper said.

The European central bank (ECB) declined to comment claiming that "it doesn't investigate individual party statements." but, a spokeswoman told Dow Jones News that digital central bank currencies don't seem to be a choice for the ECB.

The new positions of the CDU and CSU parliamentary group are possible to be reflected a minimum of in part within the Federal Government's blockchain strategy, that is scheduled for launch this year. Previously, the Union parties had shown an additional restrained attitude towards cryptocurrencies than the FDP. an editorial published by the CDU and CSU in April envisaged legislative changes to the blockchain space and a pro-innovation approach.

To know more on Cryptocurrency and Blockchain events, follow us on Facebook, YouTube,  Twitter, LinkedIn, Reddit, Telegram, BitcoinTalk, and we are also on Medium now