With apologies to my European friends (I’m also European), this article illustrates how the EU is a second rate sucker in technology. While they boast and believe that they’re cutting edge because they’re investing in Blockchain, the likely reality is that they’re jumping on a false trend and Blockchain and its thousands of buzzwords will fizzle out, as it’s sustained only by fomo and speculation.
Governments typically have sub-par IT and software engineering (when done in house). When it's venture capital, investors are playing with their own money*, so there's a good incentive to be right and pick the right people/tech. But here, it seems like it's bureaucrats that are going to be deciding what to invest in, isn't it?
DARPA got it right a couple of times in the past, so I could be wrong.