On June 25, it was reported that both the Christian Democratic Union of Germany (CDU) and the Christian Social Union in Bavaria (CSU) would like to use blockchain technologies in public service projects throughout the country.

The two political parties, which have formed a center-right alliance, issued a joint announcement in which they stated that they would like to use blockchain technology in support of the following types of projects:

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The parties further called for the establishment of a new kind of company. They said that these companies would be linked to what they called an alternative commercial registry. This registry would allow for the storage of encrypted identification, which would be created by notaries who have received specialized training.

Both parties, though, would like to use blockchain technology for more than just interesting IT projects. They even have plans to create a government-backed digital currency. This currency would be a stablecoin that would effectively function as an electronic version of the euro. Like the euro, it would be regulated and administered by the central bank, and it would allow for the use of cryptocurrencies in the making of demand deposits.

In response to the news, the European Central Bank declined to issue a statement on the matter, stating that it does not comment on statements made by individual political parties. However, at the same time, a spokesperson for the bank indicated that it is not currently considering the establishment of any form of digital currency.

Experts in Germany expect that some of the proposals made by the two parties may be included in the official blockchain strategy of the federal government, which is scheduled to be released sometime this year. So far, both the CDU and the CSU have demonstrated a more restrained approach to digital currencies than some other parties, such as the country's Free Democratic Party (FDP). A few months ago, though, they did propose making legislative changes that would positively affect the development of blockchain technology in Germany.