Here is the original link to the story i am going to copy/paste in here, as there is no way to link it in here directly.

Blockchain Is 'Going Mainstream' Says European Commission Official

Blockchain technology is entering mainstream applications, says a European Commission vice president.EC vice president Andrus Ansip highlighted blockchain technology in a speech Tuesday, calling it one of "the areas where Europe is best positioned to play a leading role" - with the caveat that the continent needs to invest much more in its technology sector. During his opening remarks at the EC's Digital Day 2018 in Brussels, he asked the EU to "commit to Europe's digital and data-based future," noting later that:

"[Blockchain is] now moving out of the lab and going mainstream. As with [artificial intelligence]: we should make the most of this new opportunity to innovate."

He mentioned the EU's investment in blockchain, as well as in artificial intelligence and digital healthcare, the conference's other focus areas. He made it clear, however, that the EU cannot provide sufficient funding on its own."We need hard cash," he said, imploring governments and the private sector to increase investments in Europe's tech sector.Ansip's remarks come two months after the EC took a larger role in encouraging blockchain work. In February, the commission, which serves in an executive role within the larger European Union, launched the EU Blockchain Observatory and Forum in partnership with the ethereum startup ConsenSys. The commission said Monday that the Blockchain Observatory would invest €300 million in blockchain-related projects.Further, the EC announced that it will form a European Blockchain Partnership to "promote interoperable infrastructures," though no further details are available at this time.More broadly, Ansip positioned the EU's investments in blockchain and other emerging technologies in the context of the Digital Single Market, with the goal of extending the EU's uniform regulatory structure to the technology sector. Part of this push for standardization is the General Data Protection Regulation, which will govern the treatment of EU citizens' personal data beginning in May."The Digital Single Market creates the right conditions and infrastructure for a functional digital Europe," Ansip said Tuesday. "But none of this comes for free."

-Overall, this is good news for blockchain technology and the price action for cryptocurrency. Bad news has hit hard recently and is driving value low enough that it appears institutional money will be coming in soon. The bad news is that when the big boys come to play, it's a lot harder for the little guys to make money.

The GOOD news however, is multi-faceted. Volatility will be curtailed, as the institutional money will ensure that they do not lose large amounts of money quickly. This also means that the increases in value will be marginal as they will use large amounts of money to make a profit, which lowers their need for a dramatic increase in price, so price action should level out to mirror (volatility-wise) that of stocks/forex.

The other thing to be excited about is that it appears that blockchain technology is here to stay. The powers that be have a lot of influence over what actually gets adopted by the masses, and they have the power to ensure that if some new piece of tech comes out that doesn't benefit them, they can usually bury it pretty well. With blockchain (which is a HUGE threat to their checkbooks), it appears that they either could not bury it due to the decentralized nature of blockchain, or they realize that a change is inevitable and they would like to get out in front of it.

Either way, what it means for us is that blockchain tech is here to stay, which is WAY more exciting than some price action up or down. Blockchain technology can revolutionize almost everything involving a ledger in some way, shape, or form for the better and I for one am excited that I get to be a part of the Blockchain Technological Revolution. It does help that I spend 8 hours a day with one of the leading blockchain developers in the world, because I can get pretty much any question I have answered immediately with as much follow up as I need to fully grasp the concept.

I hope you guys are all as excited as i am for the TECH (not the price action), and if any of you have questions for our dev you would like me to answer, im more than happy to do so. Just let me know in the comments! Have a great day u all!