Organised by the Ministry of Economic Development and Technology, the Noordung Hub and Tolar HashNet, a blockchain developer, the event featured representatives of businesses and states from the EU, as well as Indonesia, China, Malaysia, Taiwan and South Korea.

Bulc believes that this technology represents one of the key steps in introduction of TCP/IP protocols as the foundation of the internet as we know it today.

"I wish that the developers of this global trend would not forget that this is a tool that should serve the democracy and a positive development of the human race and improve cooperation among people, because it helps improve the efficiency of all systems in which we operate," the commissioner said.

The European Commission is concerned above all about the role of regulators and what standards needed to be introduced to ensure that these systems remained open, said Bulc.

She believes the technology could be the most useful in finance, but also in healthcare and state administration. Among other things, Bulc hopes that online elections could become reality across the EU.

At the forum, Tolar HashNet presented its new generation blockchain technology, which makes it a global leader in the field. CEP Tadej Slapnik said that companies across the world would be able to develop applications for the private and public sectors using the company's technology.