The world’s largest IT companies have created the Coalition for Open Digital Ecosystems (CODE) to develop the EU’s open digital space.
Key players in the digital industry including Google (Alphabet), Facebook (Meta), Qualcomm and 7 more technology giants have united to form the Coalition for Open Digital Ecosystems (CODE) in response to increased European Union (EU) regulation in the field of information technology.
The initiative aims to develop open digital ecosystems that will drive growth and innovation on the European continent.
CODE intends to work closely with academia, policy makers and companies to achieve digital openness in the EU. Particular attention is paid to the implementation of the Digital Markets Act (DMA) and the development of the future EU regulatory framework in this area. The DMA requires tech giants to ensure their services are compatible with third-party solutions and enable business users to conduct commerce across platforms.
In addition to the listed companies, the coalition includes such well-known brands as Honor, Lenovo, Lynx, Motorola, Nothing, Opera and Wire. The diversity of participants underlines the comprehensive and international nature of this initiative.
Stan Larroque, founder of Lynx, stressed that the key to innovation and increased competitiveness in Europe is openness. He notes that in recent months there has been a lot of discussion about what is “good” in digital ecosystems and what will drive innovation.
The CODE initiative opens a new chapter in the development of the digital space of the European continent. This merger of tech giants could have a significant impact on the future of the EU’s digital industry. Such efforts at openness and collaboration not only promote innovation, but may also prevent more stringent regulation in the future.