Denmark Joins EU Blockchain Partnership

Denmark has signed an agreement to join a sum of 24 European Union member states that support pan EU blockchain agencies and organizations, local news outlet Finans Watch revealed June 4.

The EU blockchain association was established on April 10 as a major aspect of the European Commission’s Digital Day with the aim of upgrading participation among member states for creating blockchain tech.

Brian Mikkelsen, the Danish Minister for Industry, Business, and Financial Affairs, said in the wake of signing the declaration Monday that Denmark will be “the first country in the world [to] use blockchain technology to register ships in the Danish ship registers.” He included:

“Blockchain goes across borders, and a joint European cooperation is crucial to ensure future-proof standards and solutions. So I’m very pleased that we have now signed this declaration.”

Mikkelson also noticed that the administration’s “outside the box” Disruption Council is investigating blockchain use for the business part.

Yesterday, June 4, a subsidiary of Abu Dhabi Ports additionally declared a blockchain solution to enhance effectiveness in the transportation and logistics industry. Toward the beginning of May, the CEO of FedEx alluded to blockchain as the “next frontier” for worldwide supply chains.