The latest report from the International Association for Trusted Blockchain Applications (INATBA) delves into the transformative impact of blockchain technology across various industrial sectors in Europe. Titled “EU Consortia in Focus – Exploring Global Trends in Industrial Blockchain Projects”, the report provides an in-depth analysis of current trends and highlights key initiatives, including the ongoing efforts to enhance European influence in blockchain standardization.

Key Highlights from the INATBA Report

The INATBA report provides valuable insights into blockchain’s evolving role:

  1. Public Sector Innovations: Key projects like the European Blockchain Services Infrastructure (EBSI) and the EU Blockchain Observatory & Forum (EUBOF) are central to advancing Europe’s digital infrastructure.
  2. Supply Chain Enhancements: Blockchain initiatives such as Catena-X and Manufacturing-X are driving improvements in supply chain transparency and efficiency.
  3. Energy and Sustainability: Projects like Digital Identities in the Energy System (DIVE) and GAIA-X iECO are pushing forward sustainability and operational excellence in energy management.
  4. Sectoral Contributions: The report explores blockchain’s impact on mobility, construction, and circular economies, highlighting its role in driving innovation and sustainability.
  5. Regulatory Compliance: Blockchain’s support for regulatory frameworks, including carbon emission reporting and the European Digital Identity Wallet (EUDIW), is also discussed.

BlockStand’s Role in European Blockchain Strategy

A significant highlight of the report in the area of standardization is its focus on BlockStand, a major initiative aimed at strengthening Europe’s leadership in global blockchain standardization. BlockStand is designed to ensure that international blockchain standards align with EU values and address specific regional needs. By supporting approximately 40 experts in blockchain and distributed ledger technology (DLT) standardization, BlockStand plays a vital role in advancing Europe’s strategic goals and reinforcing its influence in the global standards-setting process. This initiative exemplifies Europe’s commitment to shaping global blockchain policies and fostering technological innovation.

Integrating BlockStand’s Objectives

The report illustrates how BlockStand’s goals align with broader trends in blockchain development. By focusing on aligning global standards with European principles, BlockStand is a key example of Europe’s strategic approach to shaping international blockchain policies and promoting technological innovation.

About BlockStand

BlockStand.eu, backed by the EU Digital Europe Programme, is offering €400,000 in funding to advance blockchain and distributed ledger technology (DLT) standardization. This initiative supports innovative projects, with up to €4,000 available per deliverable for projects lasting 3 to 12 months. Open to individuals and companies, the funding aims to foster development and implementation of these technologies in Europe.

The next cut-off deadlines are set for: August 15, October 15, December 15, 2024, and February 15, 2025. Please be aware that all the submitted activities must be completed by 31 March 2025. For more information and to apply, visit the dedicated page.