14 Jul Industrial Blockchain Task Force Report: EU Consortia in Focus – Exploring Global Trends in Industrial Blockchain Projects
We are happy to announce the publication of our latest report, a result of the extensive efforts and dedication of the INATBA Industrial Blockchain Task Force. The report presents an overview of the status of the large and growing number of public and private consortial projects with relevance for an industry or a number of sectors, as they are using, suggesting or standardising blockchain technology as part of their innovation roadmap.
Report Structure
The report delves into public infrastructure initiatives such as the European Blockchain Services Infrastructure (EBSI) and the EU Blockchain Observatory & Forum (EUBOF), highlighting their pivotal roles in shaping Europe’s digital future.
A significant portion of the report focuses on Supply Chain and Digital Product Passports, examining initiatives like Catena-X and Manufacturing-X that enhance transparency and efficiency in supply chain management. It further explores innovations in Energy & Grid Management, Mobility, Construction, and Carbon Credits & Circular Economies, showcasing projects like Digital Identities in the Energy System (DIVE) and GAIA-X iECO that drive sustainability and operational excellence.
The report also addresses critical issues such as Sustainability Reporting & Legal Compliance, covering topics like Carbon Emission Reporting and the role of the European Digital Identity Wallet (EUDIW) in regulatory frameworks.
Furthermore, it explores Blockchain & Tokenisation in the Financial Sector, discussing initiatives such as Central Bank Digital Currencies (CBDCs) and Asset Tokenisation, illustrating their transformative potential in financial markets.
Lastly, the report highlights efforts in Standardisation and encompasses overarching topics like Hyperledger and LACChain, underscoring their contributions to global blockchain innovation.
Key Takeaways
- Blockchain Beyond Hype: Blockchain technology has transitioned beyond the hype phase, with current emphasis on projects that demonstrate its genuine and practical applicability across various industries.
- Global Disruptions: The past five years, marked by global events like COVID-19 and geopolitical conflicts, have reshaped industrial priorities and policy agendas, emphasising resilience and adaptability.
- Exponential Technology Impact: The next decade will be pivotal, defining the future of industries and regions through exponential technologies like blockchain, which offer enhanced security, automation, governance, and efficiency.
- Infrastructure Investment: Public institutions and corporations need to invest in developing robust infrastructure to support technological advancements, avoiding bias against technologies due to political or operational reasons.
- Blockchain Capabilities: Blockchain technology offers unique capabilities such as secure registries, flexible transparency options, secure automation, governance tools, cryptographic security, and enhanced resilience, capable of transforming sectors and enhancing operational efficiency.
- Strategic Adoption: While not advocating blanket adoption, the report encourages strategic use of blockchain where it best serves societal and industrial goals, particularly highlighting its proven integration into highly regulated sectors like finance.
- Innovation Imperative: Innovation is no longer optional but essential for navigating future challenges, including demographic shifts and geopolitical uncertainties, requiring continuous pursuit of excellence.
Through this report, the INATBA Industrial Blockchain Task Force emphasizes the importance of strategic blockchain integration in achieving both industrial and societal objectives. By fostering a balanced approach and harnessing blockchain’s potential, industries can navigate future technological landscapes with confidence and foresight.
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Our thanks go out to all the authors, contributors and reviewers of the report:
Sebastian Becker, INATBA Board Member, thebrainbehind GmbH
Izzat-Begum B. Rajan, INATBA Board Member, Imani Partners
Constantin von Alten, MHP – A Porsche Company
Ismael Arribas, Kunfud
Natalie Avram, IOTA Foundation
Alex Bausch, 2Tokens
Manuel Beckert, INATBA
David Collett, SEKAI
Åsa Dahlborn, IOTA Foundation
Igor Dunayev, Blockchain Ukraine
Simon Engel, SAP
Marianna Faraldi, Tecnoalimenti
Tan Gürpinar, INATBA Academic Advisory Board, Quinnipiac University and Fraunhofer Institute of Material Flow and Logistics
Daniel Heinen, Bundesblock
Laura Kajtazi, IOTA Foundation
Samuel Seongeun Lee, The World in 2050
Shurong Li, Tokeny
Dónal O’Regan, Fujitsu
Hugo Volz Oliveira, Instituto New Economy
Taras Paschenko, Simcord
Katarina Preikschat, MHP – A Porsche Company
Jos Röling, 2Tokens/IBM
Erich Schnoeckel, 2Tokens
Mario Schraepen, LinkedCar
Ricardo Simões, INATBA
Jens Strüker, INATBA Academic Advisory Board and Fraunhofer Blockchain Lab
Luigi Telesca, Trakti
Antonio Tresca, Trenitalia SpA
Christof Urbaczsek, MHP – A Porsche Company
Till Zwede, Fraunhofer Blockchain Lab
Peter Busch, Robert Bosch GmbH
Joachim Schwerin, INATBA Governmental Advisory Board and European Commission
Evrim Tan, INATBA Academic Advisory Board and KU Leuven
This report will remain open and organic for new projects to be added on a continuous basis. Please don’t hesitate to reach out to us at bara.greplova (a) inatba.org if you want your project to be considered.
If you want to learn more about the work of the Industrial Blockchain Task Force, visit https://inatba.org/industrial-blockchain-task-force/
We invite you to explore the full report by downloading it via the form below:
Press Contact
Email: pr@inatba.org
About INATBA
Launched in 2019 by the European Commission, INATBA – International Association for Trusted Blockchain Applications is a highly influential Association in advocating for Blockchain and DLT adoption in Europe and globally. INATBA is mainly known for its credibility with regulatory authorities and policymakers and is appraised for its contributions to Markets in Crypto Asset Regulation (MICA), Transfer of Funds Regulation (TFOR), electronic Identification, Authentication and Trust Services (eIDAS), CHAISE Project, EU Pact for Skills, Academic & Governmental Advisory Bodies, and its passionate diverse global community of CEOs, CTOs, Heads of Policy, Public/Institutional Relations, Legal, Marketing & BizDev, Developers, Policymakers. To learn more, visit www.inatba.org.