Denmark has joined the European Union’s blockchain standards and solutions partnership, saying it will use the technology for shipping, Cointelegraph reports, quoting the Danish site Finans Watch. Twenty-four EU members have now joined the blockchain partnership since it was formed on April 10.
Brian Mikkelsen, the Danish Minister for Industry, Business and Financial Affairs, said that with this agreement, Denmark will be “the first country in the world [to] use blockchain technology to register ships in the Danish ship registers.”
Global supply chains could be the next frontier for blockchain. Back in May, FedEx Chairman Roger W. Smith said during the Consensus 2018 conference that as logistics become increasingly global, blockchain “has the potential to completely revolutionize trade across borders.” Read more here.