The Industrial Blockchain Task Force, formed by the International Association for Trusted Blockchain Applications (INATBA), has been established to evaluate blockchain technology projects in Europe. The task force aims to promote innovation and collaboration in various industrial sectors through the use of blockchain, with a particular focus on VeChain. This initiative brings together experts from both the public and private sectors to assess and analyze tech infrastructure projects utilizing blockchain technology.
The main objective of the task force is to produce a comprehensive report by January 2024, which will map these projects and evaluate their technical foundations, identify synergies, and address any gaps. This report will provide valuable insights for decision-makers, foster innovation, and enhance reporting and regulatory compliance efforts across Europe.
VeChain is thrilled to be part of the Industrial Blockchain Task Force, joining forces with industry giants like Siemens, Accenture, and Fujitsu. Together, they are driving innovation, evaluating use cases, and exploring the role of blockchain in the European Union.
The core mission of the task force is to empower industrial decision-makers by analyzing projects that build robust industrial products and processes, leveraging the synergy of blockchain and AI. VeChain plays a significant role in this collaborative effort, with its expertise in blockchain technology and its applications in supply chain management and product authentication.
Ricardo Simoes, Executive Director of INATBA, highlighted the significance of this initiative, stating that it represents a significant step forward in facilitating EU collaboration and underlines the versatility of blockchain use in pillar industries.
Sebastian Becker, the initiator of the task force and a Board Member of INATBA, emphasized the importance of this endeavor for the EU’s future technology landscape and innovation discussions.
The key focus areas of the Industrial Blockchain Task Force include evaluating existing use cases, promoting corporate and consortial collaboration, advocating for standardization in major industries, and exploring blockchain’s role in upcoming EU policy goals and initiatives. Task force members will actively participate in bi-weekly meetings to collaborate and gain access to advanced blockchain capabilities.
As utility tokens move towards regulatory compliance with MiCA in 2024, the Industrial Blockchain Task Force, with VeChain’s participation, will play a crucial role in summarizing blockchain technology’s capabilities, especially in relation to EU policy goals and initiatives.
Key industry leaders, including VeChain, are steering this task force, and those interested in participating are encouraged to get involved and help shape the future of technology integration.