Global Adoption of Blockchain Technology

For global adoption to occur, world leaders must drop their fears of the technological revolution we are experiencing and embrace the powers of Blockchain technology. A technological revolution, in case you are curious, is when one technology is replaced by another technology, generally one that is more superior. In this case, Blockchain technology is gradually replacing Information Technologies and data storage devices, but from a grand scale, Blockchain technology is likely to replace far more technologies going forward.

On April 20th of this year, the European Union (EU) Blockchain Partnership, comprised of 24 EU member states, was established with plans to improve dialogue across Europe for creating Blockchain technology. A partnership to this degree clearly illustrates the growing important, and demand for, Blockchain technology, but sadly this news has essentially gone unnoticed - which is a complete shame.

However, today, to bring light on this magnificent accomplishment, Denmark has declared that it has also joined the EU Blockchain Partnership. Brian Mikkelsen, the Danish Minister for Industry, Business and Financial Affairs, said: “Denmark will be the first country in the world [to] use blockchain technology to register ships in the Danish ship registers.” Therefore, currently in effect, Denmark plans to integrate the various features of Blockchain into all its commercial ships, which is likely a means to improve its supply chain logistics and much more.

Today’s announcement, and the development of the EU Blockchain Partnership, express the unwavering support much of the global powers have for Blockchain technology integration. Soon enough, all major powers in the world, such as the United States and China, will adopt similar schemes to ensure further integration of the tech occurs, and when they do, you can rest assured, we will be ready.