Report: EU blockchain projects have 'surpassed hype cycles' and shifted towards practical applications

Odaily Planet Daily News: The International Association for Trusted Blockchain Applications (INATBA) has released a new report emphasizing that the trend of EU blockchain projects has surpassed the hype cycle and is now focused on demonstrating the "cross-industry and public-sector utility". The report emphasizes the importance of key public infrastructure projects such as the European Blockchain Services Infrastructure (EBSI) and the European Union Blockchain Observatory and Forum (EUBOF) in shaping Europe's digital future. Other projects that have proven crucial in improving transparency and efficiency in supply chain management in the European Union region are focused on supply chain and digital product passport (DPP). INATBA also pointed out that the next decade will be "critical" for blockchain products to enhance security, automation, governance, and efficiency. The report suggests that public institutions and enterprises must "heavily invest" to maintain competitiveness and sustainability. (Cointelegraph)