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European Blockchain Workshop Held

July 15, 2021

The Ministry of Economy, Trade and Industry (METI) held an event jointly with the Japan Electronics and Information Technology Industries Association (JEITA) titled "European Blockchain Workshop" on July 14. The workshop was aimed at supporting applying blockchain technology in society and rolling it out internationally, and consisted of presentations on the latest trends in Europe and discussions using examples of how it can be applied.

1. Background

METI has established relationships with Europe that place importance on the blockchain sector through initiatives such as periodic digital policy dialogs with the European Commission (EC)'s Directorate-General for Communications Networks, Content and Technology (DG CONNECT), and participation in the International Association for Trusted Blockchain Applications (INATBA) (which is based in Europe).

Recently, projects for putting blockchain technology to actual use in society have started in earnest, and some of them are working with a view toward rolling it out internationally. Against this background, METI decided to hold a European Blockchain Workshop jointly with JEITA in order to support Japanese companies' efforts toward actually applying the technology in society and rolling it out internationally. The workshop consisted of presentations on the latest trends in Europe and discussions using examples of how it can be applied.

2. Outline of the workshop

Following presentations on topics such as the latest trends in Europe by the EC and INATBA, corporate officials and experts from Japan and Europe discussed the challenges involved in actually applying blockchain technology in society and furthering international collaboration, focusing on the areas of supply chains and climate change and using case examples of applications. From Japan, TradeWaltz Inc. and Hitachi, Ltd. joined as panelists.

METI will continue to work toward supporting applying blockchain technology in society and rolling it out internationally, utilizing the relationships it has established with Europe in this field.

Division in Charge

Digital Economy Division, Commerce and Information Policy Bureau

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