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Denmark to begin maritime blockchain project

Denmark’s Ministry of Industry, Business and Financial Affairs has announced its intention to implement blockchain technologies to reduce the administrative burden faced by vessel operators in the maritime sector.

{mprestriction ids="1,2"}The Danish Maritime Authority (DMA) has initiated a project aiming to digitalise maritime trade, including a particular focus on the ship registration processes. This is one of the first blockchain projects in the Danish public sector, and forms part of the government’s overall strategy to further digital growth in Denmark.

A key aim is to increase the efficiency of vessel administrative processes that are largely paper-based and make the Danish International Ship Registry “the first digital ship registry in the world”, according to the DMA.

”Blockchain is an advanced technology with an enormous potential to reduce administrative burdens. It is important that Blue Denmark as a whole manages to develop new technologies so we can maintain our strong maritime position and make Denmark even more attractive as a flag state,” said Danish Minister of Industry, Business and Financial Affairs, Brian Mikkelsen.

The project is expected to begin this year and run until early in 2020.{/mprestriction}

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