A number of reputable firms and organizations some of which are SWIFT, Ripple and IBM have joined forces with a new blockchain association to promote adoption of the technology across the EU.
The International Association of Trusted Blockchain Application (INATBA) is the new group and which is an initiative of the European Commission launched yesterday Wednesday 3 April 2019 in Brussels, Belgium.
INATBA will operate as a “global, multi-stakeholder forum” particularly tasked at bringing together both developers and users of blockchain technology to promote mainstream adoption across multiple sectors.
Among its goals are to set up a framework to encourage public and private sector collaborations, dialogue with regulators and policymakers and “Legal predictability” as well as ensure “integrity and transparency” in blockchain infrastructures. the group is also tasked with developing guidelines and specifications for blockchain and distributed ledger-based applications.
Members of the groups include banks such as Barclays and BBVA, consultancy firm Accenture and French beauty product giant L’Oreal. Some number of Blockchain startups such as Ethereum development studio ConsenSys AG, crypto mining firm Bitfury, Enterprise blockchain firm R3, cryptocurrency hardware wallet maker Ledger and cryptocurrency protocol developer IOTA.
EU Blockchain Group Launches With SWIFT- Onboards Ripple
According to Carlos Kuchkovsky, the formation of the group had been long overdue. He also added that the association could have an important role to play in terms of developing blockchain best practices and standards and also avoiding fragmentation on a European level.
The launch of INATBA saw several European commission officials speak- including the Commissioner for the Digital Economy and Society- Mariya Gabriel who was the keynote speaker. Also, the occasion featured panel sessions with discussions of topics like; “Blockchain Potentials”. Among other great news reaching us is the joint declaration of support from members from different blockchains.
It is only laudable to note that the European Commission had launched several initiatives to promote the adoption of blockchain technology. Just recently, it had constituted the European Blockchain Partnership (EBP) with the support and backing of 22 other member countries to support the delivery of cross-border digital public services based around the Technology.
The Commission also set up the EU Blockchain Observatory and Forum, with ConsenSys as its member, in February.
Image by: cryptodaily.co.uk
What are shitcoins? Watch this Video to learn
Appealing to Regulators, Binance launches a Tax Reporting Tool
Leaving China, Crypto Exchanges Cancels Most of their Chinese Businesses
Patricia sponsors Big Brother Naija the 2nd time after recording 13k Users in 12 Hours
Yes! Bitcoin at $38k, See Why they Say It Has A Mind of its Own
The CBDC will lower the cost of doing business – CBN
Nigeria’s CBDC to Run on Hyperlegder Fabric
NatWest Suspends Payments to Binance
Carlifornian Resident Files Lawsuit against Dfinity Over ICP Sale
Watch the Latest Edition of Inside Blockchain – 29th Nov. 2020
Crypto Roast is LIVE – 27th Nov. 2020
AMA Series with Beam CTO & Tech Lead, Alex Romanov
Keep it Locked on to Cryptotvplus
Inside Blockchain | 16.11.2020
How Blockchain Technology Can Transform Governance In Africa
Inside Blockchain: WHY YOU SHOULD BECOME A BLOCKCHAIN DEVELOPER
Hedge Trading on OKEx
Trading cryptocurrency seems cumbersome to new traders, especially those new to the crypto space. There have been a lot of...
The Chances of BTC Dropping to 40k Is Slim – Prateek Suri
The founder and Chief Executive Officer of the Maser group, Prateek Suri joined Tony Obiajuru this morning, 15th March, 2021...
Binance Smart Chain; CeFi or DeFi?
The controversy around whether or not the Binance Smart Chain is centralized or decentralized was cleared on the Inside Blockchain...
How Earnathon is Making Crypto Adoption Easier
Earnathon is making cryptocurrency education and adoption easier with its unique learn and earn platform. It’s no news that the...
NaijaCrypto CEO Says CBN Cannot Ban Cryptocurrency Trading
The Chief Executive Officer of NaijaCrypto, Chiagozie Iwu has said on the Inside Blockchain Show powered by CryptoTVPlus that the...