Monday, August 19, 2024
EU launches Blockchain association INATBA
Image Source io-market AG
Last month, the European Commission sponsored a congregation of industry leaders, tech disruptors, regulators, and policy makers to launch the International Association of Trusted Blockchain Applications (INATBA) in Brussels.
The INATBA aims to promote blockchain and distributed ledger technology (DLTs) in the European Union through maintaining and encouraging discussions with institutional regulators. To bridge the gap between blockchain use and innovation, INATBA was created to ultimately negotiate a global model of governance and establish standards in blockchain technology. European Commissioner Mariya Gabriel said at the launch: “In today’s economy, there is less and less time to build trust in the way it happened in the past. To fight cancer, to balance renewable energy, to trace the authenticity of goods, actors must be able to trust one another without meeting face-to-face. And how can we achieve this? Of course, with the help of blockchain.”