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Multi Company Blockchain Initiative Launched In Brussels

Multi Company Blockchain Initiative Launched In Brussels

A European Commission initiative called the International Association of Trusted Blockchain Applications (INATBA) has been launched in Brussels.

With over 100 firms represented in the new project which is designed to bring developers in tandem the newly formed INATBA sees itself as a “global multi-stakeholder forum” aimed at further promoting blockchain across different sectors in Europe.

With members such as SWIFT, IBM, Ripple, banks such as Barclays, and notables from the cryptocurrency space such as ConsenSys AG, crypto mining firm Bitfury, wallet leader Ledger, and IOTA, the new body packs a punch.

The project has been an initiative in waiting for some months up to yesterday’s launch in Brussels. The European Commission itself has been proactive launching its won initiatives with a similar aim to the INATBA, most notably forming the European Blockchain Partnership (EBP) along with 22 member countries to support the delivery of cross-border digital public services. Also last year, the EU launched the Blockchain Observatory and Forum, also including ConsenSys amongst its membership.

INATBA has laid out its specific aims as protecting and ensuring both “legal predictability”, and “integrity and transparency” in blockchain by dialogue between regulators, policymakers and participants in the industry.

Also in Europe, the German Federal Office for Migration and Refugees (BAFM) has praised blockchain’s potential to “support Europe’s unity at a fundamental level” by improving the union’s asylum protocol.

BAFM published findings of its study on 26 March in a white paper, detailing how blockchain could be used in the case of identifying refugees using the immutable technology.


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