EU Blockchain Group Launches With SWIFT, Ripple Onboard

A European Commission initiative, the new group – the International Association of Trusted Blockchain Applications (INATBA) – is launching Wednesday in Brussels, Belgium. INATBA has been set up as a “global multi-stakeholder forum” aimed to bring together developers and users of blockchain technology to promote mainstream adoption across multiple sectors. The group also includes other notable members, including banks such as Barclays and BBVA, consultancy firm Accenture and French beauty product giant L’Oreal. The formation of INATBA has been in the public arena about for some months.Carlos Kuchkovsky, BBVA’s head of research and development for new digital business, said in November that the association could have an important role to play in terms of developing blockchain best practices and standards and “avoiding fragmentation on a European level.”
The Brussels launch today will seeseveral European Commission officials speaking, including Mariya Gabriel, Commissioner for the Digital Economy and Society, who will provide the keynote. The European Commission has launched a number initiatives to promote the adoption of blockchain technology. Last spring, it formed the European Blockchain Partnership (EBP) along with 22 member countries to support the delivery of cross-border digital public services based around the tech.The Commission also set up the EU Blockchain Observatory and Forum, with ConsenSys as its member, last February. EU flags image via Shutterstock

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