European Commission’s INATBA Starts Its Work

International Association for Trusted Blockchain Applications (INATBA) is officially launched today, on April 3. A live broadcast from the event is available on YouTube.

The association was joined by several major players in the cryptocurrency space, including Ripple, IOTA, Cardano, Lisk, ConsenSys, Ledger and R3. In addition to them, the association was also joined by the payment system SWIFT, consulting firm Accenture and the British bank Barclays.

The objectives of the creation of INATBA are:

• to stimulate discussion with regulators;
• to develop a global model of technology management, interaction standards and industry guidelines.

The official mission of the association also sounds as the following:

“To unlock the full transformational potential and harness the benefits of blockchain and DLT for businesses, the public sector and society at large, INATBA aims to develop a framework that promotes public and private sector collaboration, regulatory convergence, legal predictability and ensures the system’s integrity and transparency.”

INATBA was announced by the European Commission in March of this year. The group has more than 70 members and includes other crypto projects in addition to the mentioned above.

Image courtesy of Cryptocoin Spy