the In Europe, it seems that the Blockchain technology is a further major step in the direction of Mainstream adaptation. As it is now known, was organized, inter alia, Ripple in the International Association for Trusted Blockchain Applications. The aim is to bring Blockchain technology to the next level.
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The Californian FinTech Ripple, together with well-known sizes of the Blockchain-Business, and the International Association for Trusted Blockchain Applications (INATBA). The newly founded organization published on the official Website all the current partners and collaborators. The most well-known among them are accordingly the following:
Barclays Services LimitedBBVA (Banco Bilbao Vizcaya Argentaria, S. A.)Berkeley Research Group (UK) Ltd. (thinkBRG)Blockchain Bundesverband e. V. Boerse Stuttgart Digital Ventures GmbHCARDANO stiftungco SENSYS AGDeutsche stock exchange AGDeutsche Telecom agent pinch of ETHEREUM ALLIANCE INC.IOTA FoundationL’oreal ripple Labs Inc.SWIFT
With headquarters in Belgium, the newly founded organization is to bring Blockchain technology to a new Level and interacts, therefore, with regulatory authorities and policy-makers Europe-wide. Furthermore, the European Union seems to play a crucial role. As it says on the website of the European Commission, the INATBA will promote an open, transparent and inclusive global Governance model. Here, it refers to the development of specifications and Standards for interoperability in different sectors. In the future, should be supported by the joint cooperation in addition to financial services, health, energy, agriculture, mobility and public services.
Four points to cooperation to maintain a permanent and constructive Dialogue with the authorities and Supervisory authorities should accordingly contribute to the regulation of the Blockchain and Distributed Ledger technology.Promoting open and transparent Governance model for the Blockchain infrastructure, the second common concerns of different interest groups.Support the development and implementation of interoperability guidelines, specifications and global Standards for the improvement of digital services.Development of guidelines and specifications for the development and acceleration of trusted, industry-specific Blockchain and Distributed Ledger applications. the What will the future bring for INATBA ?
Meanwhile, the common step indicates that the Blockchain market and its technology are moving in the right direction. The newly founded INATBA around 105 partners and supporters. However, the rather sparsely decorated web presence of the organization to be well-founded conclusions as to the depth, width, or the future of the community work. A first hurdle of regulation at the supranational level seems to be yet taken. It remains to be seen how and whether organizations such as Ripple, IOTA, Cardano & co. in joint cooperation can make a difference and the Blockchain technology in the future society is capable of.
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