BRUSSELS – Ripple, IBM, SWIFT, and approximately 100 others have joined a new blockchain consortium to promote utilization across the European Union (EU).
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The International Association of Trusted Blockchain Applications (INATBA) is a “global multi-stakeholder forum” who’s goals include bringing together developers and users to promote mainstream adoption in an array of industries.
The INATBA launched Wednesday, April 2 in Brussels, Belgium.
Other distinguished members include banks BBVA and Barclays, consulting agency Accenture, and beauty product firm L’Oreal, ethereum development studio ConsenSys AG, blockchain startup Bitfury, enterprise blockchain company R3, hard wallet manufacture Ledger, and fifteenth largest cryptocurrency by market cap, IOTA.
In November, Carlos Kuchkovsky, BBVA’s head of research and development for new digital business, stated the bank could have a significant function in developing adoption of blockchain technology and “avoiding fragmentation on a European level.”
Last spring, the European Commission founded the European Blockchain Partnership (EBP), compromising of 22 member counties to deliver cross-border digital public services utilizing blockchain technology.