April 02, 2019

EC announced the launch of a new international association, in Brussels, to encourage the global governance and development of blockchain technology. The International Association for Trusted Blockchain Applications (INATBA) will bring together a wide range of stakeholders on blockchain and distributed ledger technology (DLT), in general, to work with global policy institutions to develop a governance structure that works for everyone.

INATBA brings together industry, startups, and small and medium enterprises, policy makers, international organizations, regulators, civil society, and standard-setting bodies to support blockchain and DLT to be mainstreamed and scaled-up across multiple sectors. INATBA aims to develop a framework that promotes public- and private-sector collaboration, regulatory convergence, and legal predictability and ensures the integrity and transparency of system. Additionally, in 2018, EC had launched the European Blockchain Partnership to develop a European Blockchain Services Infrastructure that will support the delivery of cross-border digital public services, with the highest standards of security and privacy, as well as the EU Blockchain Observatory and Forum, with the support of the European Parliament. Blockchain technology is also a key part of the FinTech Action plan as well as of the priorities for the Digital Europe Program.

 

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Keywords: Europe, EU, Banking, Insurance, Securities, Regtech, Fintech, Blockchain, Distributed Ledger Technology, European Blockchain Partnership, INATBA, EC

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