IBM, Ripple, And More Than 100 Companies Join Blockchain Association
SWIFT, IBM, Ripple, Bitfury, Ledger, and another 100 global technology and financial companies have joined the newly established International Association of Trusted Blockchain Applications (INATBA). The organization will assist the use of the technology among the EU countries, according to a press release.
The digital signing ceremony of the INATBA foundation document was held at the headquarters of the European Commission in Brussels. 105 members of the Association, including such large consortia as R3, ConsenSys, the crypto companies Cardano and IOTA, as well as European banks and startups, agreed to create a transparent and trusted environment for promoting and regulating blockchain.
This is not a definitive list, as the INATBA encourages other companies to join the initiative.
The Association will receive support from UNICEF, the World Bank, the European Investment Bank, and other intergovernmental organizations that will become INATBA advisers.
This clearly indicates DLT will become the driving force in the EU economy in the next few years, as Mariya Gabriel, the European Commissioner for Digital Economy, commented on the event.
It should be reminded that the first blockchain association, which set its goal to tell citizens more about the new technology and its application possibilities, appeared in Mexico at the end of last year. ConsenSys, owned by the Ethereum developer Joseph Lubin, was one of the members of the initiative.
As previously reported, more than 60% of large companies around the world invest in blockchain technology.