Summary Of European Nations Become Blockchain Partners
Blockchain technology has been one of the most disruptive technologies of our time. It has found applications in finance, supply chain management, healthcare, intellectual property, and many more areas. Recently, a new development has emerged in which European nations have come together to form a blockchain partnership.
This partnership, known as the European Blockchain Partnership (EBP), was announced in April 2018. Its aim is to establish a trusted and secure European Blockchain Services Infrastructure (EBSI) that will meet the highest standards of security, privacy, interoperability, and energy efficiency.
The EBP is the result of the European Commission’s efforts to establish a unified approach to blockchain technology throughout Europe. Currently, the partnership includes 27 EU member states, as well as Norway and Liechtenstein. Each member of the EBP has agreed to work together to share expertise and resources, as well as to promote the adoption of blockchain technology across industries throughout Europe.
By creating the EBSI, the EBP hopes to facilitate the development of blockchain-based solutions that can be applied across a variety of sectors, including finance, transport, health, and public services. The EBSI is expected to provide a single, interoperable, and scalable blockchain infrastructure that will allow for the secure and trusted exchange of information and digital assets, including cryptocurrency.
The EBP marks a significant step forward in the adoption of blockchain technology in Europe. By working together, member nations can pool resources and share knowledge, which will ultimately lead to the adoption of more secure and efficient blockchain solutions.
However, the EBP is not the only blockchain partnership in Europe. Other collaborations include the International Association for Trusted Blockchain Applications (INATBA), which was established in 2019 to promote blockchain adoption in Europe, and the European Blockchain Association (EBA), which was founded in 2018 to represent blockchain companies in Europe.
Blockchain technology has the potential to revolutionize the way we do business in Europe and worldwide. By working together through partnerships like the EBP, European nations can unlock the full potential of blockchain technology and establish Europe as a leader in this exciting field.
International Association for Trusted Blockchain Applications (INATBA) – This is a partnership that was established in 2019 to promote the adoption of blockchain technology in Europe. It brings together blockchain innovators, regulators, and other stakeholders. Its main focus is on developing a framework for blockchain regulation that is pro-innovation, pro-growth, and pro-consumer.
Blockchain for Europe – This is a coalition of four major blockchain companies in Europe: Ripple, NEM, Emurgo/Cardano, and Fetch.AI. Its objective is to promote blockchain awareness and understanding among policymakers in Europe.
European Blockchain Partnership Association (EBPA) – This is a non-profit association that was founded in January 2021. Its mission is to promote the adoption of blockchain in Europe, specifically through the European Blockchain Partnership. It is composed of private companies, academics, and civil society organizations.
INBLOCKS – This is a Croatian-based blockchain partnership that was established in 2018. Its members include blockchain startups, legal firms, and universities. Its main objective is to foster the development of blockchain projects in Croatia and the wider region.
KSI Blockchain – This is a partnership between Estonia and Guardtime, an enterprise blockchain company. Its aim is to provide secure and transparent data management solutions for the Estonian government.
These are just a few examples of the many blockchain partnerships that are emerging in Europe. They all share a common goal of promoting the adoption of blockchain technology and unlocking its full potential across sectors and industries.
INATBA was launched in April 2019 as a global association of industry leaders, startups, and SMEs, policymakers, regulators, international organizations, and other stakeholders in the blockchain industry. Its primary mission is to foster the adoption of blockchain technology by developing a regulatory framework that supports innovation, growth, and the development of the blockchain ecosystem.
INATBA is registered as a non-profit association under Belgian law, and it is headquartered in Brussels, Belgium. It has a global presence and members from over 30 countries, including entities from the United States, Japan, and China.
The association is focused on four main objectives:
Promoting the development and deployment of blockchain technology
Ensuring that blockchain and distributed ledger technology (DLT) is legally and regulatory compliant
Engaging with public authorities and policymakers to foster innovation, growth and regulation of blockchain and DLT
Encouraging sustainable business growth, entrepreneurship, and industry best practices
INATBA works closely with the European Commission, specifically the Directorate-General for Communications Networks, Content and Technology (DG CONNECT) and the European Blockchain Service Infrastructure (EBSI), which supports the European Blockchain Partnership (EBP).
The association is governed by a Board of Directors made up of representatives from its members, as well as an Executive Committee and Working Groups. Members of INATBA benefit from networking opportunities, access to industry experts, policy and regulatory updates, and access to shared resources such as research and technology.