There Are About 400 Blockchain Associations In The World. Will IATBA Change The Crypto Market Landscape?
RegulationBit News Today2 min read
Blockchain Leaders Reach EU for the Large-Scale Deployment of Blockchain in the EU
Industry leaders, startups, and policymakers gathered recently at the European Commission Blockchain Roundtable to discuss the future of blockchain technology in the European Union. The event marked a significant step towards creating a European community to support the deployment of blockchain technologies on a large scale.
At the roundtable, participants agreed to work together to support the development of blockchain technology. This collaboration between industry, governments, and the European Commission aims to provide the right conditions for blockchain technologies to flourish and be adopted across multiple sectors.
Earlier this year, the European Commission launched the European Blockchain Partnership, with 26 EU Member States and Norway already on board.
IATBA Member-Change the Crypto Market Landscape?
The initiative for INATBA came from several participants in the EU Blockchain Industry Roundtable, a group hosted by the European Commission. The association aims to develop guidelines and protocols for the blockchain industry and promote the EU's blockchain standards internationally. With over 100 founding members, including corporate giants like Anheuser-Busch and Accenture, as well as influential startups like ConsenSys and IOTA, INATBA has the potential to significantly impact the crypto market landscape.
By creating interoperability guidelines and standards, promoting transparency, and emphasizing inclusiveness, INATBA seeks to address concerns and ensure that the industry's voice is heard. The association's MiCA Task Force, which convenes civil society organizations, private corporations, and other trade associations, is a clear indication of INATBA's commitment to fostering a collaborative and transparent blockchain ecosystem.
The Launch of IATBA
The launch of IATBA was announced at a recent EU blockchain roundtable event called "Bringing industries together for Europe to lead in blockchain technologies," held on November 20. With nearly 1400 attendees representing over 50 countries, 230 speakers, and 80 keynotes, panels, and meetings, the inaugural edition of the event was a resounding success.
BBVA, a prominent Spanish banking giant, was among the first banks to join the initiative, along with four other major banks. The association is expected to become a legal entity as early as the first quarter of 2019, further cementing its role in the global blockchain landscape.
The Importance of IATBA for the Blockchain Industry
The creation of IATBA is a significant milestone for the blockchain industry, as it brings together a diverse range of stakeholders, including corporate giants, innovative startups, policymakers, and regulators. By working together, these entities can address the regulatory uncertainty that currently surrounds the use of blockchain technologies.
This is a crucial aspect of the association's mission, as regulatory clarity is essential for the widespread adoption and success of blockchain technologies.
As blockchain technologies become more prevalent, the need for interoperability and standardization increases, ensuring that different blockchain platforms can communicate and work together seamlessly.
Conclusion
The launch of IATBA represents a major development in the European blockchain landscape. As more stakeholders join the association and contribute to its mission, the future of blockchain technologies in the EU and beyond looks increasingly promising.
