Four blockchain companies Emurgo/Cardano, Fetch.AI, NEM and Ripple, have come together to create an association of European blockchain organisations, Blockchain for Europe.
According to the new consortium, the policy debate in Europe has been fragmented, so the association’s goals are to foster the understanding of blockchain potential within the EU.
The association hosted a summit in November. It brought together stakeholders from around the world, discussing issues such as governance, transport, trade, identity etc.
Dan Morgan, head of regulatory relations, Europe, Ripple, says: “This is a critical time for policymakers in Europe as they seek to develop the right regulatory framework to capture the benefits of both digital assets and blockchain technology.”
“There is a lack of unbiased information especially when it comes to the open and decentralised application of the technology,” says Kristof Van de Reck, president Europe and co-founder, NEM Foundation. “By joining forces with different stakeholders that have blockchain at the core of their business, we aim to provide insights which are not tailored to the agenda of specific organisations or stakeholders.”
Mind you that this last statement is provided by a company which provides blockchain.
“The convergence of technologies like machine learning, AI and decentralised ledgers delivers the opportunity for a world where technology works more effectively for the benefit of us all”, comments Toby Simpson, CTO and co-founder, Fetch.AI.
Blockchain for Europe looks forward to engaging in conversations with policymakers, relevant industry players and academia.
Staying on the theme of alliances, last month, BBVA and Santander were two of the banks involved in the European Commission’s planned launch of the International Association for Trusted Blockchain Applications (IATBA) next year.