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Ripple, IBM And SWIFT Have Entered Into A Single Blockchain Association

European regulators

105 global tech companies, including SWIFT, IBM, Ripple and Consensys AG, became part of the International Association for Trusted Blockchain Applications  (INATBA) to promote DLT-technologies in the European Union. A full list of organizations is presented in a press release.

INATBA members will develop uniform standards for blockchain compatibility, as well as create a transparent regulatory model for the technology.

The European Commission, the World Bank, the OECD, UNICEF and the European Investment Bank will advise the new association.

“This cooperation confirms that blockchain technology will become a driving force for our economy in the coming years. INATBA will interest EU member states in applying technology, ” said Mariya Gabrielle, European Commissioner for the Digital Economy and Society.

Recall that in December 2018, the EU member states - Cyprus, France, Greece, Italy, Malta, Portugal and Spain - signed a joint memorandum on promoting the blockchain technology in order to transform their economies.

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