Luxembourg Blockchain Group Incorporates Infrachain a.s.b.l.

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Eleven top players in the Luxembourg Blockchain scene have incorporated a non-profit called  Infrachain a.s.b.l. dedicated to rapidly facilitate the adoption curve of Blockchain solutions in a trusted and compliant-aware manner in the state.

The members are a mix of large and small technical and non-technical entities that see business opportunities arising from a technology that provides substantial efficiency while creating new legal and business model challenges. The group includes InTech, LuxTrust, Telindus, Snapswap, Scorechain, KYC3, Bitbank, Grant Thornton – Abax Consulting, Deloitte, KPMG, Allen & Overy and the State of Luxembourg.

Infrachain is a part of the Luxembourg ecosystem’s efforts to position itself as a Blockchain competence hub and to attract the rare but much needed Blockchain developers to the country.

“The state is fulfilling its role as a kickstarter and a coordinator while leaving technological and commercial choices to the industry. With this project, we prove once again how Digital Lëtzebuerg can help our ecosystem by kickstarting meaningful projects in cutting-edge technology ”, stated Xavier Bettel, Luxembourg’s Prime minister and minister of Telecommunications.

While acting as a cross-industry effort not only focussed on financial services, Infrachain plans to build a common community Blockchain-as-a-service platform able to bring the numerous Blockchain proof-of-concepts into operations. By providing a Blockchain-technology-agnostic governance layer on top of community-hosted Blockchains backed by service level agreements, Infrachain can serve as a deployment infrastructure with the flexibility and legal framework of private chains and the transparent governance of public chains.

“Being able to bridge the gap between the emerging Blockchain technology and the regulatory and legal environment, is essential for the adoption of this revolutionary technology”, stated Marco Houwen, Infrachain’s current project lead.

If you are interested in joining the Infrachain community or want to know more about the platform, you can check out https://infrachain.com/. The site will soon be updated with a white paper detailing technical and governance principles.

About Richard Kastelein

Richard Kastelein is the Founder, Publisher and Editor in Chief of industry leading online publication, Blockchain News, co-founder and director at education company Blockchain Partners and partner of token design and ICO architecture company Cryptoassets Design Group.

As a prominent keynote presenter, Kastelein has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Munich, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona. San Meteo etc, where he helped spread the cause for Blockchain technology and cryptocurrency and, consequently, has built a notable network in the scene.

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