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.

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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

In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, ' The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write.

Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the EuropeanCommission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.

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