Four leading global blockchain companies (EMURGO/Cardano), Fetch.AI, NEM and Ripple) have recently come together to establish an association representing blockchain originating organisations within Europe. With ‘Blockchain for Europe’, they hope to create a unified voice for the blockchain industry in Europe.
The reason behind the launch of the association is that the policy debate in Europe has been fragmented – with inconsistent information from those outside the blockchain sector challenging consensus within it.
The association’s goals are to foster the understanding within EU- and member state institutions on the true nature and potential of distributed ledger (DLT) and blockchain technology, and to ensure that upcoming regulation promotes and boosts innovation in Europe.
The members are organisations whose businesses originate from DLT and blockchain technology. They share a common vision of Europe becoming the global frontrunner in blockchain technology. Blockchain for Europe wants to help Europe to create smart regulation to shape the global agenda on blockchain.
The association hosted, alongside the four largest European Parliament groups, a very successful Blockchain for Europe Summit on 27 November. It brought together stakeholders from around the world, discussing issues such as governance, healthcare, transport, trade, identity, financial market infrastructure and tokens/cryptocurrencies. The debate showcased the potential benefits both for policy-makers and blockchain originating companies when they engage directly and transparently.
Dan Morgan, Head of Regulatory Relations, Europe, Ripple, said: “Ripple is delighted to be a founding member of Blockchain for Europe. 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.”
Kristof Van de Reck, President Europe and co-founder, NEM Foundation emphasised: “We are delighted to be one of the founding members of Blockchain for Europe. There is a lack of unbiased information especially when it comes to the open and decentralised application of the technology. 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.”
“This is an extraordinary opportunity to guide European policy in a field that will positively change the lives of so many people. 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”, commented Toby Simpson, CTO and co-founder, Fetch.AI.
Manmeet Singh, CIO, EMURGO, stated: “Within the scope of EMURGO’s mission to drive the adoption of Cardano globally, we are very keen to work with the European institutions in crafting the rules and regulations which will enable blockchain technology to thrive globally, thereby expanding the impact of our third generation blockchain Cardano, all under the leadership of EU governance.”
Blockchain for Europe looks forward to engage in conversations with policymakers, relevant industry players and academia. Together we hope to contribute to make Europe the frontrunner on blockchain technology.
- Codebase focusing Investments on Cannabis sector and Blockchain Ventures - July 28, 2019
- Canadian City Council Enters Agreement with Coinberry to Accept Bitcoin for Tax Payments - July 19, 2019
- BitPay Processed More Than $37 Million in Bitcoin Donations Since 2017 - June 24, 2019
- Generous Donation of $120,000 in Bitcoin by Anonymous Donor Very Well Received by Bitcoin.org - May 30, 2019
- ARK Launches the ARK Deployer, an Open Source Tool to Create a Blockchain in 3 Simple Steps - May 28, 2019
- Bitbond, a Global Lending Platform, Launches STO to Support Small Businesses in Asia with Loans - May 28, 2019
- Famous Swiss Watchmaker, Franck Muller Launches the World’s First Bitcoin Watch - May 25, 2019
- Facebook’s GlobalCoin Allegedly to be introduced in 2020 - May 24, 2019
- Mobile Carrier AT&T to Accept Online Payment Options in Cryptocurrency with BitPay - May 24, 2019
- Consumers Can Now Buy Bitcoin with Cash at 2,200 Coinstar Kiosks Located Inside Grocery Stores - May 24, 2019
- Visa Token Service Acquired by Eleven New Partners for Enhanced Consumer Confidence in the E-Commerce Space - May 23, 2019
- Voyager Announces Integration of Ledger Vault’s Asset Management System into its Crypto Trading Platform - May 22, 2019
- VeganNation Welcomes Game of Thrones Actor Jerome Flynn to its Advisory Board to Unite the Vegan Community - May 21, 2019
- Huobi Honors Bitcoin Pizza Day by Selling Bitcoin 50% off Market Price & Prime 3 Launch - May 18, 2019
- Dutch Multi City Blockchain Week to be First of its Kind with Events Hosted All Over the Country - May 17, 2019
- Partnership between Travala.com and Bitcoin.com Empowers Travelers to Save on Hotel Stays and Pay Directly with Leading Cryptocurrencies - May 16, 2019
- Q2 Holdings Announces the Launch of Q2 TrustView, a new Governance and Protection Technology for Banking and Lending - May 15, 2019
- First Security Token Blockchain called Polymesh announced by Polymath at Consensus New York 2019 - May 14, 2019
- Facebook lifts Crypto Ad Ban, One Year after the Social Media Giant Banned all Ads Related to Blockchain and Cryptocurrencies - May 9, 2019
- Blockchain Becoming the Revolutionary Technology Guaranteeing High level of Privacy and Security in Emerging Markets - May 8, 2019