Cardano Foundation will be one of the founding members of the International Association for Trusted Blockchain Applications (INATBA). The launch of this association is already an exciting milestone for blockchain technology adoption and the cryptocurrency industry, and we are honoured and excited to bring Cardano to the forefront of discussions and frameworks being built in Europe.

The European Commission is launching this association as it sees the great improvements that blockchain may bring to industries and hopes to develop a common approach for the European Union. To date, the EU have engaged in other actions with regards to blockchain technology:

In April 2018, 26 member states plus Norway and Liechtenstein signed a declaration creating the European Blockchain Partnership that would cooperate in establishing a European Blockchain Services Infrastructure.

In February 2018, the European Commission launched the EU Blockchain Observatory and Forum. Its objectives are to map key initiatives, monitor developers and inspire common actions. Since its launch, it has released two thematic reports, which you can find here.

And now, the European Commission have launched INATBA with 105 founding members that come from industry, startups and SMEs, policy makers, regulators, civil society and standard setting bodies. As one of these founding members, Cardano Foundation will join this global forum that aims to achieve these four goals: