INATBA’s main job is to engage with regulators and governments globally.

ConsenSys founder Joseph Lubin mentioned that the “initiative is global but is being supported by our good friends at the European Commission.”

Crypto giants Ripple, Cardano Foundation, and IOTA have joined hands to create the International Association for Trusted Blockchain Applications (INATBA). Along with these three, the other members of INATBA are:

ConsenSys

GuardTime

IBM Belgium

Italia 4 Blockchain

Ledger

R3

Stablecoin Integration Services Danmark IVS

The purpose of INATBA are as follows:

Encourage positive communication with public regulators and watchdogs when it comes to blockchain and distributed ledger technology.

Create a global model of governance for blockchain and distributed ledger technology.

Develop interoperability guidelines and standards.

Development of sector-specific guidelines for blockchain and distributed ledger technology.

CEO of Ripple Brad Garlinghouse said:

“It’s an honor and really a privilege for us to be one of the founding members of the International Association for Trusted Blockchain Applications. This really is a pivotal time for the distributed ledger technology industry. It’s critical that as an industry we come together and engage with regulators and governments globally. The work we are seeing with the European Commission is pivotal and can be leading in this effort. We’re thrilled to be involved and look forward to being a leading participant.”

Ethereum co-founder and founder of ConsenSys, Joseph Lubin, has expressed his support saying: