Blockchain firms Ripple, Fetch.AI, NEM, Emurgo and Cardano are now working together to create a new European Blockchain Organisation, Blockchain for Europe.

The companies see the policy debate happening in Europe as fragmented and want to foster the understanding of blockchain potential within the Europian Union.

The head of regulatory relations at Ripple, Dan Morgan said:

“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.”

The Chief Technical Officer and co-founder at Fetch.AI Toby Simpson said:

“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.”

Co-founder and president of the NEM foundation, Kristof Van de Reck also commented:

“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.”

Manmeet Singh, CIO of Emurgo, agrees that smart legislation that will give companies the ability to expand:

“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.”

Blockmanity’s Take

Blockchain in Europe aims to engage in conversation with policymakers and to outline a strategy to regulate these new technologies.

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