105 organizations representing the full distributed ledger technology (DLT) ecosystem today announced their commitment to a new platform, the International Association of Trusted Blockchain Applications (INATBA). Launched with a ceremonial digital signing at the European Commission headquarters, International Association of Trusted Blockchain Applications (INATBA) will promote the use of blockchain technology by developing a predictable, transparent, and trust-based global framework.
Hosted at the European Commision Headquarters, the signing ceremony included a keynote speech from the European Commissioner for Digital Economy and Society, Mariya Gabriel, and remarks from Director-General, Roberto Viola. Following this, the signatures of the International Association of Trusted Blockchain Applications (INATBA) members were hashed on several distributed ledgers to formally launch the organization. “Since we view Blockchain as an important enabler of the Circular Economy and the Sustainable Development Goals, iPoint is very excited to be a founding member of International Association of Trusted Blockchain Applications (INATBA) “, Joerg Walden, CEO of iPoint and co-founder of Blockchain startup CircularTree, states. “Blockchain has the potential to make products, processes, and services more trusted, transparent, and traceable and thereby stimulate new business models which can contribute to sustainable economic growth,” he adds.
“We are thrilled to see that over 100 companies and organizations have partnered together to help develop the framework for distributed ledger technologies in Europe. It clearly signifies that blockchain technology will be a driving force for our economy in the coming years, and through International Association of Trusted Blockchain Applications (INATBA) we will be able to foster an environment that encourages the application of the technology across the EU member states.” Mariya Gabriel, European Commissioner for the Digital Economy and Society.
This initiative also has the strong support from leading international organizations. The European Commission, the World Bank, the OECD, the UN World Food Program, UNFCCC, UNICEF, the European Investment Bank, the European Bank for Reconstruction and Development, and the OECD have joined INATBA’s Governmental Advisory Board. All EU Member States and the European Blockchain Partnership are expected to join as governmental advisors.
The initiative for International Association of Trusted Blockchain Applications (INATBA) came from several participants in the EU Blockchain Industry Round Table, a European Commission hosted group, which has been working to identify the right conditions for blockchain technologies to flourish. The announcement by major Blockchain providers, large-scale users, start-ups and business and sectoral associations is a clear endorsement of the role International Association of Trusted Blockchain Applications (INATBA) will play in unlocking the potential of DLT across business and society.
The organizations listed below have declared their commitment to develop interoperability and sector-specific guidelines and standards, transparent and inclusive governance and ongoing constructive dialogue with authorities and regulators, to ensure that International Association of Trusted Blockchain Applications (INATBA) will be a significant driver of blockchain innovation and adoption internationally.
International Association of Trusted Blockchain Applications (INATBA) has mandated itself with three chief objectives:
Promote an open, transparent and inclusive global model of governance for blockchain and other distributed ledger technology infrastructures and applications. A model that reflects the shared interests of stakeholders from industry, start-ups and SMEs, civil society organizations, governments and international organizations.
Support the development and adoption of interoperability guidelines, specifications and global standards, to enhance trusted, traceable, user-centric digital services. Upholding an open, transparent and inclusive method of multi-stakeholder cooperation.
Develop sector-specific guidelines and specifications for the development and acceleration of trusted sectorial blockchain and DLT applications in specific sectors (i.e. financial services, health, supply chain, energy and financial inclusion).
The 105 founding organizations include:
21 Consulting GmbH
AB InBev (Anheuser-Busch InBev)
ACCORD PROJECT, LLC
ALIS Co., Ltd.
Ambrosus (Represented by Innolab Engineering SARL)