Kriptomat, a fully regulated and secure, user-friendly platform to trade and store digital currencies, together with 105 organisations representing the full distributed ledger technology (DLT) ecosystem, today announced their commitment to a new platform, the International Association of Trusted Blockchain Applications.
Launched with a ceremonial digital signing at the European Commission headquarters, INATBA will promote the use of blockchain technology by developing a predictable, transparent and trust-based global framework.
Why we decided to join INATBA
Online banking, contactless payments and even credit cards once seemed alien and futuristic to the average user but are now widely accepted. All innovations face resistance to adoption until they reach a critical mass of users, and blockchain and digital assets are no different. Potential users fear the unknown and the unfamiliar.
The Kriptomat exchange platform allows non-tech-savvy users and crypto beginners to enter the world of DLT based digital currencies easier than ever before, giving them a user-friendly interface and a secure, regulated environment to ease into the new economy.
The aim is to make it really straightforward for users to be able to buy everything from electricity to consumer goods and financial services, using digital currencies.
Convincing users to try a simple, easy to adopt service represents the first steps towards general acceptance, while security and trust are very important in the fintech industry, also playing a significant role in speeding widespread adoption.
One of INATBA’s main objectives is the development and promotion of interoperability guidelines, specifications and global standards to enhance trusted, traceable, user-centric digital services. Bringing together key stakeholders in the banking and financial services sectors like bankers, payment processors, investment funds, brokers, regulators and other fin-tech businesses is important to establish these guidelines.
Supported by the European Commission
Hosted at the European Commission 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, INATBA members’ signatures were hashed on several distributed ledgers to formally launch the organisation.
“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,” said Mariya Gabriel, European Commissioner for the Digital Economy and Society.
“It clearly signifies that blockchain technology will be a driving force for our economy in the coming years, and through INATBA we will be able to foster an environment that encourages the application of the technology across the EU member states.”
This initiative also has strong support from leading international organisations. 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. INATBA offers developers and users of DLT a global forum to interact with regulators and policymakers and bring DLT and blockchain technology to the next stage.
What we will do at INATBA
The initiative for 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 INATBA will play in unlocking the potential of DLT across business and Society.
The organizations listed below have declared their commitment to developing interoperability and sector-specific guidelines and standards, transparent and inclusive governance and ongoing constructive dialogue with authorities and regulators, to ensure that INATBA will be a significant driver of blockchain innovation and adoption internationally.
INATBA’s core directive is to promote the use of DLT technology by developing a predictable, transparent and trust-based global framework. INATBA has mandated itself with a number of 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 organisations, governments and international organisations.
- 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).
For more information on INATBA visit: https://www.inatba.org/.
The founding organizations include:
21 Consulting GmbH
AB InBev (Anheuser-Busch InBev)
ACCORD PROJECT, LLC
ALIS Co., Ltd.
Ambrosus (Represented by Innolab Engineering SARL)
BANK FRICK & CO AG
Barclays Services Limited
BBVA (Banco Bilbao Vizcaya Argentaria, S.A.)
Berkeley Research Group (UK) Ltd. (thinkBRG)
Billon Group Ltd
Billon Sp. z o.o
Bitfury Holding B.V.
Blockchain Bundesverband e.v. (Bundesblock)
Blockchain Centre Vilnius
Blockchain Hungary Association
BLOCKCHAIN ITALIA SRL
Boerse Stuttgart Digital Ventures GmbH
Caisse des dépôts et consignations
CASHLINK Technologies GmbH
Česká fintech asociace, z.s.
Climate Change Coalition (Novasphere)
COALA (Coalition d’Applications Légales Automatisées)
COCIR (COMITE EUROPEEN DE COORDINATION DES INDUSTRIES RADIOLOGIQUES ELECTROMEDICALES ET D’INFORMATIQUE DE SANTE)
Coinarmy Bilisim Teknolojileri Ticaret Anonim Sirketi
DECENT International, a.s.
Deutsche Börse AG
Deutsche Telekom AG
DIGITAL GRID Corporation
DLC Distributed Ledger Consulting GmbH
DNV GL Business Assurance Group AS
ECSDA (European Central Securities Depositories Association)
EFN (FEDERATION EUROPEENNE DES ASSOCIATIONS INFIRMIERES )
ELECTRINA HOLDINGS DESIGNATED ACTIVITY COMPANY
ENTERPRISE ETHEREUM ALLIANCE INC.
ERTICO (European Road Transport Telematics Implementation Coordination Organisation)
Fractal Blockchain GmbH
Fujitsu Technology Solutions
FUTURE ENERGY FOUNDATION LIMITED
IPDB Foundation e.V. (Interplanetary Database Foundation e.V.)
ITALIA 4 BLOCKCHAIN
Kunfud Cero Seis, SL
Lukso Blockchain GmbH
NEC EUROPE LTD
ParkinGO International SA
QUANT NETWORK LTD
Raoof Consultancy Limited
Riddle & Code GmbH
Ripple Labs Inc.
RoyaltyRange (Intangible Range Ltd.)
S. ESTEBAN CONSULTING LIMITED
Stablecoin Integration servies Danmark IVS
SWIFT (Society for Worldwide Interbank Financial Telecommunication)
TechGDPR DPC GmbH
Unibright IT UG
Volksbank Mittweida eG