Ontology Partners with INATBA
INATBA Membership
Ontology are proud to announce that we have officially joined the International Association for Trusted Blockchain Applications (INATBA) as a member of their Identity working group. We look forward to sharing our knowledge, experience, technical expertise, and ideas on identity with INATBA.
To give some background, INATBA was launched earlier this year in April 2019, with over 100 members in the digital ledger technology industry. Included are IBM, L’Oreal, Accenture, Siemens, SAP, and Fujitsu, as well as other leading blockchain projects, such as Ripple, Sovrin, Algorand, and Blockstate.
“INATBA aims to bring together like-minded organizations and individuals that recognize the potential of Blockchain and Distributed Ledger Technologies (DLT) to transform multiple industry sectors and services globally and are invested in the development, use and management of DLT.”
Launched by the EU as part of its Digital Single Market Initiatives, INATBA aims to establish a regulatory framework for use across the European Union in order to promote adoption, collaboration, and wide-spread use of blockchain.
We are excited by this development as we look forward to working within the Identity working group. We hope to utilize ONT ID and our knowledge of decentralized identity protocols in order to contribute.
About INATBA
The objective of the Association is to enhance trust and innovation in DLT through the promotion of guidelines and specifications for interoperable technologies and applications and the development of inclusive governance models that support efforts by both public and private actors to deploy Blockchain and other DLTs in specific sectors. The Association intends to achieve its objective in part by collaborating closely with governments, international organizations and other public authorities. In order to facilitate this cooperation, the Association is establishing a Governmental Advisory Body that serves as a voice for governments, regulators, international organizations and standard setting bodies. The Governmental Advisory Body’s key role is to provide advice to the Association on issues of public policy, in particular, in matters where a convergence of regulatory approaches is desirable and/or existing legal frameworks affect the deployment of Blockchain and DLT solutions.
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