105 global technology companies, including SWIFT, IBM, Ripple and Consensys AG, became part of the International Association of Trusted Application Blockchain (INATBA) to promote DLT-technologies in the European Union. A full list of organizations is presented in a press release .

INATBA members will develop uniform standards for blockchain compatibility, as well as create a transparent regulatory model for the technology.

The European Commission, the World Bank, the OECD, UNICEF and the European Investment Bank will advise the new association.

“This cooperation confirms that the blockchain technology will become the driving force for our economy in the coming years. INATBA will interest EU member states in applying technology, ”said European Commissioner for the Digital Economy and Society Maria Gabrielle.

Recall that in December 2018, the EU member states – Cyprus, France, Greece, Italy, Malta, Portugal and Spain – signed a joint memorandum on promoting the blockchain technology in order to transform their economies.

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