Ripple Forms Blockchain For Europe Association

Ripple, the blockchain company that owns XRP, the digital currency, has joined forces with NEM, Fetch.AI and EMURGO / Cardano to create a new association that represents the interest of blockchain and cryptocurrency activities in Europe.

According to a report by The Next Web, the group, dubbed Blockchain for Europe, says it is the first unified voice for industry in Europe. The group focuses on increasing the understanding of technology and highlighting "true nature" and the potential of blockchain technology, as reported The next Web. "Ripple is delighted to be a founding member of Blockchain for Europe," said Dan Morgan in the report. "This is a critical moment for policy makers in Europe as they seek to develop the right regulatory framework to reap the benefits of both digital assets and blockchain technology."

Part of the agenda will focus on the assurance that the European Union and member states will create a regulation that will stimulate the growth of blockchain through the blockade. "There is a lack of impartial information, especially when it comes to open and decentralized [sic] application of technology, "added NEM co-founder Kristof Van de Reck in the report." We aim to provide insights that are not adapted to the agenda of specific organizations or stakeholders. "

At the end of last month the new group hosted a Blockchain for Europe Summit which includes four of the largest groups in the European Parliament. The summit attracted global blockchain players who discussed the role that technology can play in transport, health, governance and other use cases. The speakers at the event focused on the advantages of blockchain technology for companies and legislators.

The group behind Blockchain for Europe is not the only player watching the technology. At the end of last month, Amazon Web Services (AWS) announced the presentation of two new solutions designed to improve the transparency of corporate transactions for companies that have complete control requirements. AWS is launching Amazon Quantum Ledger Database and Amazon Managed Blockchain, solutions that Amazon Web Services CEO Andy Jassy said was "something that many companies need".