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Four major global blockchain companies have announced the foundation of what they call the first credible attempt to create a unified voice for the European blockchain industry. Blockchain for Europe intends to address the fragmented political debate on the issue in order to put pressure on a cryptocompatible regulation in the European Union.
Blockchain for Europe to influence European policy on blockchain and cryptocurrency
The new lobby for the blockchain industry was founded by EMURGO / Cardano, Fetch.AI, NEM and Ripple. Prior to the public announcement, the association hosted a Blockchain for Europe meeting on 27 November with the four largest groups in the European Parliament.
The summit brought together blockchain industry leaders, regulators, policy makers, industry actors, academics and other stakeholders to discuss cases of use in government, healthcare, trade, identity, transportation, financial market infrastructures and cryptocurrencies.
If the blockchain association has its way, the European Union can become the world leader in blockchain technology with smart regulation that will shape the global agenda on the blockchain. Ripple is a technology company based in San Francisco, but Europe represents a considerable market for its blockchain products. Establishing the association is a strategic move to influence policy in the region, said Dan Morgan, Head of Regulatory Relations, Europe.
"Ripple is delighted to be a founding member of Blockchain for Europe, which is a critical moment for policymakers in Europe as they seek to develop the right regulatory framework to reap the benefits of both digital assets and blockchain technology ".
Kristof Van de Reck, co-founder of the NEM Foundation, stressed the lack of impartial information, especially when it comes to the open and decentralized application of technology.
"By joining forces with different stakeholders who have blockchains at the core of their business, we aim to provide insights that are not adapted to the agenda of specific organizations or stakeholders."
Fetch.AI is an emerging intelligence protocol based in Cambridge, United Kingdom. The team is developing autonomous economic agents for autonomous value exchange. Co-founder and Chief Technology Officer Toby Simpson stressed that tomorrow's technologies will change the lives of "so many people".
"This is a tremendous opportunity to drive European policy into a field that will positively change the lives of so many people.The convergence of technologies like machine learning, AI and decentralized registries offers the opportunity for a world where technology works more effectively for the benefit of us all. "
EMURGO, the UK-based company that created the cryptocurrency Cardano, has co-founded the association to help expand Cardano globally, said Chief Information Officer Manmeet Singh.
"In the context of EMURGO's mission to lead Cardano's adoption globally, we are very interested in working with the European institutions to create rules and regulations that will enable blockchain technology to thrive globally, expanding in this way the impact of our third generation blockchain, all under the guidance of the governance of the EU. "
While Blockchain for Europe was founded to influence the drafting of blockchain and cryptocurrency regulation in the European Union, the region already contains some of the most cryptic jurisdictions in the world, having surpassed the United States and the United States. Asia in the first offers of coins.
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