The association plans to act as a unified voice for Europe’s blockchain industry.
Four leading blockchain originated companies have collaborated to form an association to act as the European voice for the blockchain industry.
EMURGO, Fetch.AI, NEM and Ripple formed the association to enable a better understanding of distributed ledger and blockchain technology. As regulation within other areas such as cryptocurrency remains a hot topic, the group hopes Europe can set an example of how to regulate blockchain for the rest of the world.
The companies that form the association have all built their businesses around blockchain technology and hope the industry can continue to develop with the introduction of appropriate regulation.
The group’s stakeholders were invited to a summit hosted by the association at the end of November. Discussions included cryptocurrency, financial market infrastructure and trade to name a few.
Kristof Van de Reck, President Europe and co-founder, NEM said in an announcement: “There is a lack of unbiased information when it comes to the open and decentralised application of the technology. By joining forces with different stakeholders that have blockchain at the core of their business, we aim to provide insights which are not tailored to the agenda of specific organisations or stakeholders.”