Quant Network is a founding member in the European Union’s launch of the International Association for Trusted Blockchain Applications (INATBA).
The latest development happened at the INATBA incorporation on the 6th March 2019 in Brussels with 105 founding members and Gilbert Verdian was selected as an official signatory at the event.
The International Association for Trusted Blockchain Applications is an initiative promoted by the EU’s European Blockchain Partnership — a collaboration of 26 EU countries as well as Norway, including UK, France, Germany, Sweden, the Netherlands, and Ireland. Its objective is to develop EU blockchain regulation and prepare for the launch of EU-wide blockchain applications.
INATBA will provide an avenue for harmonising and implementing blockchain best practice at a European and International level to avoid technological fragmentation, especially in banking and financial services. The Association will bring experts together and enable them to implement ideas and proposals for the growth of blockchain-based infrastructure and digital services. Global banks BBVA and Banco Santander were revealed to be joining the initiative after the EU Blockchain Roundtable on November 20th, 2018.
The objective of the Association is to enhance trust and innovation in blockchain and other distributed ledger technology. It will promote guidelines and specifications for interoperable blockchain and other distributed ledger technology infrastructures and applications that accord with the relevant principles of EU and international law; meet the highest standards of cybersecurity, privacy, and energy efficiency; and where liability and responsibility are clearly established through transparent governance models.
Quant Network has been a pioneer in setting the blockchain agenda for Governments by helping implement and foster mass adoption of distributed ledger technology. Firstly, by founding the Blockchain ISO Standard TC307 in 2015 where 53 countries now collaborate globally to implement a Standard that will be adopted globally by Government and technology and service providers. Quant Network will also drive to facilitate the collaboration of INATBA with ISO TC307.
More recently, in January 2019 it was announced that Quant Network has been accepted as a company guarantor of Pay.UK, the UK’s largest payment network, alongside banks and other FinTech companies. Through this relationship, Quant Network will shape the payment ecosystem to promote competition, innovation and openness, as well as setting the strategic direction of the Payments infrastructure and adopting the New Payments Architecture (NPA).
Quant Network’s involvement within the EU’s Blockchain Observatory since 2018 helps to accelerate blockchain innovation and the development of the blockchain ecosystem within the EU, and so help cement Europe’s position as a global leader in this transformative new technology.
Quant Network Founder and CEO, Gilbert Verdian, says “We are proud to be a founding member of INATBA. We have a heritage of working in Government and with Governments globally to set strategy and policy to benefit society. We are looking forward to helping the EU achieve their vision to create an open and interoperable framework which unlocks the full transformational potential and harnesses the benefits of blockchain and DLT for businesses, the public sector and society”.
He adds that “We also look forward to growing the membership of INATBA. Asking organisations to join the international association and help foster the adoption of blockchain technologies globally.”.
INATBA aims to unlock the full transformational potential and harness the benefits of blockchain and DLT for businesses, the public sector and society at large. More information about INATBA can be found on the official site www.inatba.org
About Quant Network
Quant Network is a pioneering technology company combining cybersecurity, industry and government experience to develop advanced technologies enabling trusted interactions between companies and their customers.
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Quant Network Communications Contact: Sasha Hossain, email@example.com
Originally published at www.quant.network on March 6, 2019.