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04/04/19 05:00 UTC-4

Ripple and SWIFT join the new European blockchain association

Ripple and SWIFT join the new European blockchain association
Ripple and SWIFT join the new European blockchain association

The new blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
association, created by the European Commission, has just been launched along with a list of members.

The International Association of Trusted Blockchain Applications (INATBA), whose goal is to promote the introduction of blockchain technology in many sectors and the development of best practices and standards in Europe, brings together 105 companies and organizations that are interested in achieving this goal.

Interesting in the section: Waltonchain and the development of Internet things

 

Association members

Participants include such blockchain companies: ConsenSys AG, Bitfury, IOTA, R3 and Ripple. Major corporations such as Barclays and BBVA, Accenture, L'oreal and SWIFT payment service provider, which are also Ripple's biggest competitors, represent the industry without the blockchain.

Future association plans include creating a framework to encourage cooperation between the public and private sectors, fostering dialogue with regulators and politicians, and ensuring integrity and transparency in the blockchain infrastructure.

Interesting in the section: xRapid payment system. Cryptocurrencies and banking

Launch of the new blockchain association created by the European Commission, along with a list of members. It is interesting to see how cross-border payment providers, such as Ripple, SWIFT and R3, will cooperate in a group. Not to mention the other members of the banking sector, who, according to the IMF director Christine Lagarde, will one day be destroyed using the technology of payment block providers with the blockchain.

Editor: Alyona Nabok

See also: "One billion XRP tokens have just been released from Ripple escrow"

#Ripple #SWIFT #blockchain #INATBA

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