Ripple, NEM, Cardano and Fetch AI have joined forces to form the ‘’Blockchain For Europe’’ Association according to the latest crypto news today, in order to promote and better understand the regulation of blockchain and other DLT technologies in Europe.
According to an official press release, the four major blockchain companies created one goal addressing the European Union divided policy debate about blockchain which they believe is surrounded by inconsistent information.
While trying to improve the current situation, the new association aims to educate everyone in the European Union and also state institutions that are a member of the union, about the possibilities and the potential of the blockchain technology. It will also fight for the use of smart regulation that will be done with the use of the latest innovations and will help the continent to ‘’shape the global agenda’’ of the blockchain.
The association has already hosted one event on November 27-Blockchain for Europe Summit in Brussels with the four major groups such as The European People’s Party, The European Conservatives, and Reformists, The Alliance of Liberals and Democrats for Europe and the Progressive Alliance of Socialists and Democrats.
On the summit, the massive potential of the blockchain technology was addressed and also its key role into multiple sectors and industries were noted such as the use of blockchain in healthcare, transport, trade, and governance.
The most recent EU member to join the regional industry group was Italy. Some of the members that are in the group include France, Germany, Sweden, Ireland, UK, and the Netherlands.
The goal is to support the delivery of the cross-border public services that are digital with the highest levels of security and privacy.