Ripple (XRP), NEM, Fetch.AI and Emurgo forms new Blockchain Association Called “Blockchain for Europe” Association

Ripple (XRP), NEM, Fetch.AI and Emurgo forms new Blockchain Association Called “Blockchain for Europe” Association

Blockchain for Europe

When it comes to blockchain technology adoption and regulation, countries in Europe have so far established themselves as a leader in the industry. The ease of running a blockchain business in Europe is another major factor which has contributed to the increase in blockchain related investment in the country. In light of this, a new association called the “Blockchain for Europe” Association, has been formed by four major blockchain companies.

“Blockchain for Europe” Association

According to a recent press release, “Ripple, the NEM Foundation, Emurgo – which supports commercial ventures based on the Cardano blockchain – and “smart ledger” development firm Fetch.AI” have formed a blockchain association with the aim of “promoting the understanding and proactive regulation of blockchain and other distributed ledger (DLT) technologies across the continent as well as addressing the European Union’s “fragmented” policy debate around blockchain”

It has also been made known that the newly formed association will help with providing the much-needed education on blockchain technology to institutions and sectors across Europe. The newly formed association will also make sure to advocate for “future “smart” regulation that will be conducive to innovation and help the continent “shape the global agenda” on the blockchain.”

Blockchain for Europe Summit

Just recently it was reported that the newly formed associate play host to some major European Parliament (EP) groups at a summit tagged “Blockchain for Europe Summit” which took place in Brussels. The invited group were said to the four largest European Parliament (EP) groups in the region.

The purpose of the summit was to address blockchain’s potential across multiple sectors and use cases, including governance, healthcare, transport, trade, identity, financial market.

The four group present were:
The European People’s Party group (EPP), The Alliance of Liberals and Democrats for Europe (ALDE), European Conservatives and Reformists (ECR), and The Progressive Alliance of Socialists and Democrats (S&D).