Introduction to the Blockchain for Europe Association
In a move that could reshape the narrative around blockchain technologies in Europe, four leading blockchain companies have teamed up to form the Blockchain for Europe Association. Announced on December 5, this association is set to tackle the complexities and inconsistencies surrounding blockchain regulation in the European Union.
Meet the Members
This dynamic group includes:
- Ripple – Renowned for its cross-border payment solutions.
- NEM Foundation – A key player in promoting the NEM blockchain.
- Emurgo – Championing commercial ventures rooted in the Cardano blockchain.
- Fetch.AI – Innovating in the realm of “smart ledgers” to enhance automation.
Each member brings unique expertise, amplifying the association’s voice in critical discussions.
A Bridge Over Troubled Waters
The association seeks to bridge what it describes as a fragmented policy landscape across Europe. According to its founding companies, the current dialogue is often skewed by misleading information from non-industry sources. Their mission? To clarify and educate EU institutions and member states on what blockchain really can offer.
Education and Advocacy: The Core Mission
Beyond merely addressing regulatory hurdles, the Blockchain for Europe Association aims to foster understanding of blockchain’s vast potential. This includes:
- Providing educational resources to EU decision-makers.
- Advocating for smart regulations that fuel innovation.
- Encouraging best practices and sharing success stories across the continent.
Recent Highlights: The Summit at the European Parliament
On November 27, the association hosted the Blockchain for Europe Summit at the European Parliament in Brussels. This event united major parliamentary groups, including:
- The European People’s Party (EPP)
- The Alliance of Liberals and Democrats for Europe (ALDE)
- The European Conservatives and Reformists (ECR)
- The Progressive Alliance of Socialists and Democrats (S&D)
The summit facilitated rich discussions on blockchain’s applicability, exploring varied sectors such as governance, healthcare, transportation, and financial markets.
What’s Cooking Elsewhere in Europe?
While the Blockchain for Europe Association steps up, Italy recently joined the European Blockchain Partnership—a move signaling a collective effort among EU nations. This partnership aims to build a European Blockchain Services Infrastructure (EBSI), focusing on secure and privacy-respecting cross-border digital public services. Member countries include the U.K., France, Germany, and Sweden, working together to realize a shared blockchain future.
