AllianceBlock has become a member of the INATBA Advisory Board for Better Blockchain Policy and Regulation

  • Membership will enable AllianceBlock to contribute to improving policies and regulation of the blockchain industry.
  • AllianceBlock can use the opportunity to connect with crypto and blockchain projects that need their own DeFi suite of solutions.

The decentralized blockchain platform, AllianceBlock, has announce It has become an advisory member of the International Consortium for Trusted Blockchain Applications (INATBA), an umbrella body for blockchain stakeholders globally. The company announced this via a detailed Medium post on October 14, 2022.

As a member of this body, AllianceBlock will help to interact with global regulators regarding the best way in which they can help increase the adoption and better regulation of blockchain technology. INATBA is the largest collaboration of its kind across Europe. However, it was only introduced three years ago in cooperation with the European Commission.

The Consortium’s advisory body represents the collective interest of industry players in discussion with international organizations and policy makers for the benefit of industry. Among the notable policymakers she consulted were the European Investment Bank, Israel’s national digital agency, and the Canadian government.

One of the notable achievements of INATBA is providing clarity regarding the crypto regulation proposed by the European Union (EU). Apart from participating in regulatory matters, the authority is involved in other areas of research and development in the blockchain technology ecosystem. These areas include the importance and impact of blockchain technology in agriculture and supply chains, blockchain sustainability, and central bank digital currencies (CBDCs).

In addition, INATBA organizes virtual and physical events where its members and the general public can learn more about the industry. Many of the major blockchain companies are members of INATBA, but membership is also open to TradFi companies. Notable members include Coinbase, Aave, L’Oreal, Binance and Deutsche Borse, a company TradFi.

Additional Advantages of AllianceBlock

As a member of INATBA, AllianceBlock Believes It is an opportunity to showcase its range of DeFi solutions for various crypto and blockchain projects that you may need. It also believes that it will help the company achieve its primary goal of bridging the gap between decentralized finance (DeFi), traditional finance (TradFi) and cryptocurrency.

The company’s co-founder and CTO, Mathijs De Vries, commented on the development. He said it has always been AllianceBlock’s desire to work with experts who share similar goals. De Vries added that membership gives the company an opportunity to provide useful solutions to industry issues.

INATBA CEO, Ricardo Simos, is pleased to have AllianceBlock as a member of the body. He believes AllianceBlock will contribute to accelerating the positive adoption of blockchain solutions and constructive discussions with regulators.

Simoes added that AllianceBlock will bring its expertise to help TradFi companies access decentralized markets. AllianceBlock joins 140 other members of INATBA, which include Small and Medium Enterprises (SMEs) and regulators. According to the blog post, she will keep members updated about her engagement with INATBA.

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