https://ift.tt/2UihEzP Network is a founding member in the European Union’s launch of the International Association for Trusted Blockchain Applications (INATBA).The latest development will happen at the INATBA incorporation on the 6th March 2019 and founding member signing in Brussels with the Commissioner for Digital Economy and Society, Mariya Gabriel and the Director-General for Communications Networks, Content and Technology, Roberto Viola. Gilbert Verdian has been selected to be official signatory at the event.On the 3rd April, the EU will use Overledger to sign the EU Blockchain Declaration by the Commissioner and other signatories and written on multiple blockchains such as Alastria, Ethereum and JP Morgan Quorum in the official signing ceremony.The International Association for Trusted Blockchain Applications is an initiative promoted by the EU’s European Blockchain Partnership — a collaboration of 26 EU countries as well as Norway, including UK, France, Germany, Sweden, the Netherlands, and Ireland. Its objective is to develop EU blockchain regulation and prepare for the launch of EU-wide blockchain applications.https://ift.tt/2C4DIXS will provide an avenue for harmonising and implementing blockchain best practice at a European and International level to avoid technological fragmentation, especially in banking and financial services. The Association will bring experts together and enable them to implement ideas and proposals for the growth of blockchain-based infrastructure and digital services. Global banks BBVA and Banco Santander were revealed to be joining the initiative after the EU Blockchain Roundtable on November 20th, 2018.The objective of the Association is to enhance trust and innovation in blockchain and other distributed ledger technology. It will promote guidelines and specifications for interoperable blockchain and other distributed ledger technology infrastructures and applications that accord with the relevant principles of EU and international law; meet the highest standards of cybersecurity, privacy, and energy efficiency; and where liability and responsibility are clearly established through transparent governance models.INATBA intends to achieve this objective among other things by:Promoting a transparent and inclusive model of governance for blockchain and other distributed ledger technology infrastructures and applications that reflects the shared interests of stakeholders from industry, start-ups and SMEs, civil society organisations and public authorities;Maintaining a permanent and constructive dialogue with governmental bodies and regulatory authorities (including but not limited to the financial, health and energy sector) that will contribute to the convergence of regulatory approaches to blockchain and other distributed ledger technology globally;Collaborating on guidelines and specifications for trusted blockchain and other DLT infrastructures and applications that support compliance with the EU acquis (including but not limited to Cybersecurity, the General Data Protection Regulation, the Anti-Money Laundering Directive or the Network Information Security Directive). This may include the development of ICT technical specification;Coordinating common efforts undertaken by multiple stakeholders within specific activity sectors to deploy blockchain and other DLT in particular applications and use-cases;Collaborating with governmental initiatives to make use of blockchain and other DLT infrastructures and applications for public services;Cooperating with other national and international innovation platforms and industry organisations that have blockchain and other DLT-related topics in their portfolio;Identifying and bridging global, EU, and EU member state innovation activities on blockchain and other DLT infrastructures and applications;Identifying, and, where possible, attempting to resolve, in part or in whole, market obstacles for blockchain and other DLT deployment in a digital single market and global context;Collecting and administrating the financial resources necessary for the operation and organisation of the Association.Quant Network has been a pioneer in setting the blockchain agenda for Governments by helping implement and foster mass adoption of distributed ledger technology. Firstly, by founding the Blockchain ISO Standard TC307 in 2015 where 53 countries now collaborate globally to implement a Standard that will be adopted globally by Government and technology and service providers. Quant Network will also drive to facilitate the collaboration of INATBA with ISO TC307.More recently, in January 2019 it was announced that Quant Network has been accepted as a company guarantor of Pay.UK, the UK’s largest payment network, alongside banks and other FinTech companies. Through this relationship, Quant Network will shape the payment ecosystem to promote competition, innovation and openness, as well as setting the strategic direction of the Payments infrastructure and adopting the New Payments Architecture (NPA).https://ift.tt/2UmvPE4 Network’s involvement within the EU’s Blockchain Observatory since 2018 helps to accelerate blockchain innovation and the development of the blockchain ecosystem within the EU, and so help cement Europe’s position as a global leader in this transformative new technology.Quant Network’s membership of INATBA demonstrates their commitment to promoting interoperability across borders, industries, and technologies at both a national and international level. Their blockchain operating system, Overledger, is the world’s first blockchain operating system. It enables true interoperability between blockchains and existing networks with just three lines of code to create new types of multi-chain applications to unlock business value.Quant Network Founder and CEO, Gilbert Verdian, says “We are proud to be a founding member of INATBA. We have a heritage of working in Government and with Governments globally to set strategy and policy to benefit society. We are looking forward to helping the EU achieve their vision to create an open and interoperable framework which unlocks the full transformational potential and harnesses the benefits of blockchain and DLT for businesses, the public sector and society”He adds that “We also look forward to the 3rd April 2019 where the EU will make use of Overledger with the Commissioner and signatories sign the EU Blockchain Declaration across multiple blockchains”.About INATBAINATBA aims to unlock the full transformational potential and harness the benefits of blockchain and DLT for businesses, the public sector and society at large. The goals of INATBA are to:Maintain a permanent and constructive dialogue with public authorities and regulators that will contribute to the convergence of regulatory approaches to blockchain and other distributed ledger technology globally.Promote an open, transparent and inclusive global model of governance for blockchain and other distributed ledger technology infrastructures and applications. A model that reflects the shared interests of stakeholders from industry, start-ups and SMEs, civil society organisations, governments and international organisations.Support the development and adoption of interoperability guidelines, specifications and global standards, to enhance trusted, traceable, user-centric digital services. Upholding an open, transparent and inclusive method of multi-stakeholder cooperation.Develop sector-specific guidelines and specifications for the development and acceleration of trusted sectorial blockchain and DLT applications in specific sectors (i.e. financial services, health, supply chain, energy and financial inclusion).About Quant NetworkQuant Network is a pioneering technology company combining cybersecurity, industry and government experience to develop advanced technologies enabling trusted interactions between companies and their customers.Originally published at www.quant.network on March 5, 2019.
Submitted March 06, 2019 at 12:55AM
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