IOTA Becomes Founding Member of EU-Based Blockchain Association Along with IBM and SWIFT

  • Alex Morris
    📰 News

    IOTA joins forces with other startups and major corporations to streamline Blockchain adoption with the help of standardized regulatory guidelines   
     


IOTA Becomes Founding Member of EU-Based Blockchain Association Along with IBM and SWIFT
Contents

IOTA, a Berlin-based cryptocurrency startup, has just made an announcement about becoming the founding member of the International Association of Trusted Blockchain Applications (INATBA). The EU-based association already has more than 100 founding members, such as IBM, SWIFT and Accenture.

👉MUST READ IOTA Price Prediction 2019, 2020, 2025 – How Much Will the Cost of MIOTA Be?
IOTA Price Prediction 2019, 2020, 2025 – How Much Will the Cost of MIOTA Be?

Cooperating with regulators  

As VentureBeat reports, the main purpose of INATBA is to provide an opportunity for Blockchain-based startups and big-name corporations to discuss the regulatory initiatives that will be necessary for the development of the fledgling DLT industry in the EU. Interoperability, transparency, and inclusiveness are singled out as the main priorities of the new cooperation.

By introducing pan-European Blockchain standards, Europe wants to compete with North America and Asia in the emerging technologies race. On Apr. 10, 2018, 22 European countries signed and created the European Blockchain Partnership (EBP).

👉MUST READ IOTA Teams Up with Hackster.io to Propel Development of Smart Cities
IOTA Teams Up with Hackster.io to Propel Development of Smart Cities

Limitless potential

IOTA’s Julie Maupin, who now joins the INATBA board of directors, emphasizes the importance of a regulatory framework for propelling the adoption of distributed ledger and Blockchain technologies, further adding that they have ‘limitless potential’. Notably, IOTA is the only major crypto project that joined the association.

👉MUST READ IOTA and Nova Launch New Program to Fund Startups That Utilize Tangle
IOTA and Nova Launch New Program to Fund Startups That Utilize Tangle

A DAG, not a Blockchain   

U.Today reminds its readers that IOTA, which enjoys a first-mover advantage in the internet-of-things (IoT) niche, is based on DAG technology called ‘tangle’. IOTA’s Tangle is considered to be more efficient than traditional Blockchains.
 

Cover image via u.today
Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!
👓 Recommended articles