AllianceBlock becomes INATBA’s advisory board member for better blockchain policy and regulation

• The membership will enable AllianceBlock to contribute to improved policy and regulation for the blockchain industry.
• AllianceBlock can use the opportunity to connect crypto and blockchain projects that need its range of DeFi solutions.

Decentralized blockchain platform AllianceBlock has announced that it has become an advisory member of the International Association for Trusted Blockchain Applications (INATBA), an umbrella body for blockchain stakeholders globally. The firm announced this via a detailed Medium Post on October 14, 2022.

As a member of this body, AllianceBlock will assist with engagement with global regulators regarding the best way they can assist in greater adoption and better regulation of blockchain technology. INATBA is the largest collaboration of its kind throughout Europe. However, it only became operational three years ago in collaboration with the European Commission.

The association’s advisory body represents the industry players’ collective interest in discussing with international organizations and decision-makers for the good of the industry. Some notable policymakers it consulted include the European Investment Bank, the Israeli National Digital Agency and the Canadian government.

A notable achievement of INATBA is its clarity regarding the European Union’s (EU) proposed crypto regulation. Apart from involvement in regulatory issues, the body is involved in other research and development areas for the blockchain technology ecosystem. Such areas include the relevance 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 members and the general public can learn more about the industry. Many top blockchain firms are members of INATBA, but membership is also open to TradFi firms. Notable members include Coinbase, Aave, L’Oreal, Binance and Deutsche Borse, a TradFi firm.

Additional benefits for AllianceBlock

As a member of INATBA, AllianceBlock believes it is an opportunity to expose its suite of DeFi solutions to various crypto and blockchain projects that may need them. It also believes that it will help the company realize its primary goal of bridging the gap between decentralized finance (DeFi), traditional finance (TradFi) and crypto.

The company’s co-founder and CTO, Mathijs De Vries, commented on the development. He said that it has always been the desire of AllianceBlock to work with experts with whom they share similar goals. De Vries added that the membership gives the company a chance to offer meaningful solutions to industry problems.

INATBA CEO Ricardo Simoes expressed his delight at having AllianceBlock as a member of the body. He believes AllianceBlock will help accelerate positive adoption of blockchain solutions and constructive discussion with regulators.

Simoes added that AllianceBlock would bring its experience in helping TradFi firms access decentralized markets. AllianceBlock joins 140 other members of INATBA, which include small and medium-sized enterprises (SMEs) and regulators. According to the blog post, it will keep members updated on its involvement in INATBA.