The newly floated international blockchain alliance called, International Association for Trusted Blockchain Applications (INATBA) that promotes the development of a global framework and adoption of DLT, has signed up more than 100 organizations spread across the different sector.
The signees include financial giants like Barclays, BBVA, Deutsche Boerse and SWIFT, IT-giant Accenture are among the top 100 organizations to have joined the alliance. Beside traditional organizations, blockchain start-ups such as Ripple, IOTA and ConsenSys have also committed itself to the alliance to develop a predictable, transparent and trust-based global framework.
Based in Brussels, INATBA is an outcome of a series of forums held by the European Commission to create a strategic direction around the emerging technology. The primary objective of INATBA is to work towards facilitating the development and adoption of interoperability guidelines and standards of the blockchain, promoting transparency and conduct dialogues between policymakers, regulators, corporations, start-ups and all other stakeholders.
Carlos Kuchkovsky, CTO, new digital business, BBVA, says:
“BBVA joins INATBA with the conviction that it is essential to foment collaboration among corporations, SMEs, startups, public institutions and regulators in order to create global standards that ensure interoperability among platforms and a clearer legal framework that encourages the adoption of distributed ledger technology and blockchain, so that everyone in the society can take advantage of its benefits.”
Dominik Schiener, co-founder and co-chair of IOTA Foundation, also one of the founding members said:
“Developing a regulatory framework around distributed ledger and blockchain technologies is essential to their widespread adoption and growth.”
“We have established our own Public Regulatory Affairs team to lead this effort and are excited to be one of the founding members of INATBA. The strength and size of this association, as well as the support of the European Commission and other governments, only further shows the limitless future potential for distributed ledger technologies.”
Karthik Subramanian
Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.
