Cardano/EMurgo, Fetch.AI , Ripple, and NEM have decide to team up in order to spread their word throughout Europe by launching a new association by the name of Blockchain for Europe.
The association was created to represent the interest of blockchain companies and business based throughout the region, while providing education about the inner workings of blockchain, cryptocurrency and distributed ledger technology. They are also planning to help the European region by “creating smart regulation to shape the global agenda on blockchain.”
Kristof Van de Reck, Co-founder of NEM Foundation, believes that the blend of companies will give the association a path way to communicating with leaders and lawmakers of the EU.
“There is a lack of unbiased information, especially when it comes to the open and decentralized application of the technology. By joining forces with different stakeholders that have blockchain at the core of their business, we aim to provide insights which are not tailored to the agenda of specific organizations or stakeholders.”
Ripple’s head of regulatory relations in Europe, Dan Morgan, states that it’s very important to help these politicians understand blockchain and the importance of implementing policies that would support the emerging technology.
“This is a critical time for policymakers in Europe as they seek to develop the right regulatory framework to capture the benefits of both digital assets and blockchain technology.”
CIO of Emurgo, Manmeet Sign, also agreed that its time for smart legislation to begin, so new startup companies will be capable of expanding.
“Within the scope of Emurgo’s mission to drive the adoption of Cardano globally, we are very keen to work with the European institutions in crafting the rules and regulations which will enable blockchain technology to thrive globally, thereby expanding the impact of our third generation blockchain Cardano, all under the leadership of EU governance.”
During November 27th, the association hosted a Blockchain of Europe Summit, which features the four largest European Parliament groups.
With These four groups getting together to shape the European countries into places that accepts blockchain and crypto related companies is quite amazing. If they manage to succeed in their endeavors, the EU will become a bastion of blockchian technology and propel the space into something we could only imagine.
Do you think they’ll succeed in their crusade of spreading the good faith of blockchain technology?
Let us know your thoughts.