105 Organizations Announce New Blockchain Association INATBA

105 organizations representing the full distributed ledger technology (DLT) ecosystem today announced their commitment to a new platform, the …
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105 organizations representing the full distributed ledger technology (DLT) ecosystem today announced their commitment to a new platform, the International Association of Trusted Blockchain Applications. Launched with a ceremonial digital signing at the European Commission headquarters, INATBA will promote the use of blockchain technology by developing a predictable, transparent, and trust-based global framework.

Hosted at the European Commision Headquarters, the signing ceremony included a keynote speech from the European Commissioner for Digital Economy and Society, Mariya Gabriel, and remarks from Director-General, Roberto Viola. Following this, the signatures of the INATBA members, including iPoint CEO Joerg Walden’s, were hashed on several distributed ledgers to formally launch the organization. “Since we view Blockchain as an important enabler of the Circular Economy and the Sustainable Development Goals, iPoint is very excited to be a founding member of INATBA“, Joerg Walden, CEO of iPoint and co-founder of Blockchain startup CircularTree, states. “Blockchain has the potential to make products, processes, and services more trusted, transparent, and traceable and thereby stimulate new business models which can contribute to sustainable economic growth,” he adds.

“We are thrilled to see that over 100 companies and organizations have partnered together to help develop the framework for distributed ledger technologies in Europe. It clearly signifies that blockchain technology will be a driving force for our economy in the coming years, and through INATBA we will be able to foster an environment that encourages the application of the technology across the EU member states.”

Mariya Gabriel, European Commissioner for the Digital Economy and Society.

This initiative also has the strong support from leading international organizations. The European Commission, the World Bank, the OECD, the UN World Food Program, UNFCCC, UNICEF, the European Investment Bank, the European Bank for Reconstruction and Development, and the OECD have joined INATBA’s Governmental Advisory Board. All EU Member States and the European Blockchain Partnership are expected to join as governmental advisors.

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The initiative for INATBA came from several participants in the EU Blockchain Industry Round Table, a European Commission hosted group, which has been working to identify the right conditions for blockchain technologies to flourish. The announcement by major Blockchain providers, large-scale users, start-ups and business and sectoral associations is a clear endorsement of the role INATBA will play in unlocking the potential of DLT across business and society.

The organizations listed below have declared their commitment to develop interoperability and sector-specific guidelines and standards, transparent and inclusive governance and ongoing constructive dialogue with authorities and regulators, to ensure that INATBA will be a significant driver of blockchain innovation and adoption internationally.

INATBA has mandated itself with three chief objectives:

  1. 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 organizations, governments and international organizations.
  2. 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.
  3. 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).

The 105 founding organizations include:

  • 21 Consulting GmbH
  • AB InBev (Anheuser-Busch InBev)
  • AboutGovernance B.V.
  • ACCENTURE
  • ACCORD PROJECT, LLC
  • ALASTRIA
  • ALIS Co., Ltd.
  • Ambrosus (Represented by Innolab Engineering SARL)
  • BANK FRICK & CO AG
  • Barclays Services Limited
  • BBFA LTD
  • BBVA (Banco Bilbao Vizcaya Argentaria, S.A.)
  • Berkeley Research Group (UK) Ltd. (thinkBRG)
  • Billon Group Ltd
  • Billon Sp. z o.o
  • Bitfury Holding B.V.
  • Blockchain Bundesverband e.v. (Bundesblock)
  • Blockchain Centre Vilnius
  • Blockchain Hungary Association
  • BLOCKCHAIN ITALIA SRL
  • Blockchance UG
  • Boerse Stuttgart Digital Ventures GmbH
  • BOTLabs GmbH
  • BPCE
  • BUIDL, Ltd.
  • Caisse des dépôts et consignations
  • CARDANO Stiftung
  • CASHLINK Technologies GmbH
  • Česká fintech asociace, z.s.
  • Chaintip B.V.
  • Climate Change Coalition (Novasphere)
  • COALA (Coalition d’Applications Le´gales Automatise´es)
  • COCIR (European Coordination Committee of the Radiological, Electromedical and Healthcare IT Industry)
  • COCUS Aktiengesellschaft
  • Coinarmy Bilisim Teknolojileri Ticaret Anonim Sirketi
  • COMPELLIO SA
  • ConsenSys AG
  • Datafloq B.V.
  • DECENT International, a.s.
  • DEON DIGITAL
  • Deutsche Börse AG
  • Deutsche Telekom AG
  • DIGITAL GRID Corporation
  • DLC Distributed Ledger Consulting GmbH
  • DNV GL Business Assurance Group AS
  • ECLIPSE FOUNDATION
  • ECSDA (European Central Securities Depositories Association)
  • EFN (FEDERATION EUROPEENNE DES ASSOCIATIONS INFIRMIERES )
  • ELECTRINA HOLDINGS DESIGNATED ACTIVITY COMPANY
  • ENGIE
  • ENTERPRISE ETHEREUM ALLIANCE INC.
  • ERTICO (European Road Transport Telematics Implementation Coordination
  • EVAN GmbH
  • Everis Belgique
  • Fractal Blockchain GmbH
  • Fujitsu Technology Solutions
  • FUTURE ENERGY FOUNDATION LIMITED
  • Gnosis Limited
  • GuardTime AS
  • IBM
  • Intesa SanPaolo
  • IOTA Foundation
  • IPDB Foundation e.V. (Interplanetary Database Foundation e.V.)
  • iPoint-systems gmbh
  • ITALIA 4 BLOCKCHAIN
  • Jolocom GmbH
  • Konfidio UG
  • Kriptomat
  • Kunfud Cero Seis, SL
  • LEDGER
  • Lisk Stiftung
  • L’OREAL
  • Lukso Blockchain GmbH
  • LYNKEUS
  • MADANA UG
  • NEC EUROPE LTD
  • Odilia GmbH
  • ParkinGO International SA
  • QPQ Limited
  • QUANT NETWORK LTD
  • R3 LLC
  • Raoof Consultancy Limited
  • Repsol SA
  • Riddle & Code GmbH
  • Ripple Labs Inc.
  • RoyaltyRange (Intangible Range Ltd.)
  • S. ESTEBAN CONSULTING LIMITED
  • SAP SE
  • Scrypt.Media
  • SIA S.p.A.
  • slock.it GmbH
  • Sovrin Foundation
  • Stablecoin Integration servies Danmark IVS
  • Stichting FIBREE
  • STOKR S.A.
  • Summitto B.V.
  • SWIFT (Society for Worldwide Interbank Financial Telecommunication)
  • Tangany GmbH
  • TechGDPR DPC GmbH
  • Telefónica SA
  • thinkBLOCKtank
  • Unibright IT GmbH
  • Volksbank Mittweida eG
  • WE.TRADE INNOVATION
  • Yoti Ltd

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IOTA Becomes A Founding Member of New International Association of Trusted Blockchain …

… further shows the future limitless potential for Distributed Ledger Technologies,” said Dominik Schiener, co-founder and co-chair of IOTA Foundation …

IOTA Foundation, a non-profit foundation focused on distributed ledgertechnology (DLT) and permissionless ecosystem development, announcedtoday it has joined the International Association of Trusted BlockchainApplications (INATBA) as a founding member. INATBA’s core directive isto promote the use of DLT technology by developing a predictable,transparent and trust-based global framework. INATBA offers developersand users of DLT a global forum to interact with regulators andpolicymakers and bring DLT and blockchain technology to the next stage.

The initiative is an outgrowth of the EU Blockchain Industry RoundTable, a European Commission-hosted group convened to identify the rightconditions for DLT to flourish. The Association was legally formed inMarch with more than 100 founding members, including major DLT andblockchain providers, large-scale users, start-ups, and business andsectoral associations.

Digital Signing at the European Commission Headquarters

The digital signing of the INATBA Charter at the European Commissionheadquarters will be hosted by European Commissioner Mariya Gabriel, whowill give a keynote speech, and Director-General Roberto Viola. Thedigital signatures will be hashed on IOTA’s Tangle network, in additionto other DLTs, to create an immutable audit trail of the signing. Inconnection with the founding of the Association, Julie Maupin, IOTA’sDirector of Social Impact and Public Regulatory Affairs, was elected toserve on the INATBA board of directors.

“Developing a regulatory framework around distributed ledger andblockchain technologies is essential to their widespread adoption andgrowth. We have established our own Public Regulatory Affairs team tolead this effort and are excited to be one of the founding members ofINATBA. The strength and size of this association, as well as thesupport of the European Commission and other governments, only furthershows the future limitless potential for Distributed LedgerTechnologies,” said Dominik Schiener, co-founder and co-chair ofIOTA Foundation.

The organizations named below have committed to INATBA’s goals ofdeveloping interoperability guidelines and standards, transparent andinclusive governance, and ongoing constructive dialogue with authoritiesand regulators. The organization believes this approach will be asignificant driver of distributed ledger technology innovation anduptake.

As part of this collaborative approach, INATBA’s founders enshrinedfour goals:

  1. Maintain a permanent and constructive dialogue with public authoritiesand regulators that will contribute to the convergence of regulatoryapproaches to blockchain and other distributed ledger technologiesglobally.
  2. Promote an open, transparent and inclusive global model of governancefor blockchain and other distributed ledger technology infrastructuresand applications — a model that reflects the shared interests ofstakeholders from industry, start-ups and SMEs, civil societyorganisations, governments and international organisations.
  3. Support the development and adoption of interoperability guidelines,specifications and global standards, to enhance trusted, traceable,user-centric digital services and uphold an open, transparent andinclusive method of multi-stakeholder cooperation.
  4. Develop sector-specific guidelines and specifications for thedevelopment and acceleration of trusted sectorial blockchain and DLTapplications in specific sectors (i.e. financial services, health,supply chain, energy and financial inclusion).
CIO, CTO & Developer Resources

The organizations are asking other like-minded blockchain stakeholdersto join INATBA and help drive the development and deployment of thetechnology across the globe. For more information on INATBA, visit: https://www.inatba.org/.

For information on IOTA and its work with regulators and policymakers,please visit: https://www.iota.org/get-started/for-regulators-and-policymakers

The founding organizations include:

21 Consulting GmbH

AB InBev (Anheuser-Busch InBev)

AboutGovernanceB.V.

ACCENTURE

ACCORD PROJECT, LLC

ALASTRIA

ALISCo., Ltd.

Ambrosus (Represented by Innolab Engineering SARL)

BANKFRICK & CO AG

Barclays Services Limited

BBFA LTD

BBVA(Banco Bilbao Vizcaya Argentaria, S.A.)

Berkeley Research Group(UK) Ltd. (thinkBRG)

Billon Group Ltd

Billon Sp. z o.o

BitfuryHolding B.V.

Blockchain Bundesverband e.v. (Bundesblock)

BlockchainCentre Vilnius

Blockchain Hungary Association

BLOCKCHAINITALIA SRL

Blockchance UG

Boerse Stuttgart Digital VenturesGmbH

BOTLabs GmbH

BPCE

BUIDL, Ltd.

Caisse des dépôtset consignations

CARDANO Stiftung

CASHLINK Technologies GmbH

Českáfintech asociace, z.s.

Chaintip B.V.

Climate Change Coalition(Novasphere)

COALA (Coalition d’Applications Légales Automatisées)

COCIR(COMITE EUROPEEN DE COORDINATION DES INDUSTRIES RADIOLOGIQUESELECTROMEDICALES ET D’INFORMATIQUE DE SANTE)

COCUSAktiengesellschaft

Coinarmy Bilisim Teknolojileri Ticaret AnonimSirketi

COMPELLIO SA

ConsenSys AG

Datafloq B.V.

DECENTInternational, a.s.

DEON DIGITAL

Deutsche Börse AG

DeutscheTelekom AG

DIGITAL GRID Corporation

DLC Distributed LedgerConsulting GmbH

DNV GL Business Assurance Group AS

ECLIPSEFOUNDATION

ECSDA (European Central Securities DepositoriesAssociation)

EFN (FEDERATION EUROPEENNE DES ASSOCIATIONSINFIRMIERES )

ELECTRINA HOLDINGS DESIGNATED ACTIVITY COMPANY

ENGIE

ENTERPRISEETHEREUM ALLIANCE INC.

ERTICO (European Road Transport TelematicsImplementation Coordination Organisation)

EVAN GmbH

EverisBelgique

Fractal Blockchain GmbH

Fujitsu Technology Solutions

FUTUREENERGY FOUNDATION LIMITED

Gnosis Limited

GuardTime AS

IBMBELGIUM

Intesa SanPaolo

IOTA Foundation

IPDB Foundatione.V. (Interplanetary Database Foundation e.V.)

iPoint-systems gmbh

ITALIA4 BLOCKCHAIN

Jolocom GmbH

Konfidio UG

Kriptomat

KunfudCero Seis, SL

LEDGER

Lisk Stiftung

L’OREAL

LuksoBlockchain GmbH

LYNKEUS

MADANA UG

NEC EUROPE LTD

OdiliaGmbH

ParkinGO International SA

QPQ Limited

QUANT NETWORKLTD

R3 LLC

Raoof Consultancy Limited

Repsol SA

Riddle& Code GmbH

Ripple Labs Inc.

RoyaltyRange (IntangibleRange Ltd.)

S. ESTEBAN CONSULTING LIMITED

SAP SE

Scrypt.Media

SIAS.p.A.

slock.it GmbH

Sovrin Foundation

StablecoinIntegration servies Danmark IVS

Stichting FIBREE

STOKR S.A.

SummittoB.V.

SWIFT (Society for Worldwide Interbank FinancialTelecommunication)

Tangany GmbH

TechGDPR DPC GmbH

TelefónicaSA

thinkBLOCKtank

Unibright IT UG

Volksbank Mittweida eG

WE.TRADEINNOVATION

Yoti Ltd

About the IOTA Foundation

IOTA is a not-for-profit foundation incorporated and registered inGermany. The IOTA Foundation’s mission is to support the development andstandardization of new distributed ledger technologies (DLT),specifically the IOTA Tangle. The IOTA Tangle is an innovative type ofDLT specifically designed for the Internet of Things (IoT) environment.It is an open-source protocol facilitating novel Machine-to-Machine(M2M) interactions, including secure data transfer, fee-less real-timemicropayments, and the collection and dissemination of sensor-based andother data. www.iota.org

View source version on businesswire.com: https://www.businesswire.com/news/home/20190403005510/en/

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Quedex Poised to Become the First Regulated Crypto-Centric Futures and Options Exchange

The Gibraltar Financial Services Commission (GFSC) has made an in-principle decision to issue a Distributed Ledger Technology (DLT) licence to …

The Gibraltar Financial Services Commission (GFSC) has made an in-principle decision to issue a Distributed Ledger Technology (DLT) licence to Quedex. An in-principle decision is the final stage of the licence authorisation process, where Quedex needs to satisfy the GFSC with respect to one or more conditions before obtaining a licence. The licence that would follow at the end of this process would make Quedex the first regulated crypto-centric futures and options exchange in the world.

Quedex offers its users the opportunity to trade in futures and options contracts on crypto assets on a fully-fledged, transparent and secure financial platform. It was the second exchange in the world to offer this, and, after the positive decision is now well on course to be the first ever regulated operation of its kind. Quedex gives its client base, consisting of institutional investors, miners, hedgers and active traders the opportunity to hedge against cryptocurrency volatility. The current crypto-centric futures market sees a $4bn daily turnover and has been growing despite the bear market.

Now that an in-principle decision regarding the licence has been made Quedex is set to be the only company of its kind to be able to offer compliant services, potentially opening up enormous possibilities for institutional investors and other traders looking for a platform under proper supervision of a financial regulator. A final DLT licence would mean submitting to the strict regulations outlined by the GFSC and injecting much needed transparency into a traditionally opaque industry.

Wiktor Gromniak, CEO and co-founder of Quedex was quoted saying: “The in-principle decision is a landmark moment for us. The licence that we are now well on our way to obtain will give customers additional protections that they can’t get anywhere else, for example around IT security, financial auditing processes and policies around effective corporate governance arrangements. It will help push crypto from unregulated grey areas into transparent environments and we are very proud to be pioneering this movement.”

Quedex is backed by committed investors with deep knowledge of the DLT economy. One of them is Wojtek Kostrzewa, former CEO of media holding ITI and former CEO of mBank among other high profile c-level roles, who currently serves as Quedex’ chairman parallel to his responsibilities as CEO of successful blockchain startup Billon. “Quedex is that rare combination of the right idea, executed by the right people which is what investors are always looking for. Crypto futures exchanges are hot right now, just look at the recent 9 digit acquisition of CryptoFacilities by Kraken, or Nasdaq’s and ICE’s efforts to enter the arena. With the upcoming licensing Quedex has gained critical advantage and is well positioned to seize on the future.”

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Bitcoin futures exchange Quedex set for Gibraltar DLT license

… that the Gibraltar Financial Services Commission (GFSC) has made an in-principle decision to issue a Distributed Ledger Technology (DLT) license …

Quedex, a bitcoin futures, and options exchange, announced today that the Gibraltar Financial Services Commission (GFSC) has made an in-principle decision to issue a Distributed Ledger Technology (DLT) license to Quedex. An in-principle decision is the final stage of the license authorization process, where Quedex needs to satisfy with respect to the GFSC one or more conditions before obtaining a license.

Quedex offers its users the opportunity to trade in futures and options contracts on crypto assets on a fully-fledged, transparent and secure platform. Quedex gives its client base, consisting of institutional investors, miners, hedgers and active traders the opportunity to hedge against cryptocurrency volatility.

“The in-principle decision is a landmark moment for us. The license that we are now well on our way to obtain will give customers additional protections that they can’t get anywhere else, for example around IT security, financial auditing processes and policies around effective corporate governance arrangements. It will help push crypto from unregulated grey areas into transparent environments and we are very proud to be pioneering this movement.”

Wiktor Gromniak, CEO and co-founder of Quedex

Quedex is backed by committed investors with deep knowledge of the DLT economy. One of them is Wojtek Kostrzewa, former CEO of media holding ITI and former CEO of mBank among other high profile c-level roles, who currently serves as Quedex’ chairman parallel to his responsibilities as CEO of successful blockchain startup Billon.

Quedex is currently live trading on BTCUSD products. The company plans to further expand its product offering to several altcoins in the near future.

Quedex’ Christopher Wawn, Wojciech Kostrzewa, Wiktor Gromniak, Mateusz Wywiał in front of their new office at Cathedral Square, Gibraltar.

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Fintech investments in 2018 double to USD365 million in Singapore

… (SGD492 million) in 2018 as compared to USD180 million (SGD242 million) in 2017, revealed the latest Accenture’s analysis of CB Insights data.

The rise of the fintech sector in Singapore has been highlighted once again as the investment in this field has doubled to USD365 million (SGD492 million) in 2018 as compared to USD180 million (SGD242 million) in 2017, revealed the latest Accenture’s analysis of CB Insights data.

 Fintech investments in 2018 has doubled to USD365 million (SGD492 million) in Singapore. Photo courtesy: everipedia
Fintech investments in 2018 has doubled to USD365 million (SGD492 million) in Singapore. Photo courtesy: everipedia

This has placed the island country amongst the top five fintech markets by funds raised last year in Asia Pacific, behind China, India, Australia and Japan,

In addition to this, the number of deals in the country rose to 71 from 61 in 2017, making it the third busiest market in the region, behind only China and India.

Among the utilisation of the fund, about 28 per cent (USD102.2 million – SGD137.7 million) of the total funds raised last year went to fintech companies in lending, whilst those in payments took 26 per cent (USD94.9 million – SGD127.9 million) and insurtechs 20 per cent (USD73 million – SGD98.4 million), the data showed.

Various important deals were conducted in Singapore in 2018 including the USD60 million (SGD80.8 million) cloud company Deskera raised in November, the USD52 million (SGD70.1 million) insurtech Singapore Life raised in December and the USD32 million (SGD43.1 million) cryptocurrency and blockchain startup Terra raised in August. Eight of the top 10 deals were conducted in the island country.

 Divyesh Vithlani, managing director at Accenture and ASEAN Financial Services. Photo courtesy: Youtube
Divyesh Vithlani, managing director at Accenture and ASEAN Financial Services. Photo courtesy: Youtube

“The fintech market in Singapore is going from strength to strength. It’s great to see it reaching this level of activity and diversification, which just goes to show how much it’s matured the past years,” said Divyesh Vithlani, managing director at Accenture and ASEAN Financial Services.

“The size of the market and the value of deals still have a lot to catch up to regional giants such as China and India, but Singapore is already the third busiest fintech market in the region and this level of activity bodes well for the future expansion of new technologies in many of the different areas of finance,” he added.

If we look at the overall picture, global investment in fintech ventures has more than doubled in 2018, to USD55.3 billon (SGD74.54 billion), led by a surge in funding in China and strong gains in several other markets as investors placed larger bets in more mature startups.

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