Officially founded in April 2019, the International Association for Trusted Blockchain Applications (INATBA) offers developers and users of blockchain and distributed ledger technologies (DLT) a global forum. Mainly they aim to interact with regulators and policy makers in order to bring blockchain technology to the next stage. The Association currently consists of about 170 members in 5 membership categories. These organizations represent the full distributed ledger technology ecosystem. They have joined forces because they aim to develop the framework for distributed ledger technologies in Europe.
Basically, 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. Through INATBA, they aim to foster an environment that encourages the application of the technology across the EU member states.
Besides the European Commission, organizations such as the World Bank, the OECD, the UN World Food Program, UNFCCC, UNICEF, the European Investment Bank as well as the European Bank for Reconstruction and Development have joined INATBA’s Governmental Advisory Board.
INATBA’s core missions:
- Constructive dialogue
Firstly, it is important to maintain a permanent and constructive dialogue with authorities and regulators, which will contribute to the convergence of regulatory approaches for blockchain and other distributed ledger technologies worldwide.
- Governance model
Promote an open, transparent and inclusive global model of governance for blockchain and other distributed ledger technology infrastructures that reflect the shared interests of stakeholders from industry, start-ups, and SMEs, civil society organizations, governments, and international organizations is also a main goal.
- Development support
Furthermore, the development and adoption of interoperability guidelines, specifications, and global standards will be supported to improve trustworthy, traceable, user-centric digital services.
- DLT applications
The development of sector-specific guidelines and specifications for the development and acceleration of trusted sectoral blockchain and DLT applications in specific sectors is also on the agenda.
INATBA brings together industry, start-ups, and SMEs, policy makers, international organizations, regulatory authorities, civil society, and standardization bodies. In particular, to support the blockchain and distributed ledger Technology (DLT) to be introduced and scaled up in several sectors.
Among other things, Dr. Sven Hildebrandt heads the Finance Working Group 2 of INATBA, which deals in particular with the topics “License Requirements for Digital Asset Exchanges and Custodians” and “Digital Asset Fund Management and Administration”.
In addition to our work for INATBA, Digital Assets Custody and Distributed Ledger Consulting GmbH participate actively in the following associations and organizations:
- Bitkom (German Federal Association for Information Technology, Telecommunications, and New Media)
- DIN (German Institute for Standardization)
- ISO (International Organization for Standardization)
- ITSA (International Token Standardization Association e.V.)
You can learn more about the work of INATBA here.