Categories: Ethereum

Ripple, NEM, Fetch, And EMURGO Launch ‘Blockchain for Europe’

Click here to view original web page at www.ethnews.com

Four blockchain companies – Ripple, NEM, Fetch.AI, and EMURGO – are aiming to create a "unified voice" for blockchain in Europe as regulators and governments consider how to exert their influence on this new technology and the new financial ecosystem it is creating.

The press release says the "policy debate in Europe has been fragmented – with inconsistent information from those outside the blockchain sector challenging consensus within it." Hence the formation of this new association, which hopes to educate policymakers and stakeholders in the European Union on the potential of distributed ledger technology (DLT) and blockchain. It hopes to ensure that anticipated regulation "promotes and boosts" innovation in Europe.

NEM is already established as a platform for enterprise blockchains and has a presence in Europe and around the globe. Ripple is gaining ground in the blockchain space, with a growing number of partnerships with banks and payment providers. Its coin, XRP, overtook Ethereum this year to become the second-largest cryptocurrency by market capitalization.

Fetch.AI and EMURGO, meanwhile, are less-recognizable names. The former is working on a smart ledger that uses machine learning and artificial intelligence (AI), but its technology is not yet live. The latter is one of three governing bodies of the Cardano blockchain – along with IOHK and the Cardano Foundation – and is its commercial arm. Cardano is another third-generation blockchain being built with the promise of increased capability and scaling potential. Similarly, its technology won't be ready until later in 2019.

The four firms recently hosted the "Blockchain for Europe Summit," on November 27, 2018, with four of the largest European parliamentary groups interested in blockchain in attendance, including the European Commission's FinTech task force.

The new association hopes to "help Europe to create smart regulation to shape the global agenda on blockchain," according to the release. Dan Morgan, head of regulatory relations for Ripple in Europe, said, "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."

Kristof Van de Reck, co-founder of the NEM Foundation, added, "There is a lack of unbiased information, especially when it comes to the open and decentralised application of the technology." He hopes Blockchain for Europe will provide "insights which are not tailored to the agenda of specific organisations or stakeholders."

The combination of Asia-based blockchain companies NEM and EMURGO, UK-based Fetch, and US-based Ripple, is perhaps surprising for a Europe-focused organization. That said, it is clear that Europe is a major blockchain market and all four hope to take advantage of that, as well as ensuring, perhaps, a global regulatory precedent. If the EU were to create regulation that stifles blockchain, the aspirations of all four blockchain companies, and the promise of this emerging technology, could be at risk.

Melanie Kramer is a freelance FinTech, blockchain, and cryptocurrency writer based between France and Canada. Melanie has studied, and retains an avid interest in, global politics, business, and economics.

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Ripple, NEM or other Ethereum world news.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Is Boris Gone Landslide and How Would Bitcoin, Markets, React?

The sun has returned on London streets as Boris Johnson, the unelected British Prime Minister, once again covers our TV… Read More

3 hours ago

California Man Admits Masterminding $25 Million Bitcoin Launder Fest

A Los Angeles man has plead guilty to a multi-million money laundering scheme. | Source: Shutterstock By CCN Markets :… Read More

3 hours ago

WORLD NEWS: This Week in Blockchain and Crypto

This week has seen interesting developments around the globe on crypto projects and governments interest in the digital assets space.The… Read More

3 hours ago

Bitcoin Circuit: Is it a scam? Read our comprehensive review!

If you are looking for ways to speculate on cryptocurrencies, then I am sure you have thought about signing up… Read More

3 hours ago

Model: Bitcoin (BTC) Price to Surge 100% to $20,000 by May

In just around nine months, Bitcoin (BTC) will see its next block reward reduction — dubbed “halving”. Despite this rapidly… Read More

3 hours ago

Early Bitcoin Contributor Projected $10 Million BTC Price 10 Years Ago

Share Tweet Send Share Just a week after the bitcoin genesis block in January 2009, computer scientist Hal Finney published… Read More

3 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More