Financial entities will join a blockchain association
The Iberian banks BBVA and Santander will join the launch of the International Association for Blockchain Applications (IATBA)
The International Association for Blockchain Applications (IATBA) is a European platform whose main purpose is to encourage the use of blockchain technology. That is, it tries to unite the banks and other entities interested in the blockchain potential, which is why BBVA and Santander were included.
This is an initiative of the public sector, specifically the European Commission, which will hold a conference on blockchain in Brussels and the two financial entities are among the guests. The conference is called “Uniting the industries of Europe to lead the blockchain technologies”.
This initiative is an opportunity for Europe, with its current levels of privacy management, to influence global financial standards.
For its part, the European Blockchain Alliance seeks to develop a reliable, secure and resilient European distributed accounting infrastructure that meets the highest standards in terms of privacy and information security.
L.Sáenz
Source: DiarioBitcoin
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