Well-known companies including AB InBev, Accenture, BBVA, Barclays, IBM, Deutsche Telecom, SAP, Repsol and Telefonica, are among the signatories pledging to support blockchain technology by developing a “predictable, transparent and trust-based” framework. The International Association for Trusted Blockchain Applications (INATBA) is intended to be a platform for organisations to interact with regulators and policy makers on issues related to blockchain technology. Blockchain is the technology that underpins popular cryptocurrencies such as bitcoin. While most associated with cryptocurrencies - a state of affairs that has arguably held back take-up of the technology- blockchain is forecast to transform business models across a wide range of industries. Lory Kehoe, managing director of blockchain-focused software company ConsenSys Ireland and a founding member of lobby group Blockchain Ireland, was among those present at the singing ceremony in Brussels on Wednesday.

Source: The Irish Times April 03, 2019 13:30 UTC