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11 December, 2018 - 23:20 By Kate Sweeney

Fetch.AI at heart of new European blockchain power group

Fetch.AI in Cambridge is at the heart of a new power group representing blockchain originating organisations in Europe.

It has joined forces with EMURGO/Cardano, NEM and Ripple to found Blockchain for Europe – the first credible attempt to create a unified voice for the blockchain industry at European level. 

The rationale for the new body is that policy debate in Europe has been fragmented with inconsistent information from those outside the blockchain sector challenging consensus within it.

The association’s goals are to foster the understanding within EU and member state institutions on the true nature and potential of distributed ledger and blockchain technology, and to ensure that upcoming regulation promotes and boosts innovation in Europe.

The members are organisations whose businesses originate from DLT and blockchain technology. They share a common vision of Europe becoming the global frontrunner in blockchain technology.

Blockchain for Europe wants to help Europe to create smart regulation to shape the global agenda.

The association hosted, alongside the four largest European Parliament groups, a very successful Blockchain for Europe Summit at the end of November. 

It brought together stakeholders from around the world, discussing issues such as governance, healthcare, transport, trade, identity, financial market infrastructure and tokens/cryptocurrencies. 

The debate showcased the potential benefits both for policy-makers and blockchain originating companies when they engage directly and transparently.

Toby Simpson, CTO and co-founder, Fetch.AI, said: “This is an extraordinary opportunity to guide European policy in a field that will positively change the lives of so many people. The convergence of technologies like machine learning, AI and decentralised ledgers delivers the opportunity for a world where technology works more effectively for the benefit of us all.”

• PHOTOGRAPH SHOWS: Toby Simpson of Fetch.AI

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