A Dozen Entities Form Blockchain Association in Europe

Some companies working in various aspects of the blockchain spectrum have formed the first ever European association for blockchain. The body whose aim is to collaborate with relevant agencies to drive the adoption of the technology was named L’Association pour le développement des actifs numériques (ADAN).

The members’ modus operandi would be to consult with authorities in various countries and private bodies in their bid to drive promotion of blockchain and ancillary activites.

The founding members of the organization that are also key players in the European sphere are ARKBlockchain PartnerCoinhouseCoinhouse Custody ServicesConsensys FranceiExecKaikoLedgerNomadic LabsLGO and Woorton.

This was reported in a blog post released by Ark on January 14. The company said in the release that its participation as a core member in the formation of the group is a testimony to its work in the distributed ledger technology also known as blockchain. It maintains that its duty would be to promote the technology, not just in France where it is based but in all of Europe.

Speaking on the participation, ARK’s President, François Thoorens said,

“We’re very excited to work with major players in the blockchain and digital asset industries to help drive awareness of blockchain, crypto and digital assets as a whole. Our work will be crucial in helping to represent, advise, influence and drive awareness amongst everyone from government bodies to the private sector.”

The post seen by Cryptoinfowatch announcing the formation of the association states:

“It’s official! #ARK is joining forces with Ledger, Consensys & other blockchain leaders to form ADAN, a new association to help drive adoption of #blockchain #Technology in #Europe.https://t.co/ipAM3GWd7e@Ledger @ConsenSys @simonpolrot @adan_asso #blockchainnews #partnership”

— ARK.io (@ArkEcosystem) January 14, 2020

It was gathered that this is the result of several month’s work behind-the-scene in a bid to create a professional body for blockchain in Europe. The French company stated that even though France enacted the PACTE law last year, it is still necessary to collaborate with other European countries to grow their asset sector.

The group comprises entities that in several areas of operation in the industry such as exchanges, decentralized applications, hardware and protocols.



Author: Jofor Humani

Jofor is a crypto journalist with passion for investigative reviews.

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