INATBA — what is it? All you need to know

INATBA — what is it? All you need to know

International Association of Trusted Blockchain Applications.

What is INATBA?

INATBA is the International Association of Trusted Blockchain Applications. The project was originally initialized by the European Commission in Brussels, European Union. Since then more than 100 companies — from startups to corporates — have joined the association. Although INATBA’s roots have been politically motivated, the association itself is not related to any political party or group. The administrating board of directors is solely set by people who are working in companies.

Is it a European project?

At first glance, it might look like a project which is limited to European companies. This might also be true for the founding members which are from Europe in its majority. However, INATBA aims to be a global movement and to attract members from all over the world.

Who can join INATBA?

Every business worldwide is invited to join INATBA as long as it’s main business is focused on Blockchain or Distributed Ledger Technology. No matter whether it is a recently founded company (so-called micro-enterprise) or a global brand (so-called large enterprise). However, the structure of INATBA is quite openly for new interested members, there are some criteria to qualify. For one, individuals and private persons are not yet eligible to join INTABA. Secondly, companies which may work with clients who are involved with Blockchain are also not eligible to join. This mainly concerns consulting firms like lawyers, tax consultants or similar. As this might change in the future, there are no current plans to do so. These restrictions are set to keep all its members highly focused on Blockchain.

Is there any fee at INATBA?

There is a yearly fee which has to be paid in advanced. The fee is clustered into different companies sizes of its members. This is starting with the segment of ‘non-commercial enterprises’ to ‘micro-enterprises’ and continues to ‘large enterprises’. All over there are 5 categories. The fee has been set on initial voting of all founding-members and varies between 1,000 and 15,000€. For non-profit the yearly fee is still pending and not yet finalized. Members are associated to one category depending on the company size (number of employees, yearly revenue, age, etc.).

What are the goals of INATBA?

INATBA aims to form an association of worldwide members of all kind of company sizes which are speaking with one voice in order to help to set up global regulation, standards, and adaption of Blockchain technology.

How does INATBA work?

All members are invited to suggest new topics which should be addressed by the organization. If the initiator of a proposal finds enough members who are willed to actively contribute and to work on this matter, it is likely that a new working group is set up. Such working groups are focused on one matter. This structure allows INATBA to cover a wide field of different topics such as regulation, identity management and many more.

How can a business join INATBA?

In order to join INATBA, a new prospect has just to fill out the form on the official website and to provide all the needed information about the company. If you want to learn more about INATBA, its members and goals please visit the official website at https://inatba.org.

Disclosure: Tangany GmbH (Germany) is a founding member of INATBA.