INATBA Signs Memorandum of Understanding with Blockchain Association Singapore

Blockchain Association Singapore and INATBA (International Association for Trusted Blockchain Applications) have signed an MoU launching a partnership to mutually advance the global blockchain ecosystem and benefit both organisations’ members.

INATBA and Blockchain Association Singapore (BAS) have signed a Memorandum of Understanding to establish a partnership that will advance both organisations’ work in the blockchain ecosystem, contribute toward increased global cooperation around DLT and benefit the more than 200 members of both organisations. This partnership will be announced at Blockchain Association Singapore’s upcoming SG Blockchain Day 2021, held online on 12 November.

Blockchain Association Singapore was established to facilitate collaboration between market participants and stakeholders in the Blockchain ecosystem. The association is an effective platform for members to engage with multiple stakeholders to find solutions to issues and to promote best practices in a collaborative, open, and transparent manner.

INATBA (International Association for Trusted Blockchain Applications) convenes industry stakeholders, startups, SMEs, policymakers, international organisations, regulators, civil society and standard-setting bodies to support blockchain and DLT to be mainstreamed and scaled-up across multiple sectors worldwide. INATBA promotes the usage of blockchain technology by developing transparent and trust-based global frameworks across its 15 Working Groups and Committee topics, including finance, identity, supply chain, interoperability and more.

In response to the signing of the MoU, BAS Co-Chairman Chia Hock Lai noted: “We are excited to work with INATBA to bring its European policy expertise to our membership base. As blockchain moves toward widespread adoption, global cooperation will be paramount in helping it succeed.”

INATBA Executive Director Marc Taverner added: “INATBA is thrilled to work with Blockchain Association Singapore and its membership base to advance global progress on blockchain. Singapore and the surrounding Southeast Asian region is a key geography for DLT development.”

This memorandum intends to establish a mutually beneficial partnership between BAS and INATBA by encouraging cooperation around global events and discussions. Collaboration with BAS will help to facilitate mutual understanding of the international and Southeast Asian DLT and regulatory landscapes. INATBA Executive Director Marc Taverner will be speaking on BAS’s forthcoming SG Blockchain Day panel entitled “Digital Assets Regulations: What’s Next.” The two associations will also work together to deliver exciting international events, including INATBA’s 2022 flagship event, Convergence. 

About Blockchain Association Singapore

The Blockchain Association Singapore (BAS) seeks to empower its members and the community to leverage blockchain and scalable technologies for business growth and transformation. The Association is designed to be an effective platform for members to engage with multiple stakeholders – both regional and international – to discover solutions and promote best practices in a collaborative, open, and transparent manner. BAS aims to encourage literacy blockchain and build a robust talent pipeline for the digital economy in Singapore.

Press Contact:  Rifdi Jaffar, Senior Associate, APRW: rifdi@aprw.asia

About INATBA

INATBA is the leading convener in the global blockchain ecosystem, offering developers, companies, and users of blockchain/distributed ledger technology a forum to interact with regulators and policymakers and bring blockchain technology to its next stage. INATBA currently has 170+ active nonprofit and enterprise members and is advised by more than 40 academic institutions and 23 governmental organisations and agencies from 15 countries across Europe, North America, Africa, and Asia. INATBA often issues research and commentary on blockchain regulation and policy from its 14 workgroups spanning finance, governance, education, healthcare, identity, climate action, and more. The mission of INATBA is to develop transparent and inclusive governance and cooperation models for blockchain applications, to inform policy and regulatory measures that may contribute to harnessing the many opportunities of blockchain through a close dialogue with policy-makers and regulators, and promote regulatory convergence that drives potential impacts for society and the economy from these technologies. To learn more, visit www.inatba.org.

Press Contact: pr@inatba.org

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