Germany, 13 August 2020 — Lition Technology AG, developing a GDPR compliant public-private blockchain infrastructure, today announced that it has joined the International Association for Trusted Blockchain Applications, to contribute to the joint effort of promoting adoption, collaboration, and wide-spread use of blockchain across multiple sectors.
Launched in 2019, INATBA brings together bringing together startups, non-profits, large industry players, and governmental bodies to establish a regulatory framework for use across the European Union.
As a member, Lition will collaborate with industry leaders to create a platform for standardization, information exchange and harmonization of the blockchain ecosystem.
INATBA provides Lition with an additional direct communication channel to public authorities and regulators, as well as a very diversified business network. Their member base includes companies across a wide variety of industries such as SAP SE, Barclays Services Limited, ConsenSys AG, Deutsche Telekom AG, Fujitsu Technology Solutions, NEC EUROPE LTD, Siemens, Volksbank, Unibright, and more.
“We are very proud to join INATBA in their mission to promote the growth of blockchain-based infrastructure and digital services,” says Lition CEO Dr. Richard Lohwasser. “We look forward to participating in their global forum and doing our part to enhance the trust, innovation, and adoption of the technology.”
INATBA aims to unlock the full transformational potential and harness the benefits of blockchain and DLT for businesses, the public sector and society at large. More information about INATBA can be found on their website.
Lition is pioneering a public-private blockchain infrastructure with deletable data features that will enable businesses to bring innovative blockchain applications to the mass-market that are legally compliant with the GDPR and other data protection laws around the world.
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