New European Blockchain Association Called ADAN
“Association pour le Développement des Actifs Numériques” (ADAN) is an association that will represent the blockchain industry before the authorities in France and Europe. “The Association for the Development of Digital Assets” was announced on January 14th, 2020 through a press release on the official ADAN website.
Its job will be to represent the European blockchain industry, by bringing players together and contribute to their progress and development, by communicating with public authorities and the industry; By taking a position regarding industry-specific topics, and by accompanying all members through meetings and the facilitation of synergies through a support program. Legal expert Simon Polrot is the President of the Association and the initial members of the association are these following 11 blockchain companies:
Depending on your experience and knowledge of the European blockchain industry, you are aware of these companies and their products and services. ADAN wants to lead the public debate that will hopefully result in an increase in blockchain innovation in the European marketplace.
The association feels that Europe as a whole is lagging behind the rest of the world when it comes down to blockchain and digital assets i.e. cryptocurrencies. According to the press release, the association’s work will involve establishing the supervision of digital asset service providers under the human rights law established in France in May last year, PACTE.
They will also raise awareness about existing industry solutions, will push for improvements to legal and tax governments, and provide awareness and support to public authorities for measures that will support the development of a Europe-based, yet international blockchain industry.
ADAN represents a big promise and a significant social and political influencer within the European blockchain industry. It’s too early to say, but depending on the dedication of the association they may end up being critical to the implementation of realistic laws, subsidies, and union-level blockchain platforms. Indeed, the dedication of these companies is not at all in question, if not all, some of them have existed for more than five years, making them a blockchain veteran. Their presence in this association is a comforting indicator that showcases that ADAN is here to stay and work on blockchain integration.
Europe is indeed behind in the global blockchain discussion on a governmental and union level. Many individuals and companies have already been established, but comparably to the USA and Asia, there is no significant drive to pursue a wholesome blockchain integration. The association will further publicize their establishment by organizing an event in Paris where they will discuss Europe’s opportunities with Digital Assets. For more information, refer to the press release.
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