The organization’s objective is to back research and support firms focused on blockchain technology. In addition to the aforesaid institutions, other founding members include Eligma, Bitcoin.com, Pangea Blockchain Fund, Copernicus Holdings, Euronovate, Superflat, Eventboost, Poseidon Group, the Quadrans Foundation, StrongBlock.io, and the Swiss Blockchain Consortium.
“Blockchain is today a much-discussed technology. It is often said, as with the advent of the Internet, that this technology could change many things with a direct impact on a variety of sectors through improvements in supply chains, financial and payment systems, notary businesses, business processes and governments. These are time-consuming processes that require research, new skills, training, investment, experimentation, and a change of mindset.”
The association highlighted the increasing interest in blockchain has paved way for researchers and private firms to look at the option of establishing a center for technological excellence and foster new firms centered on blockchain and create employment opportunities.