Founding The European Blockchain Association

by | Oct 17, 2018 | news | 0 comments

We are very happy to announce the founding of the European Blockchain Association EBA! The EBA has been incorporated as a German association, called “Verein”, in Berlin, with an additional office in Munich. The EBA’s mission is to empower the European blockchain ecosystem by combining, synchronizing and leveraging blockchain-related activities of European corporations, startups, venture capitalists, and scientific institutes. The EBA serves as a superior, neutral body to aggregate and coordinate blockchain activities throughout Europe and to provide Non-European parties with a direct API into the European blockchain ecosystem.

The EBA is designed as a so-called Decentralised Semi-Autonomous Organisation DSAO with each separate entity acting as an independent node, connected with others through a blockchain protocol, with a governmental framework as stipulated in the EBA statutes. The EBA is internally organized and powered through blockchain-based payment and accounting protocol leveraging the crypto currency XSC.

The EBA sees itself as a protocol and toolset with the single purpose to serve its mebers. Although the association itself is a central legal entity, the statutues only serve as a necessary link to the real world, with its laws and regulations, as well as its communicative needs. The EBA founders are deeply convinced and inclined to create and operate the EBA as a DSAO as much as possible. The essence of a DSAO is not only the almost complete absence of a central authority, but foremost the implementation of an incentive scheme that incentivizes individual community members to actively participate in and add value to the network. With its blockchain-based payment and ledger protocol RAAY and the crypto currency Crowdstart Coin XSC, EBA members participate in a network that rewards actively and consistently added value to the blockchain ecosystem at large.

We encourage you to join the European Blockchain Association if you are a member of the blockchain community! Contact us, connect with other members and actively participate in building the blockchain ecosystem!