The development and use of blockchain technologies has been given a boost in the UK via the launch of the British Blockchain Association, founded with the aim of supporting adoption across public and private sectors, as well as the so-called third sector.
The Association includes industry and academic experts in areas of distributed ledger technologies, IT and computer science.
The BBA also has links to peers such as the Blockchain Association of Belgium, and the Nordic Blockchain Association.
Announced during the London Blockchain Week 2018 event, the launch of the non-profit organisation aims to leverage strategic collaboration to bring about best practice and boost adoption of blockchain solutions more broadly. This includes linking experts and organisations with policymakers, blockchain engineers and venture capitalists, the BBA stated.
“The British Blockchain Association will advocate for education on blockchain adoption within the profession. Our existing working groups include the Journal of British Blockchain Association (JBBA), Europe’s first peer reviewed research journal on blockchain and distributed ledger ecosystems. The association is designed to provide a forum for experts to share information, provide pastoral support and create broader educational opportunities. We are also in the process of setting up the British Blockchain Research Centre (B.B.R.C). The BBA Student Forum (BBA SF) is the student wing of the Association and is responsible for networking and hosting blockchain student meet-ups across the UK.”
“We advocate for national adoption of distributed ledger technologies to bring tangible, real world impact with economic sustainability. We strive to make Britain one of the leading nations in blockchain arena by benchmarking exemplary standards,” the BBA stated.
Blockchain technology has been much associated with cryptocurrencies, but the broader applications are starting to impact other elements of asset management.