- IOTA is one of the founding members of INATBA whose goal is to bring together all stakeholders within the crypto ecosystem.
- As part of INATBA, IOTA has also undertaken crucial projects such as building social impact frameworks for blockchain projects.
The IOTA Foundation has been part of several major initiatives across the world and now it has recently become part of one of Europe’s most important blockchain councils INATBA, the International Association for Trusted Blockchain Applications.
On Tuesday, April 25, INATBA welcomed IOTA’s senior regulatory affairs expert Mariana de la Roche among its board of directors. As part of this leadership role, Mariana will be instrumental in working to build regulatory policies and frameworks for Europe’s blockchain industry.
[ICYMI] Congratulations to our @Marianadlrw ! We’re excited to see what this new role will bring.
Read more about #IOTA and @INATBA_org here 👇 https://t.co/oEaVgu6PO3 https://t.co/1tAwr46Ilt— IOTA (@iota) April 25, 2023
The goal of INATBA is to bring together all stakeholders within a crypto ecosystem which includes DLT developers, users, policymakers, as well as regulators to work together on developing the technology and further boosting its adoption.
Founded back in 2019 in Brussels, INATBA comprises 170 member organizations along with the IOTA Foundation being one of its founding members. Besides, IOTA is also part of INATBA’s several working groups including the Social Impact & Sustainability Working Group (SISWG), the Privacy Working Group (PWG), and the Finance Working Group (FWG).
IOTA and SISWG
The IOTA Foundation has been working along with the Social Impact and Sustainability Working Group (SISWG) to provide a clear definition of social impact for blockchain projects along with creating a framework for social impact measurement.
IOTA’s Senior Regulatory Affairs Expert Mariana de la Roche has been leading these efforts with SISWG to bring a standardized definition of social impact to all the small and mid-sized projects within this space. Without a clear definition, framework, or a set of measurements, blockchain projects working on social issues face a roadblock in aligning and generating greater social impact together.
This also makes it difficult for organizations to measure social impact for the purpose of fundraising or attracting stakeholders. To solve this challenge, the SISWG published the Unified Definition of Social Impact for the Blockchain Sector.
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Furthermore, the IOTA foundation has been a driving force in creating INATBA’s Crypto Guide for Non-Profits and NGOs. It’s a big deal for social impact organizations looking for funds to accept donations in crypto and digital assets. However, not every social business, NGOs, and non-profits has the minimum crypto experience and lacks an understanding of its benefits and risks. Thus, SISWG has created an entire guide sharing the fundamental facts of accepting and holding crypto for a non-profit.
Last year in September 2022, INATBA became a part of the UN’s Blockchain for the UN Charter Values and the SDGs Action Plan 100+ (BC100+). The goal of BC100+ is to raise awareness regarding the potential of blockchain for sustainability and social impact. It also explores the potential use of blockchain in addressing “issues such as inequality, poverty, and climate change by rebuilding trust, empowering communities, asserting accountabilities, and re-distributing value on the global level”.
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