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Spanish leading banks, BBVA and Banco Santander have joined the E.U. International Association for Trusted Blockchain Applications (IATBA), according to the report of local news media Expansion.

As it was stated in a report, the representatives of two Spanish leading banks were invited to an E.U. blockchain roundtable held in Brussels by Mariya Gabriel, the commissioner for Digital Economy and Society, and Roberto Viola, director of the E.U. Department of Communications Networks, Content and Technology.

IATBA is an initiative promoted by the European Blockchain Partnership — a collaboration of 27 E.U. countries such as UK, France, Germany, Sweden, Ireland, and the Netherlands.

The main aim of the European Blockchain Partnership is to develop and implement a special European Blockchain Services Infrastructure that will support the delivery of cross-border digital public services, with the highest standards of security and privacy.

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