Phil Hogan, who served the European Commissioner for Trade for less than a year, will be joining the advisory board for the Astra protocol.
In a Tuesday announcement, Astra said Hogan would be coming onto its board as an executive advisor, citing his experience in the European Commission and international relations. The project said the addition of the former EU trade commissioner would provide strategic guidance in partnerships aimed at driving growth to the decentralized finance industry.
“Decentralised finance is becoming increasingly prominent across the world, but the lack of robust, legal protection has hindered progress within major institutions,” said Hogan.
Astra claims to provide a legal assurance layer for public blockchains aimed at eliminating fraud and resolving disputes between users. According to the project, it seemingly acts as a medium between two parties, both of which must agree to establish a smart contract on Ethereum, Polkadot, Cardano, and others. Should there be any dispute, Astra can step in to “quickly