Chamber of Digital Commerce Welcomes IBM

A major blockchain industry trade association has landed a new member: tech titan IBM.

Based in Washington, D.C., The Chamber of Digital Commerce’s mission is to work with policy makers and regulators to promote the acceptance of digital currencies, digital assets, and blockchain based technologies. With the addition of IBM to its Executive Committee leadership, the Chamber will benefit from one of the most extensive blockchain practices in the world.

IBM has already launched blockchain-based services for the financial sector, government, and healthcare industry. The company is an investor in blockchain startup Digital Asset Holdings, as well as a member of the Linux Foundation’s Hyperledger Project. As part of this venture, IBM has delivered more than 44,000 lines of code to help developers easily build distributed ledgers that can be used to exchange value. Moreover, the firm recently completed a blockchain project for French bank Crédit Mutuel Arkéa that enables compliance with Know Your Customer (KYC) requirements, and just last week, opened a Bluemix Garage in New York City to spur further blockchain development.

According to Jerry Cuomo, IBM’s Vice President of Blockchain Technologies,

It is critical from a national competiveness point of view for US companies and government agencies to lead the world in understanding the potential of blockchain and putting it to use. Blockchain will greatly benefit from government participation and we are pleased to join the Chamber of Digital Commerce to support engagement with the policy making community.”

IBM joins Microsoft, The United Services Automobile Association (USAA), The Depository Trust & Clearing Corporation (DTCC), Bloq, and Symbiont as a member of the Chamber’s Executive Committee.

 

Read more here- “IBM Joins Washington DC Blockchain Lobby – Chamber of Digital Commerce,” (Avi Mizrahi, Finance Magnates)

 

 

 

 

 

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