Microsoft Joins Blockchain-Focused Chamber of Digital Commerce

By May 13, 2016Bitcoin Business

Microsoft has joined the Chamber of Digital Commerce. What difference would this bring to blockchain adoption?

Recently Microsoft has announced that it has joined the Chamber of Digital Commerce, a trade association focused on promoting distributed ledger technology.

What difference would this bring to blockchain adoption? Chamber of Digital Commerce

The Chamber of Digital Commerce (CDC) is the world’s largest trade association representing the digital asset and blockchain industry.

CDC’s mission is to promote the acceptance of blockchain technology through education, advocacy and working closely with regulators and industry. It was founded by Perianne Boring , who was previously a Forbes contributor and who began her career as a legislative analyst in the US House of Representatives. Microsoft goes Blockchain

Microsoft offers blockchain as a service through Azure , its cloud-based platform for businesses.

In April 2016, Microsoft entered into a partnership with R3, a consortium of more than 40 banks looking at distributed ledger technologies. R3 will have access to Azure as well as dedicated resources from Microsoft.

Several new partners have joined Microsoft in its blockchain ecosystem – Jambucks, Bitswift, Storj, Vcash, Gamecredits, etc. Why lobbying matters Engaging with regulators in shaping policy is important, especially in the field of emerging technologies like blockchain.It is important to put forward the industry’s point of view and ensure that laws/regulations do not stifle innovation. Marley Gray , Director of Microsoft, says: “The Digital Chamber provides a vital and needed voice as regulatory frameworks develop. By bringing together companies at the forefront of the industry to share their experiences and plans, the Digital Chamber will help provide input into important public debates about the uses of distributed ledger technology and how to enable it to flourish while protecting the public.” With several reputed companies like Chain, Digital Currency Group, Xapo, Overstock and Ripple being part […]

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