The Chamber of Digital Commerce , a trade association dedicated to promoting the understanding, acceptance and use of digital assets and blockchain technology, has announced the launch of the Smart Contracts Alliance (SCA), an industry initiative to promote the real-world application of smart contracts, educate and enhance the understanding and adoption of smart contracts, provide a forum to develop industry standards and help shape a pro-growth policy framework.
“This initiative will be key in bridging the gap between concept and reality, and making smart contracts accessible across the board,” said co-chairman Mark Smith.
“With real-world applications of any major advance in technology like smart contracts, regulation and policy play a pivotal role,” added Co-Chairman, Sean Murphy, who is convinced that the Alliance will help foster the right legal environment for smart contacts to flourish.
The SCA, which in fall 2016 will hold its first event focusing on policy implications and the legal and regulatory challenges of smart contracts, wants to to be an authoritative resource and shape how smart contracts are understood, developed and adopted by integrating the contributions of thought leaders and innovators in the technology, legal and financial services industries. The Alliance’s mission includes educating business decision-makers and consumers and shaping relevant policy.
“Smart contracts have the potential to change the landscape of modern business,” said Perianne Boring , founder and president of the Chamber of Digital Commerce. “The Smart Contracts Alliance is another facet in the Chamber’s growing repertoire of industry initiatives to accelerate the growth of blockchain technology.”
Bitcoin Magazine reached out to Boring, a former congressional adviser, financial services journalist and thought leader in the digital currency industry, to find out more about how smart contracts could change the landscape of modern business, as well as the short-term applications of smart contracts, the long-term vision of the Alliance […]
