The Chamber of Digital Commerce, a Washington DC based trade association representing the digital asset and blockchain industry with policymakers and regulators, announced the addition of tech giant IBM (NYSE: IBM) to its Executive Committee membership.
The lobby group benefits from this move as IBM has one of the most robust blockchain practices in the world. It launched secured blockchain services for financial services, government and healthcare, it is an investor in blockchain startup Digital Asset Holdings, and it is a member of the Linux Foundation’s Hyperledger Project. It also recently created an operational permissioned blockchain network that enables compliance with Know Your Customer (KYC) requirements with France’s Crédit Mutuel Arkéa.
“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,” said Jerry Cuomo, Vice President of Blockchain Technologies at IBM.
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“By joining the Chamber of Digital Commerce at the highest level as an Executive Committee member, IBM is demonstrating a strong commitment to supporting thoughtful education and engagement with policy stakeholders,” said Perianne Boring, founder and President of the Chamber.
The Chamber of Digital Commerce recently appointed former CFTC Commissioner and current Head of Global Public Policy at the DTCC Mark Wetjen to its Board of Advisors.