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Chamber of Digital Commerce Welcomes New Executive Committee Members

HCM Capital of Foxconn Technology Group, KPMG, New Alchemy and R3

Washington, D.C., December 12, 2017 — The Chamber of Digital Commerce, the world’s leading blockchain trade association, announces the addition of global technology and advisory firms to its Executive Committee membership. The Chamber oversees a number of industry initiatives, including the Token Alliance, Smart Contracts Alliance, Blockchain Intellectual Property Council and the Digital Assets Accounting Consortium.

“The blockchain ecosystem is experiencing massive growth. In just the past three months the market capitalization of the industry has increased more than 125 percent,” said Perianne Boring, founder and president, Chamber of Digital Commerce. “We’re pleased to welcome these new members to the Chamber, whose participation further demonstrates the wide-ranging spectrum of benefits blockchain technology offers society.”

Statements from New Members

HCM Capital of Foxconn Technology Group
“Blockchain technology has the potential to bring powerful and transformative automation tools to manufacturing supply chains, whether it be consumer electronics or automotive industries,” said Jack Lee, founding managing partner, HCM Capital and Special Assistant to Group CFO of Foxconn Technology Group. “We look forward to leveraging the Chamber’s unified voice as we seek to promote the efficiencies and other benefits of blockchain to our clients and customers around the globe.”

New Alchemy
“Blockchain and tokenization promises a more open world – one where a broad set of asset classes are accessible globally, to computers and humans,” said Peter Vessenes, managing director, New Alchemy, a leading advisory group in the blockchain and tokenization industry.

“We are pleased to join the Chamber of Digital Commerce which is serving a critical role in educating policymakers about the benefits of blockchain.” Vesseness is also serving as Special Technology Advisor to the Token Alliance.

KPMG
“Blockchain technology offers financial services companies the ability to streamline operations, create greater security and transparency, and has the potential to offer a lasting positive impact to an organization’s bottom line. We’re pleased to be on the forefront of this dramatic shift, and look forward to collaborating with Chamber members to help accelerate the adoption of blockchain-enabled technologies,” said Eamonn Maguire, KPMG’s Global lead for Digital Ledger Services, KPMG.

R3
“Working closely with policy makers and regulators is critical for the overall success of the industry at large,” said David E. Rutter, CEO, R3. “We are pleased to join the Chamber of Digital Commerce as we work together to build a new operating system for financial markets based on distributed ledger technology.”

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About the Chamber of Digital Commerce
Headquartered in Washington, D.C., the Chamber of Digital Commerce is the world’s largest trade association representing the digital asset and blockchain industry. For more information, please visit: DigitalChamber.org.

Chamber Media Contact
Marie Knowles
+1-202-422-2589
marie@digitalchamber.org

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Newsroom

U.S. Department of Commerce and Chamber of Digital Commerce Lead U.S. Business Delegation to Singapore FinTech Festival

SINGAPORE, November 16, 2017 – The U.S. Department of Commerce Commercial Service, together with the Chamber of Digital Commerce, are leading the U.S. Business Delegation to the second edition of the Singapore FinTech Festival, taking place November 13–17, 2017.

The delegation includes more than 25 FinTech and blockchain representatives from U.S.-based companies and Chamber of Digital Commerce members, including: Bloq, Cisco, CMT Digital, Colorado Blockchain Capital, Microsoft, Netki, Vertex, and others.

The Festival is organized by the Monetary Authority of Singapore with more than 25,000 attendees from over 100 countries. The mission includes a comprehensive program to promote and support U.S. FinTech and blockchain business in the ASEAN region, including access to regional investors, private briefings from ASEAN regulators and special networking events.

“It was an honor to inaugurate the U.S. Pavilion for the U.S. Business Delegation to the Singapore FinTech Festival and to welcome so many U.S. companies to the event,” Stephanie Syptak-Ramnath, Chargé d’Affaires, ad interim, U.S. Embassy Singapore. “The United States continues to be a leader in the areas of financial technology and digital economy, and we are further strengthened through partnerships in Singapore and throughout the ASEAN region.”

“We are honored to lead America’s blockchain innovators to the Singapore FinTech Festival,” Perianne Boring, founder and president, Chamber of Digital Commerce. “Singapore is a global FinTech hub with regulatory and industry alignment, and serves as a model for other governments to watch and emulate.”

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About the Chamber of Digital Commerce
Headquartered in Washington, D.C., the Chamber of Digital Commerce is the world’s largest trade association representing the digital asset and blockchain industry. For more information, please visit: DigitalChamber.org.

Chamber Media Contact
Marie Knowles
+1-202-422-2589
marie@digitalchamber.org

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Newsroom

Chamber Of Digital Commerce and U.S. Department of Commerce Lead the First Blockchain Certified Trade Mission to the United Arab Emirates

Washington, DC, October 3, 2017 – The Chamber of Digital Commerce, together with the U.S. Department of Commerce (DOC), are leading the first blockchain certified trade mission to the United Arab Emirates (UAE), on October 1 through October 5, 2017.

The blockchain trade mission will include a delegation of members of Chamber of Digital Commerce with representatives from Bloq, Cisco, CMT Digital, Cognizant, Gem, Hogan Lovells and Netki. A key part of the mission will be focused on increasing US-based companies’ presence in the UAE to help collaborate in implementing the “Dubai Blockchain Strategy,” a vision to make Dubai the first blockchain-powered government in the world by 2020.

“This mission comes at an exciting time,” said U.S. Ambassador to the UAE Barbara A. Leaf.  “Leading U.S. financial technology providers are here to share the latest in blockchain technology developments with UAE banks, investment firms, and government agencies to ensure the integrity of financial transactions.  U.S. financial technology firms are uniquely poised to assist Dubai’s vision of becoming one of the world’s first governments to use this technology.”

“The UAE represents a progressive view in blockchain adoption, and serves as a great example for other governments around the world,” said Perianne Boring, founder and president, Chamber of Digital Commerce. “We look forward to creating new business opportunities and partnerships, thereby advancing global adoption of blockchain technology.”

The blockchain trade mission is a week-long event in the UAE, custom curated by the Chamber of Digital Commerce with support from the DOC and the Embassy of the UAE. The trade mission will include a series of private meetings, briefings and engagements with government officials and UAE-based businesses to promote the growth of US-business and blockchain in the UAE.

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About the Chamber of Digital Commerce
Headquartered in Washington, D.C., the Chamber of Digital Commerce is the world’s largest trade association representing the digital asset and blockchain industry. For more information, please visit: DigitalChamber.org.

Chamber Media Contact
Marie Knowles
+1-202-422-2589
marie@digitalchamber.org

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Newsroom

Blockchain Industry and Regulatory Leaders Launch Token Alliance

Chamber of Digital Commerce Develops New Initiative to Promote Best Practices for Burgeoning ICO Ecosystem

Washington, D.C., September 18, 2017 – The Chamber of Digital Commerce is pleased to announce the Token Alliance, an industry-led initiative to educate, promote and help shape the responsible growth of token and digital asset issuances. The Token Alliance is co-chaired by former Chairman of the U.S. Commodity Futures Trading Commission, Dr. Jim Newsome, and former U.S. Securities and Exchange Commissioner, Paul Atkins.

Token sales or Initial Coin Offerings (“ICOs”) can be a powerful tool for startups and businesses seeking funding through a crowdsale. In 2017 alone, more than 100 token sales raised over $1.5 billion. However, regulatory uncertainty and compliance continues to be a challenge for the industry. The Token Alliance will work with the community to recommend legal frameworks that drive innovation and promote investment, balanced with protections for market participants.

“With the SEC’s recent findings regarding ICOs, combined with the CFTC’s determinations and enforcement, it is clear that proactive industry efforts are imperative and timely,” said Jim Newsome, Founding Partner of Delta Strategy Group and former Chairman of the CFTC. “I look forward to helping shape the dialogue and enable this innovative technology to progress for the benefit of industry and consumers.”

Paul Atkins, CEO of Patomak Global Partners and former SEC Commissioner said, “The Token Alliance will serve a much needed role in helping the industry establish for itself appropriate guidance for this new and exciting asset class. I’m thrilled to be a part of this initiative and bring my service as a former securities regulator to help foster this ecosystem.”

The initial participants of the Token Alliance is comprised of more than 70 organizations including: Alluminate, AlphaPoint, Bankcoin Global, Blake Cassels & Graydon, Bloq, CMT Digital, Cognizant, Cooley, Crowell & Moring, Elliptic, Gem, Hashed Health, Loyyal, Microsoft, Netki, Node40, Parsons & Whittemore, Perkins Coie, Polsinelli, Qtum, Reed Smith, Rimon Law, Rivetz, Steptoe & Johnson, t0 and Tally Capital.

“As with all new technologies, it is important to set appropriate guidelines to curb potential abuse, while protecting innovation,” said Perianne Boring, Founder and President, Chamber of Digital Commerce. “We look forward to working with our members to continue to promote and advocate for the power of the blockchain.”

The Token Alliance is open to participants from across technology, legal, advisory and other sectors, with an expertise in blockchain technology. Companies interested in learning more and participating are encouraged to contact the Chamber of Digital Commerce at: policy@digitalchamber.org.

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About the Chamber of Digital Commerce
Headquartered in Washington, D.C., the Chamber of Digital Commerce is the world’s largest trade association representing the digital asset and blockchain industry. For more information, please visit: DigitalChamber.org.

Chamber Media Contact
Marie Knowles
+1-202-422-2589
marie@digitalchamber.org

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Newsroom

Fairfax County EDA becomes first local organization to join fast-growing Chamber of Digital Commerce

FCEDA embraces blockchain technology through global trade group

Fairfax County, Virginia, Aug. 15, 2017 – The Fairfax County Economic Development Authority (FCEDA) has joined forces with the Chamber of Digital Commerce, making FCEDA the first local member of the Chamber.

The Chamber of Digital Commerce is the world’s leading trade association representing the digital asset and blockchain industry. The Chamber’s mission is to promote the acceptance and use of digital assets and blockchain-based technologies. Through education, advocacy, and working with policymakers, regulatory agencies and industry, its goal is to develop a pro-growth legal environment that fosters innovation, job growth and investment.

“Fairfax County is home to innovative financial institutions and many other businesses that are changing the ways the world works,” said Gerald L. Gordon, Ph.D., president and CEO of the FCEDA. “We are excited to partner with the Chamber of Digital Commerce to work with those companies and showcase Fairfax County as a community that embraces the future.”

According to Juniper Research, 57 percent of large corporations are actively considering or in the process of deploying blockchain technology, a shared digital ledger that holds an immutable record of transactions. Two-thirds of that 57 percent said they expect to integrate the technology into their systems by the end of 2018.

“The nascent blockchain technology ecosystem is valued at over $120 billion with the potential to grow into a multi-trillion-dollar industry,” said Perianne Boring, founder and president, Chamber of Digital Commerce. “We look forward to working with the FCEDA to assist Fairfax County and the State of Virginia in harnessing  the power of blockchain to create efficiencies, strengthen cybersecurity and ultimately transform business processes across sectors.”

The award-winning FCEDA promotes Fairfax County as one of the world’s best business locations. The FCEDA and the Chamber of Digital Commerce collaboration will include a number of educational resources for local governments and organizations, including a series of blockchain-related events in the near future.

Time magazine called Fairfax County “one of the great economic success stories of our time.” Business growth and innovation helps Fairfax County fund the nation’s top-rated school system and other public services that contribute to the quality of life of residents. Fairfax County offers businesses a state-of-the-art telecommunications infrastructure, access to global markets through Washington Dulles International Airport, a vibrant investment capital community and a highly skilled, well-educated workforce.

The FCEDA offers site location and business development assistance, and connections with county and state government agencies to help companies locate and expand in Fairfax County. In addition to its headquarters in Tysons Corner, Fairfax County’s largest business district, the FCEDA maintains marketing offices in six important global business centers: Bangalore, Berlin, London, Los Angeles, Seoul and Tel Aviv. Follow the FCEDA on Facebook, Twitter and LinkedIn.

About the Chamber of Digital Commerce
The Chamber of Digital Commerce is the world’s leading trade association dedicated to promoting the understanding, acceptance and use of digital assets and blockchain-based technologies. Headquartered in Washington, D.C., the Chamber is the founder of the Blockchain Intellectual Property Council Smart Contracts Alliance, Blockchain Alliance, Global Blockchain Forum and many other key industry initiatives. For more information, please visit DigitalChamber.org or follow us on Twitter: @ChamberDigital.

 

Chamber Media Contact
Marie Knowles
marie@digitalchamber.org
202-422-2589

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Newsroom

Chamber of Digital Commerce Welcomes Cisco as New Executive Committee Member

August 8, 2017 – Washington, D.C. – The Chamber of Digital Commerce is pleased to announce that worldwide technology leader Cisco is joining its Executive Committee. Cisco joins this rapidly growing trade association dedicated to promoting the acceptance and use of digital assets and blockchain technology through education, advocacy, working closely with policymakers, regulatory agencies and industry.

“Cisco has a strong reputation of identifying promising technologies to deliver remarkable innovations to its customers. The company is a leader in security, real-time capabilities and has a track record of building scalable systems,” said Perianne Boring, founder and president of the Chamber. We’re pleased to welcome Cisco to the Chamber and look forward to channeling its expertise as we work to support the blockchain technology ecosystem.”

“We are excited to join the Chamber of Digital Commerce and collaborate with its membership to accelerate this promising technology frontier,” said Anoop Nannra, Head of Blockchain Initiative for Cisco. “To unlock the value of blockchain for public and private sector applications and ensure widespread adoption, we need to collaboratively drive technology standardization, interoperability, and education. There is much work to be done before blockchain truly sees broad-scale adoption, but there are significant opportunities for this transformative technology to drive enterprise value creation.”

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About the Chamber of Digital Commerce
The Chamber of Digital Commerce is the world’s leading trade association dedicated to promoting the understanding, acceptance and use of digital assets and blockchain-based technologies. Headquartered in Washington, D.C., the Chamber is the founder of the Blockchain Intellectual Property Council Smart Contracts Alliance, Blockchain Alliance, Global Blockchain Forum and many other key industry initiatives. For more information, please visit DigitalChamber.org or follow us on Twitter: @ChamberDigital.

 

Chamber Media Contact
Marie Knowles
marie@digitalchamber.org
202-422-2589

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Newsroom

TD Bank Group Joins Chamber of Digital Commerce Executive Committee

Washington, D.C., July 17, 2017 — The Chamber of Digital Commerce, the leading global blockchain trade association, announces that the Toronto-based TD Bank Group (NYSE: TD) has joined the Chamber’s Executive Committee to work together to promote the acceptance and use of digital assets and related technologies with the goal of developing a pro-growth legal environment that fosters innovation, jobs, and investment.

TD had CDN$1.3 trillion in assets as of April 30, 2017, and ranks among the world’s leading online financial services firms with approximately 11.5 million active online and mobile customers.

“There is no denying that there is a tremendous opportunity to apply blockchain technologies in the world of finance, to provide better, more secure and more economical banking services,” said Chris Owen, vice president, Enterprise Shared Platforms, Blockchain at TD. “However, unlocking this potential will take collaboration and we look forward to working with the Chamber and its members to nurture this thriving ecosystem and accelerate the adoption of blockchain technology.”

Chamber Founder and President Perianne Boring said, “We are excited to welcome TD as our first Canadian bank to the Chamber’s Executive Committee. TD thought leadership is greatly valued as we work together to improve the global financial system with blockchain and distributed ledger technology.”

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About TD Bank Group
Headquartered in Toronto, Canada, with more than 80,000 employees in offices around the world, The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group. TD offers a full range of financial products and services to more than 25 million customers worldwide through its Canadian Retail, U.S. Retail, and Wholesale Banking.

About the Chamber of Digital Commerce
The Chamber of Digital Commerce, headquartered in Washington, DC is the world’s largest trade association dedicated representing the digital asset and blockchain industry. For more information, please visit DigitalChamber.org or follow us on Twitter: @ChamberDigital.

 

Chamber Media Contact
Marie Knowles
marie@digitalchamber.org
202-422-2589

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Newsroom

Chamber of Digital Commerce To Host “Congressional Blockchain Education Day” on July 11^th

Microsoft to co-host the initiative with participation from over 60 blockchain companies on Capitol Hill

WASHINGTON, DC – July 10, 2017 – The Chamber of Digital Commerce, the world’s largest trade association representing the blockchain industry, is hosting Congressional Blockchain Education Day this Tuesday. Chamber member companies will spend the day meeting with Members of U.S. Congress, Senators and their staffs to bring awareness to the importance of blockchain technology.

The day will also include a smart contracts briefing at 12:00pm in Rayburn House Office Building 2020 featuring a technology demonstration by Symbiont, the technology partner for the Delaware Blockchain Initiative.

Members of the Congressional Blockchain Caucus will address the national gathering of entrepreneurs at a cocktail reception in the U.S. Capitol Visitors Center Atrium at 5:00pm.

“A growing number of enterprises are experimenting with blockchain as a secure and transparent way to digitally track the ownership of assets, opening new opportunities for cross-organizational collaboration and imaginative new business models,” said Microsoft Principal Program Manager, Blockchain Engineering, Craig Hajduk. “Microsoft’s vision is to help companies thrive in this era of secure multi-party computation, delivering open, scalable platforms and services that any company, from ledger startups to governments, health organizations to global banks, can use to create new value.”

“We are delighted that so many of the Chamber’s members are flying in to Washington, D.C. to meet with and help educate our legislators and their staff on this breakthrough and potentially multi-trillion-dollar technology,” said Chamber of Digital Commerce Founder and President Perianne Boring. “We’re honored that participants will have the opportunity to hear directly from Members of the Congressional Blockchain Caucus.”

Credentialed press is invited to attend the smart contracts briefing and reception. Please contact Marie Knowles to register.

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About the Chamber of Digital Commerce
The Chamber of Digital Commerce, headquartered in Washington, DC is the world’s largest trade association dedicated representing the digital asset and blockchain industry. For more information, please visit DigitalChamber.org or follow us on Twitter: @ChamberDigital.

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Newsroom

BNP Paribas and BNY Mellon Join the Chamber of Digital Commerce

Washington, D.C., June 12, 2017 — The Chamber of Digital Commerce, the leading global blockchain trade association, announces the addition of BNP Paribas and BNY Mellon, two major international banks, to the Chamber’s Executive Committee.

With a presence in over 70 countries, BNP Paribas is one of the largest banks in the world, serving more than 30 million customers. The institution is also globally recognized as an important innovator in distributed ledger technology. In December 2016, it processed and cleared its first real-time blockchain payments.

“Blockchain technology has the potential to change the way banks work. It presents many advantages such as more transparency, traceability and security for our clients. BNP Paribas continues to explore various possibilities with the Blockchain technology and other innovative tools and looks forward to working closely with the Chamber and its members,” said Sadia Halim, Head of Innovation CIB Americas at BNP Paribas.

BNY Mellon is the world’s largest custodian bank with more than $30.5 trillion in assets in custody and over $1.72 trillion in assets under management. The bank has an established history of innovation in blockchain, including the development of BDS 360, a test system which uses blockchain technology to create a backup record of brokerage transactions.

“Blockchain technology is the future of the transactions in the financial industry,” said Alex Batlin, Global Head of Emerging Business & Technology and Global Blockchain Lead
of BNY Mellon. “Active innovation in these early stages is crucial to identifying and creating the most effective and beneficial implementations. BNY Mellon is proud to be a vocal advocate for distributed ledger technology and we look forward to collaborating with the Chamber.”

“BNP Paribas and BNY Mellon’s membership with the Chamber of Digital Commerce underscores the importance of this technology for major banks, and the power of collaboration at the highest levels of the financial industry to accelerate the adoption of blockchain technology,” according to Chamber Founder and President Perianne Boring.

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About the Chamber of Digital Commerce
The Chamber of Digital Commerce is the world’s leading trade association dedicated to promoting the understanding, acceptance and use of digital assets and blockchain technology. Through education, advocacy, and working closely with policymakers, regulatory agencies, and industry, our goal is to develop a pro-growth legal environment that fosters innovation, jobs and investment. Headquartered in Washington, D.C., the Chamber is the founder of the Blockchain Intellectual Property Council, the Smart Contracts Alliance, the Blockchain Alliance, the Global Blockchain Forum and other key industry initiatives. For more information, please visit DigitalChamber.org or follow us on Twitter: @ChamberDigital.

About BNP Paribas
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 190,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of March 31, 2017, BNY Mellon had $30.6 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Chamber Media Contact:
Ralph Benko
ralph@digitialchamber.org
Chamber of Digital Commerce

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