Chamber of Digital Commerce and Hyperledger Launch Strategic Advocacy and Education Partnership

November 29, 2016 by Chamber

Newsroom

Chamber of Digital Commerce and Hyperledger Launch Strategic Advocacy and Education Partnership

WASHINGTON, D.C. and SAN FRANCISCO, C.A. – November 29, 2016 – The Chamber of Digital Commerce, the world’s largest trade association representing the blockchain industry, and Hyperledger Project, a collaborative cross-industry effort created to advance blockchain technology, today announce a strategic partnership to strengthen industry advocacy and education efforts.

Leveraging the Chamber’s public policy expertise and Hyperledger’s technology expertise, both market leading organizations will further promote the understanding, acceptance and use of digital assets and blockchain-based technologies.

Areas of common interest that the Chamber and Hyperledger will immediately begin focusing on, include public policy efforts, intellectual property issues, and global regulatory and technical interoperability.

“Active engagement and collaboration between government authorities and the open source blockchain technology community is essential to realizing the potential of these new platforms and tools,” said Brian Behlendorf, executive director of the Hyperledger Project. “I am pleased to welcome the Chamber of Digital Commerce to the Hyperledger Project. The policy expertise they bring will be extremely beneficial to our overall goals of driving open blockchain technology efforts forward.”

“A pro-growth perspective towards regulation and industry standards are some of the biggest challenges the open source community faces,” said Perianne Boring, founder and president of the Chamber of Digital Commerce. “We are excited to work with the technical experts and open source community at the Hyperledger Project to further support our efforts on behalf of the blockchain industry.”

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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 Smart Contracts Alliance, the Blockchain Alliance, the Global Blockchain Forum and many other key industry initiatives. For more information, please visit DigitalChamber.org or follow us on Twitter: @ChamberDigital.

About Hyperledger Project
The Hyperledger project is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a
global collaboration including leaders in finance, banking, Internet of Things, supply chains, manufacturing and Technology. The
Linux Foundation hosts Hyperledger as a Collaborative Project under the foundation. To learn more, visit: www.hyperledger.org

Chamber Media Contact:
Erin Tye
Erin@paragonpr.com
+1.646.558.6226

Hyperledger Media Contact:
Jessica Rampen
Jrampen@linuxfoundation.org
+1.650.787.3548

Smart Contracts Symposium Draws Financial Services and Blockchain Leaders to Inaugural Event

November 28, 2016 by Chamber

Newsroom

Smart Contracts Symposium Draws Financial Services and Blockchain Leaders to Inaugural Event

Exclusive Announcements Planned, Smart Contracts Whitepaper to be Unveiled

NEW YORK, N.Y. – November 28, 2016 – The Smart Contracts Symposium, the industry’s first event fully dedicated to smart contract technologies, is being held on December 5, 2016 at the Microsof Technology Center in Times Square, New York. Presented by the Smart Contracts Alliance, an industry initiative of the Chamber of Digital Commerce to promote the understanding and acceptance of blockchain and smart contract technologies.

The Smart Contracts Symposium will bring together more than 250 of the world’s leading financial institutions, legal experts, blockchain technologists and innovators to explore and discuss the adoption of smart contract technologies; as well as a series of exclusive industry announcements and product launches.

Notably, the Smart Contracts Symposium will feature the exclusive debut of Ivy, Chain’s new language for smart contracts. Chain recently released Chain Core Developer Edition, a free and open-source version of its enterprise blockchain platform. Ivy, a domain-specific language designed to write smart contracts for that platform, will be presented to the public for the first time at the Smart Contracts Symposium.

The Smart Contracts Symposium will also feature an exclusive announcement by Microsoft. Attendees will be the first to learn about a new Microsoft project at the cross section of their enterprise initiatives and technology that aligns with their worldwide humanitarian mission.

“Microsoft is honored to host the world’s first Smart Contracts Symposium. Blockchain and smart contracts will transform the next decade of automation and operational efficiency as much or more than the Internet transformed business operations the prior 20 years,” said Yorke Rhodes, Blockchain & Identity Strategist at Microsoft.

Attendees will also be the first to receive access to the Smart Contracts Alliance’s new whitepaper. The whitepaper will feature use case studies on a range of topics, including accounting, real estate, insurance, trade and finance, healthcare and more – from leading companies and innovators in their respective industries.

“Our members have come together to help shape the way smart contracts are understood, developed and adopted,” said Perianne Boring, founder and president of the Chamber of Digital Commerce. “Attendees will have exclusive access to news and innovations from industry leaders, the opportunity to discuss real world use cases, and network with potential partners and clients.”

The title sponsor of the event is Deloitte, one of the world’s leading professional service firms. Event sponsors also include Bloq, Chain, IBM, Microsoft, Perkins Coie and Symbiont.

Smart contracts pioneer Nick Szabo is keynoting the event, with featured speakers from Smart Contracts Alliance co-chairs Norton Rose Fulbright and Symbiont; as well as Bloq, Commodity Futures Trading Commission, Chain, ConsenSys, Deloitte, the Financial Industry Regulatory Authority, IBM, Microsoft and Perkins Coie.

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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 Smart Contracts Alliance, the Blockchain Alliance, the 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:
Erin Tye
Erin@paragonpr.com
+1.646.558.6226

Chamber of Digital Commerce to Host World’s First Smarts Contracts Symposium

October 24, 2016 by Chamber

Newsroom

Chamber of Digital Commerce to Host World’s First Smarts Contracts Symposium

Industry Pioneer Nick Szabo to Keynote Event

October 24, 2016 – Washington, D.C. – The Smart Contracts Alliance, an industry initiative founded by the Chamber of Digital Commerce to promote the real-world application of smart contracts, is hosting the Smart Contracts Symposium, the world’s first event dedicated to smart contracts, on December 5, 2016 in New York.

Nick Szabo, Founder & CEO of Global Financial Access, a renowned cryptographer who coined the term “smart contracts” will be keynoting the event.

“The Chamber of Digital Commerce is spearheading an important initiative to help educate the business and policy community about the unique opportunities and challenges of smart contracts technologies,” said Nick Szabo.

The Chamber expects to host over 250 executives from financial institutions and firms exploring this technology at Microsoft’s Times Square Headquarters.

“Attendees will have unprecedented insight into the past, present and future of smart contracts technology,” said Perianne Boring, Founder & President of the Chamber of Digital Commerce.

Co-Chaired by Mark Smith, CEO of Symbiont, and Sean Murphy, Partner at Norton Rose Fulbright, the Smart Contracts Alliance is comprised of thought leaders and innovators from the technology, legal, and financial services industries.

The Smart Contracts Alliance launched in July 2016, and its participants include: Blake, Cassles & Graydon, Bloq, Cognizant, ConsenSys, Deloitte, The Depository Trust & Clearing Corporation, Monax (formerly Eris Industries), Georgetown University’s Center for Financial Markets and Policy, Gem, IBM, Microsoft, MIT Internet Trust Consortium, Norton Rose Fulbright, Perkins Coie, Pillsbury Law, String Labs, Symbiont, Tether, t0.com and Wipfli.

To attend the event, please visit our page on Eventbrite: https://www.eventbrite.com/e/smart-contracts-symposium-tickets-28820373513

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About the Chamber of Digital Commerce

Chamber Media Contact:
Erin Tye
Paragon Public Relations
Erin@paragonpr.com
+1.646.558.6226

DCU Becomes First Credit Union to Join Chamber of Digital Commerce

October 17, 2016 by Chamber

Newsroom

DCU Becomes First Credit Union to Join Chamber of Digital Commerce

Washington, D.C. and Marlborough, Massachusetts (October 17, 2016) — Digital Federal Credit Union (DCU) has joined the Chamber of Digital Commerce, the world’s leading trade association representing the blockchain industry.

Its membership reflects DCU’s reputation as an early adopter of technology, which it earned as one of the first credit unions to launch a website in 1995, introduce the ability for members to remotely deposit checks in 2008, and be one of the first financial institutions to implement mobile banking applications in 2010.

“We believe distributed ledger technology has the potential to make a positive impact for credit unions and their members,” said Jim Regan, President and CEO of DCU. “Our membership to the Chamber will help us provide convenient, cost effective banking options.”

With over 500,000 members in all 50 states, DCU is one of the 20 largest credit unions, as measured by asset size, in the U.S., and the largest in New England.

“We’re thrilled to welcome DCU as the first credit union in the Chamber of Digital Commerce,” said Perianne Boring, Founder and President of the Chamber of Digital Commerce. “We’re preparing for a wave of distributed ledger technology uptake among financial institutions worldwide, and we commend DCU taking the first step in realizing the transformative potential of blockchain technology, and the importance of collaboration.”

The Chamber of Digital Commerce represents the world’s leading innovators, operators and investors in the digital asset and blockchain technology ecosystem, including start-ups, software companies, global IT consultancies, financial institutions and investment firms. Membership is open to all those committed to supporting and growing this thriving community.

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About DCU
DCU is a not-for-profit financial cooperative serving over 500,000 members
across all 50 states by offering a full range of financial services to consumers and businesses
including banking, lending, financial wealth management, insurance, and realty products. For
more information, please visit: www.dcu.org, or follow them @DCUcreditunion on Twitter.

Chamber Media Contact:
Erin Tye
Paragon Public Relations
Erin@paragonpr.com
+1.646.558.6226

DCU Media Contact:
John LaHair
Marketing Manager
jlahair@dcu.org
+1508.263.6887

Blockchain Innovation Center Opens in Washington, DC

September 27, 2016 by Chamber

Newsroom

Blockchain Innovation Center Opens in
Washington, DC

Washington, DC – September 27, 2016 — The Chamber of Digital Commerce and technology incubator 1776 have partnered to launch the DC Blockchain Center to serve as Washington, DC’s entrepreneurial resource for technology providers and governments investing and innovating in blockchain-based technologies.

The DC Blockchain Center at 1776 is the first blockchain incubator in Washington, DC. It’s focused on helping regulators and government agencies, including state, federal and international, understand the potential benefits of blockchain technology and public sector use cases, and to provide a forum for the public and private sectors to collaborate.

“We strongly believe that one of the most effective forms of advocacy is for the government to utilize and implement blockchain technology, and to experience the benefits first hand,” says Perianne Boring, Founder and President of the Chamber of Digital Commerce.

The DC Blockchain Center has already received requests from government agencies looking for blockchain technology resources, and anticipates further inquiries around issues like cybersecurity, identity management and asset registry.

“FinTech is a challenging space for governments and their constituents,” said Evan Burnfield, Co-Founder & Co-CEO of 1776. “We’re thrilled to welcome the DC Blockchain Center and its community of innovators to 1776. It’s uniquely positioned to connect the dots for government agencies and drive massive scale success through our connections, resources and mentoring programs.”

This incubator is one of many efforts being undertaken at 1776 to foster innovation around financial technology.

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About 1776
1776 is a public benefit corporation that scouts and funds high-growth startups around the world focused on solving society’s most fundamental challenges in sectors like education, energy, transportation and financial services. Launched by co-CEOs Donna Harris and Evan Burfield and headquartered in Washington, D.C., with additional campuses in Dubai and San Francisco, 1776 serves
hundreds of startups and institutions worldwide through its innovation curriculum, mentorship, investment and programming. It hosts more than 500 international events per year that attract heads of state, Fortune 500 CEOs, influential investors and global press. For more information, please visit www.1776.vc and follow @1776 on Twitter and @1776vc on Instagram.

Chamber Media Contact:
Patrick Sutton
Paragon Public Relations
patrick@paragonpr.co
+1.646.558.6226

Cognizant Joins Chamber of Digital Commerce

September 8, 2016 by Chamber

Newsroom

Cognizant Joins Chamber of Digital Commerce

Global Consulting, Technology and Business Services Leader to Participate in Blockchain Trade Group

Washington, D.C., September 8, 2016 — Cognizant (NASDAQ: CTSH), a leading provider of information technology, consulting, and business process services, has joined the Executive Committee of the Chamber of Digital Commerce. The Chamber is the world’s leading trade association representing the blockchain industry and works closely with policymakers, regulators and industry to develop a pro-growth legal environment that fosters innovation, jobs and investment.

Cognizant is engaged in an array of initiatives to test the potential of blockchain; including the creation of accelerators that design, prototype and test solutions for digital asset issuance and transfer, secure document exchange, digital identity, and many others. Earlier this year, Cognizant announced its work with Mizuho Financial Group to develop a blockchain solution for secure record keeping of documents across the Group’s global companies.

“Blockchain technology is poised to change the face of the banking and financial services industry, providing the opportunity to create new digital business models, streamline business processes, and modernize existing IT systems,” said Prasad Chintamaneni, President, Global Industries and Consulting at Cognizant. “Cognizant was one of the early movers in the blockchain space and we continue to significantly invest in our capabilities to develop enterprise-ready solutions to help clients navigate this shift and become digital enterprises. We’re excited to be working with the Chamber of Digital Commerce to further the adoption and progression of blockchain technology and accelerate its implementation across industries.”

“Cognizant is yet another example of an established industry leader realizing the transformative potential of blockchain technology, and the importance of collaboration,” said Perianne Boring, Founder and President of the Chamber. “For blockchain to reach its maximum potential leaders across every industry will need to contribute to the policy efforts to help shape the future of this new and transformative technology.”

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About Cognizant
Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process services, dedicated to helping the world’s leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 100 development and delivery centers worldwide and approximately 244,300 employees as of June 30, 2016, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at https://www.cognizant.com or follow us on Twitter: Cognizant.

Chamber Media Contact:
Patrick Sutton
Paragon Public Relations
Patrick@paragonpr.com
+1.646.558.6226

Chamber Submits Industry Comments to European Securities and Markets Authority

September 2, 2016 by Chamber

Newsroom

Chamber Submits Industry Comments to European Securities and Markets Authority

Washington, D.C. September 2, 2016 –The Chamber of Digital Commerce has submitted comments to the European Securities and Markets Authority (“ESMA”), in response to its discussion paper titled “The Distributed Ledger Technology Applied to Securities Markets,” in which it asks market participants various questions regarding distributed ledger technology (“DLT”) in the securities markets.

ESMA is an independent European authority that was established to protect investors and promote stable and orderly financial markets. ESMA is developing EU-wide Technical Standards that will become the framework for any anticipated regulations.

Given the impact regulation applied to DLT in the EU will have on the development of DLT at a global level, the Chamber submitted comprehensive comments to ESMA. Over a dozen Chamber member companies provided input and interviews for the Chamber’s comments, which were prepared with guidance from Kari Larsen, counsel at Reed Smith LLP.

“Blockchain technology has the potential to significantly improve many business processes within the global securities market,” said Perianne Boring, Founder and President of the Chamber of Digital Commerce. “Regulators should not be too quick to act individually to respond with prescriptive legislation that could stifle innovation.”

Instead the Chamber urges ESMA to coordinate efforts with other regulators to understand the new technology, and develop international standards and best practices as the technology matures. With global standards in place, national regulators will have a basis to develop local legislation and legal treatment.

The Chamber also raised industry-wide concerns about the EU’s data privacy regulations. The General Data Protection Regulation (GDPR)’s “right of access” and the “right to be forgotten,” for example, may impact the deployment of permission-less DLT networks. Regulatory flexibility that enables differing methods of compliance will be critical for the uptake of blockchain technology in the EU.

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About the Chamber of Digital Commerce

Chamber Media Contact:
Erin Tye
Paragon Public Relations
Erin@paragonpr.com
+1.646.558.6226

Chamber of Digital Commerce Launches Smart Contracts Alliance

July 28, 2016 by Chamber

Newsroom

Chamber of Digital Commerce Launches Smart Contracts Alliance

Establishes consortium of leaders in technology, legal and financial services to accelerate the understanding and adoption of smart contracts

Washington, D.C. (July 28, 2016) — The Chamber of Digital Commerce has launched the Smart Contracts Alliance (SCA), an industry initiative of leaders in the smart contracts ecosystem to promote the real-world application of this vital technology. Smart contracts have the potential to deliver greater efficiency, transparency and automation across industries. The SCA’s mandate is to 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.

Co-chaired by Mark Smith, CEO of Symbiont, and Sean Murphy, Partner at Norton Rose Fulbright, the SCA comprises thought leaders and innovators from the technology, legal, and financial industries. The founding participants include: Bitfinex, Blake, Cassles & Graydon, Bloq, Cognizant, ConsenSys, Deloitte, The Depository Trust & Clearing Corporation, Eris Industries, Georgetown University’s Center for Financial Markets and Policy, Gem, IBM, Microsoft, Norton Rose Fulbright, Perkins Coie, Pillsbury Law, String Labs, Symbiont, Tether, t0.com and Wipfli.

“As a pioneer of smart contract technology, Symbiont’s end goal has always been realworld implementation,” said Mark Smith, Technology Chair of the Smart Contracts Alliance. “This initiative will be key in bridging the gap between concept and reality, and making smart contracts accessible across the board.”

“With real-world applications of any major advance in technology like smart contracts, regulation and policy play a pivotal role,” said Sean Murphy, Legal Chair of the Smart Contracts Alliance. “I’m excited to bring Norton Rose Fulbright’s experience in distributed ledger technology to the Smart Contracts Alliance, and help foster the right legal environment for smart contacts to flourish.”

“Smart contracts have the potential to change the landscape of modern business,” said Perianne Boring, Founder & 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.”

The SCA’s first event, focusing on policy implications and the legal and regulatory challenges of smart contracts going forward, will take place in fall 2016.

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About the Chamber of Digital Commerce

Chamber Media Contact:
Erin Tye
Paragon Public Relations
Erin@paragonpr.com
+1.646.558.6226

North Carolina Leaps Forward with Blockchain-friendly Bill

July 7, 2016 by Chamber

Newsroom

North Carolina Leaps Forward with Blockchain-friendly Bill

State, Chamber of Digital Commerce Makes History with
Comprehensive Money Transmitter Act

Raleigh, N.C., Thursday, July 7, 2016 – Governor Pat McCrory has signed House Bill 289 into law, marking a historical moment for States’ regulation of blockchain technology and virtual currencies. The ratification of the bill, also known as the North Carolina Money Transmitter Act, comes after 16 months of deliberations between the North Carolina Commissioner of Banks, the General Assembly and the Chamber of Digital Commerce.

The Act updates the state’s existing laws to include a defined “virtual currency” term, and clarification as to which activity using virtual currency triggers licensure under the Act. This will ensure that virtual currency miners and blockchain software providers including smart contracts platforms, colored coins, smart property, multi-signature software, and non-hosted, non-custodial wallets will not require a license.

“Decentralized cryptocurrencies represent a significant development in financial services, but, because of the uniqueness of the technology powering them, also pose challenges to regulators, lawmakers and law enforcement officials evaluating how to integrate them into the existing legal fabric,” says Dax Hansen, Partner at Perkins Coie LLP and Chair of the Chamber’s State Working Group. “North Carolina should be commended for investing the requisite time to understand decentralized cryptocurrencies and thoughtfully address them in the updated Money Transmission Act.”

The result is a more business-friendly approach that invites companies seeking to use virtual currencies or the underlying technologies, like blockchains or distributed ledgers, to bring their businesses to North Carolina. This starkly contrasts New York’s separate licensing regime, and provides a firm direction and sensible alternative for other states exploring the best approach to regulation.

“It’s been a long journey, however the benefits for both business and consumers in North Carolina won’t take nearly as long to surface,” said Perianne Boring, Founder and President of the Chamber of Digital Commerce. “North Carolina anticipated key issues, and developed a reasonable solution to address each concern. This has paved the way for other states to realize and embrace the incredible potential of these technologies.”

The Chamber is working in collaboration with several other states, the Uniform Law Commission and the Conference of State Supervisors as they develop their own approaches to virtual currencies and blockchain technology.

“North Carolina’s updated Money Transmission Act is important to the industry because it underscores that state’s commitment to understanding emerging technology and implementing thoughtful activity-based regulation of certain business models using such technologies,” said Carla L. Reyes, a Bruce R. Jacobs Visiting Assistant Professor of Law at Stetson University College of Law. “Such careful consideration of the issues and the technology by regulators and legislatures is important for protecting the dual public policy interests of industry innovation and consumer protection.”

North Carolina’s MTA was a keystone initiative of the Chamber’s State Working Group, which is comprised of over 20 member companies and six leading law firms.

The Chamber would like to thank the significant contributions of Joseph Cutler of Perkins Coie, Dax Hansen of Perkins Coie (chair of the State Working Group), Amy Kim of Buckley Sandler, Arika Pierce of Gide, Carla Reyes of Stetson University College of Law and Dan Spuller of Cryptolina.

“We applaud the North Carolina Commissioner of Banks for their thoughtful engagement and approach towards making this bill a reality,” said Perianne Boring.

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About the Chamber of Digital Commerce

Chamber Media Contact:
Patrick Sutton
Paragon Public Relations
Patrick@paragonpr.com
+1.646.558.6226

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Chamber of Digital Commerce Names DTCC’s Mark Wetjen to Board of Advisors

June 29, 2016 by Chamber

Newsroom

Chamber of Digital Commerce Names DTCC’s Mark Wetjen to Board of Advisors

Market Infrastructure Technology Provider Also Joins Chamber’s Executive Committee

Washington, D.C., June 29, 2016 — Today the Chamber of Digital Commerce (“Chamber”) announces the appointment of Mark Wetjen of The Depository Trust & Clearing Corporation (“DTCC”) to its Board of Advisors. In addition, DTCC has joined the Chamber’s Executive Committee. Mr. Wetjen currently serves as the Head of Global Public Policy at the DTCC, the world’s leading post-trade market infrastructure for the global financial services industry, processing nearly $1.5 quadrillion worth of securities transactions in 2015. Prior to DTCC, Mr. Wetjen served as Commissioner at the U.S. Commodity and Futures Trading Commission (CFTC).

“New technologies are creating tremendous opportunities to connect economies around the world, make markets safer and more efficient and deliver services to consumers in novel ways. In particular, distributed ledger technology offers the industry a unique opportunity to drive targeted improvements to the financial market infrastructures that underpin the global capital market,” said Mark Wetjen. “I am pleased to join the Chamber and look forward to collaborating with the industry around fintech and blockchain strategies, which will be important to any future re-architecting of the posttrade environment.”

DTCC has a focused blockchain strategy to ensure the firm capitalizes on distributed ledger opportunities in a measured, appropriate, safe and secure manner. DTCC has made significant advancements with a number of internal business use cases and is currently working on several proof of concepts with the industry, including initiatives related to repurchase agreements (repos) and credit default swaps (CDS).

“We are excited to have Mark bring his vast experience and knowledge of financial markets and technology to our association and the Board of Advisors. Mark and the Board will help to shape the next chapter of financial services technology,” said Perianne Boring, Founder and President of the Chamber.

The Chamber represents the world’s leading innovators, operators and investors in the digital asset and blockchain technology ecosystem, including start-ups, software companies, global IT consultancies, financial institutions and investment firms. Membership is open to all those committed to supporting and growing this thriving community.

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About the Chamber of Digital Commerce

Chamber Media Contact:
Erin Tye
Paragon Public Relations
Erin@paragonpr.com
+1.646.558.6226