As further testament to a maturing industry, BitPay has joined the Chamber of Digital Commerce as an executive member. The Washington D.C. based company considers itself “the world's leading trade association” that represents the digital asset and blockchain industry, and is founded by Perianne Boring. BitPay joins industry members Civic and DocuSign among others as new members of CDC.
Neighbors to Coinbase, San Franciscan Civic is a blockchain secure identity management app. DocuSign, another San Francisco neighbor, has been implementing decentralized technology in many of its current service offerings. The company joined forces with Visa in 2015, experimenting with a public smart contract prototype.
DocuSign is also an Enterprise Ethereum Alliance member and has made decentralized technology a baseline enterprise offering. In June 2018, the company also publicized its integration with Ethereum’s blockchain.
Several Blockchain Stars Make Industry Body Grow
In a recent tweet, BitPay confirmed its membership of “the blockchain industry's largest trade organization, @DigitalChamber.” BitPay has headquarters in Atlanta, Georgia, and was established in 2011. Noting that it is one of the oldest cryptocurrency companies, BitPay’s CEO Stephen Pair said that the company’s goal was to bring blockchain to enterprise, especially facilitating cross-border transacting. He added that, as CDC members, BitPay would be supporting all efforts to “promote acceptance of cryptocurrency benefits to businesses globally.”
— BitPay (@BitPay) July 17, 2018
Fellow member Civic is looking at the intricate realities of personal identification, while DocuSign is all about authentication. DocuSign general counsel, Reggie Davis, spoke of the company’s years of experience in navigating legislative as well as user issues in the arena. He said that the company was looking forward to joining a formalized movement in the blockchain arena.
Two other notable new members are SALT and Nexus. SALT is the acronym for Secured Automated Lending Technology, and Nexus is the company rolling out dapps married to Vector’s Galactic Sky satellite network.
A Growing Chamber Of Digital Commerce
The Chamber of Digital Commerce has established various initiatives forwarded by members, including a Token Alliance that seeks to set ICO standards, a Smart Contracts Alliance that “promotes real-world application of smart contracts,” and even a Blockchain Intellectual Property Council. The council will seek to balance proprietary information protection with the blockchain ethos and extensive open-source development.
A Global Blockchain Forum as well as a State Working Group is part of the CDC’s current drive. While New York and San Francisco are typically seen as the blockchain centers of America, the CDC will be making blockchain a Washington impetus, through its DC Blockchain Center.
The chamber also hosts the Blockchain Alliance, a public-private forum that seeks to engage all interested parties within the blockchain community. The Alliance is particularly focused on liaison with law enforcement, in order to play a role in thwarting cyber crime.
“We’re pleased to welcome the new member companies to the Chamber,” Boring said, pointing to the sterling attributes of the new additions. She said that the joining companies were all innovators in their own right, and are busy “reimagining financial services and redefining the way consumers and businesses participate in the emerging blockchain-based economy.”