The Chamber of Digital Commerce Requests US Government to Craft Blockchain Action Plan
Chamber of Digital Commerce has gone ahead to call on the US government to ensure it has implemented a national action plan that can be used for the blockchain technology.
In a statement made by Perianne Boring, who is the President and the Founder of the chamber, together with Amy Davine Kim who is the Chief Policy Officer of the Chamber went ahead to state that the blockchain technology is able to offer several benefits.
But despite the transformational benefits that the blockchain technology and digital assets have been able to offer governments, businesses together with the consumers, then the US government needs to take the necessary steps to embrace a comprehensive and national strategy that can be used in the blockchain technology.
They went on to say that the innovators within the market have started to move to different jurisdictions that are embracing the benefits of the blockchain technology and have also gone ahead to focus on the creation of frameworks that are conducive to the furthering of the blockchain technologies and innovations.
A few remarks to take note of
“It’s time the United States take notice of this growing trend and commit to developing its own frameworks to incentivize the development of blockchain solutions for government and industry,” they said.
“This call for action extends beyond the US Congress to the Administration to ensure that we realize the commercial and economic benefit of this technology. The US Government needs to indicate its support, both in words and in action, for the development of blockchain solutions.”
It is clear that the US needs to take the necessary steps in investing in the blockchain technology because if they do not do so, they will risk falling behind to the other blockchain friendly countries within the market, this is according to Kim and Boring.
“Major industrialized nations are making significant advances in promoting and adopting this technology, making a hard run to be the leaders, and obtain the economic value, of this industry,” the two proponents said. “We must state, clearly and plainly, at the highest levels of government, that blockchain technology offers important progress for business, government, and consumers, and must be nurtured and proactively supported to ensure its success.”
The two also went ahead to note that with the use of the blockchain technology it will offer several benefits when it comes to progress this is to the consumers, business and the government at large, thus, it is important if this technology is adequately natured.
They also went on to state that the US government had taken the initiative to set up a roadmap that will be able to facilitate the growth that is taking place within the commerce, this was done like two decades ago. This kind of initiative from the government is what we need to see happening within the blockchain technology.
In the previous year, the Chamber of Digital Commerce together with its Token Alliance went ahead to set up a published set of guidelines that can be used in shaping the responsible growth that is taking place within the initial offering and the security token within the market.
The Token Alliance is an initiative that has been developed with more than 350 token and blockchain experts who are spread across the globe. Thus you are assured they developed a useful document for the market.
They also ensured to include the regulatory overview, but this was for select jurisdiction the one that has a robust ICO sector, guidelines, and principles used for utility tokens. They also went ahead to do a token overview of the economic landscape surrounding the tokens.