Token Alliance – Chamber of Digital Commerce For ICO Standards?
The Chamber of Digital Commerce is a large trade association who represents the digital assets and blockchain industry.
The chamber consists of a number of leading innovators, operators and investors in the digital asset and blockchain technology community. That also includes start-ups, software companies, global IT consultants, financial institutions investment and law firms. All those who are committed to support and grow this community can become members of the chamber.
The mission is simple but important – they want to promote the acceptance and the use of digital assets and blockchain based technologies. This can be achieved through education, advocacy and by working closely with lawmakers, and regulators. The goal for the chamber of digital commerce is to develop an environment that promotes innovation, jobs, and investment in the blockchain ecosystem.
About The Token Alliance
All initiatives and working groups that are members of The Chamber of Digital Commerce need to show priorities that are relevant to the blockchain ecosystem. Members are invited to collaborate together, even initiate new platforms for industry collaboration. We want to take a closer look at one of their members, the Token Alliance.
This member of the Chamber of Digital Commerce is one of the key partners for the fast developing industry surrounding the issuance of tokens using blockchain. Initial Coin Offerings, or ICO’s, are an important and powerful tool for young companies and startups seeking public funding.
Only in 2017, there have been more than 100 token sales raising over $1.5 billion. The Token Alliance wants to develop community-driven best practices and standards so token offerings can in the future happen responsible and informed.
The following objectives are most important for the Token Alliance:
- Education – Educate and engage policymakers and the public.
- Best Practices – Develop industry best practices, frameworks and standards.
- Resources – Provide key market data and analysis.
- Policy – Help shape balance legal frameworks that drive innovation and investment.
The initial members of the Token Alliance consists 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.
Token Alliance Verdict
The Token Alliance and the Chamber of Digital Commerce are working closely with the blockchain community to help recommend legal frameworks that can help drive innovation and promote investment, at the same time helping to protect market participants.
The Token Alliance is open to participants from across the industry that have an expertise in blockchain technology. If you might be interested in participating, the Chamber of Digital commerce is open and encourages you to contact them.