IBM joins Washington Blockchain Digital Chamber

Rage Review : IBM has joined the Chamber of Digital Commerce, a Washington-based organization dedicated to helping reshape the regulatory framework of the blockchain industry. IBM has been paying close attention to emerging blockchain technologies and wants to use blockchain technology to develop products suitable for enterprises. The Chamber of Digital Commerce maintains close contact with policymakers and regulators to create a legal environment suitable for the development and innovation of the blockchain field.

Translation: Nicole

IBM has joined the Chamber of Digital Commerce, a Washington-based organization working to help reshape the regulatory landscape for the blockchain industry.

IBM has been paying close attention to emerging blockchain technology and wants to develop products suitable for enterprises using blockchain technology. Jerry Cuomo, vice president of IBM blockchain technology, said in a press conference on Thursday that if the government is involved, it can greatly enhance the company's adoption of blockchain technology.

Jerry Cuomo

He said:

“From an international competition perspective, the role of U.S. companies and government agencies is critical, as they can lead the world in better understanding the potential of blockchain technology and applying it to the real world.”

The Chamber of Digital Commerce was founded in 2014 and is composed of blockchain startups, software companies, IT consulting firms, financial institutions and investment companies. It maintains close contact with policymakers and regulators and aims to create a legal environment suitable for the development and innovation of the blockchain field.

IBM is working with Digital Asset Holdings and the Linux Foundation to develop open source blockchain-based software that financial services players can use to build their own blockchain applications. The Open Ledger Project is supported by the following organizations/companies/projects:

PMorgan Chase, Wells Fargo, State Street, ANZ Bank, Swift, R3, Cisco, Accenture, Hyperledger, Intel, London Stock Exchange Group,

Mitsubishi UFJ Financial Group, IC3 and VMware.