IBM Joins Washington DC Blockchain Lobby - Chamber of Digital Commerce

The Chamber of Digital Commerce, a Washington DC based trade association representing the digital asset and Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term industry with policymakers and regulators, announced the addition of tech giant IBM (NYSE: IBM) to its Executive Committee membership.

The lobby group benefits from this move as IBM has one of the most robust blockchain practices in the world. It launched secured blockchain services for financial services, government and healthcare, it is an investor in blockchain Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term Digital Asset Holdings, and it is a member of the Linux Foundation’s Hyperledger Project. It also recently created an operational permissioned blockchain network that enables compliance with Know Your Customer (KYC) requirements with France’s Crédit Mutuel Arkéa.

“It is critical from a national competiveness point of view for US companies and government agencies to lead the world in understanding the potential of blockchain and putting it to use. Blockchain will greatly benefit from government participation and we are pleased to join the Chamber of Digital Commerce to support engagement with the policy making community,” said Jerry Cuomo, Vice President of Blockchain Technologies at IBM.

"By joining the Chamber of Digital Commerce at the highest level as an Executive Committee member, IBM is demonstrating a strong commitment to supporting thoughtful education and engagement with policy stakeholders,” said Perianne Boring, founder and President of the Chamber.

The Chamber of Digital Commerce recently appointed former CFTC Commissioner and current Head of Global Public Policy at the DTCC Mark Wetjen to its Board of Advisors.