Friday , November 27 2020

Blockchain Association merges with Chamber of Digital Commerce

Canada's largest blockchain trade association, the Chamber of Digital Commerce, is united with the Blockchain Association of Canada (BAC), which will now go to the Chamber of Digital Commerce Canada. The merger was announced in a press release published on the Chamber of Digital Commerce website on February 5.

BAC's director and policy strategist, Tanya Woods, will act as CEO of the Chamber of Digital Commerce Canada. Woods has previously worked for the Canadian government, BCE, Nintendo and Microsoft. Woods said in the press release:

"Canada's block leaders and governments would like to see a strong and coordinated blockchain ecosystem that is clear and capable of effectively collaborating with politicians to ensure Canada's industry will thrive."

Don Tapscott, President of the Blockchain Research Institute, said Canada is "well-positioned" to become a global leader in the blockchain industry. He added that "it is critical for Canada to have a common community driving blockchain adoption …"

The Chamber of Digital Commerce was established in July 2014 and consists of 200 companies looking to invest in blockchain technology. Notable members include Microsoft, Overstock, IBM and Bitpay.

In October 2018, Cointelegraph reported that the Canada Border Services Agency (CBSA) agreed to try a blockchain shipping solution created by IBM. A block chain implemented system would allegedly allow automation of distribution and trading processes, in addition to reducing costs and margin of error.

Canada has become a leading nation in the crypto and blockchain space due to its favorable regulatory system, low energy costs, innovation and high internet speed.

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