The Chamber of Digital commerce, a trade association comprised of industry leading companies representing the digital assets and blockchain sector, unveiled a new initiative called Smart Contract Alliance (SCA).
The project aims to promote real world applications of this new “vital technology”, as the press release says:
Smart contracts have the potential to deliver greater efficiency, transparency and automation across industries. The SCA’s mandate is to educate and enhance the understanding and adoption of smart contracts, provide a forum to develop industry standards and help shape a pro-growth policy framework.
Another objective of this new Smart Contract Alliance is to promote the education and to improve the current understanding of smart contract technology; thus accelerating its adoption in the real world.
The Smart Contract Alliance Will Have A Technology and Legal Chair
The press release indicates that Mark Smith, CEO of Symbiont will lead the technology working group dedicated to exploring and promote Smart Contract applications. Mark Smith stated:
“As a pioneer of smart contract technology, Symbiont’s end goal has always been realworld implementation. This initiative will be key in bridging the gap between concept and reality, and making smart contracts accessible across the board.
Sean Murphy, a partner at Norton Rose Fullbright, will lead the legal department. About this new initiative, Murphy said:
With real-world applications of any major advance in technology like smart contracts, regulation and policy play a pivotal role.
The Smart Contract Alliance will seek to educate companies and politicians alike about the benefits of this technology.
The SCA will be formed by a wide variety of companies, including: Symbiont, Norton Rose Fulbright, Bitfinex, Blake, Cassles Graydon, Bloq, Cognizant, ConsenSys, Deloitte, The Depository Trust Clearing Corporation, Eris Industries, Georgetown University’s Center for Financial Markets and Policy, Gem, IBM, Microsoft, Perkins Coie, Ley Pillsbury, String Labs, Tether, t0.com y Wipfli.
Source: Digital Chamber of Commerce.
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