The DigitalBits ecosystem welcomed a new benefactor in the form of the XDB Foundation, a non-profit organization dedicated to providing support for DigitalBits. The main objectives of the XDB Foundation include the DigitalBits Ecosystem Support Program, supplying both financial and non-financial assistance to qualified entities and projects within the DigitalBits community, with a focus towards innovation and speeding ecosystem growth.
Michael Gord, MLG Blockchain and GDA Capital founder, has been appointed to the role of Managing Director of the XDB Foundation. “I am excited to see the launch of the XDB Foundation and to be joining the DigitalBits ecosystem in this new capacity,” says Gord. “In the coming weeks, the XDB Foundation will share additional updates regarding its key initiatives. Over the past 2 years, we have seen DigitalBits achieve various milestones and with this next chapter I’m excited to see the XDB Foundation contribute as the new project lead supporting education, research and development, and ecosystem growth and adoption.”
Michael Gord’s first initiatives within blockchain started with establishing the McGill Students’ Cryptocurrency Club, McGill Students’ Fintech Association, Bitcoin Canada and providing leadership on the global expansion of the Blockchain Education Network. Notably, he is also a key contributor to the Kerala Blockchain Academy, one of the largest innovation hubs for blockchain technology worldwide.
Under Michael’s leadership, GDA and its affiliates have operated with Fortune 500 companies, such as Toronto Dominion Bank, as well as governments in North America, the Caribbean, Africa and Asia. Michael has participated in some of the world’s largest blockchain ecosystems, including TRX, LRC, and ONT. Gord has fronted initiatives such as Canada’s Next Top Blockchain Exec, the global Blockchain Gauntlet startup competition, global hackathon events such as the Borderless Block Party, and the build-out of global industry ambassador networks.
Foundation Governance and Initiatives
The XDB Foundation will establish a set of committees focused on the supervision of: research and development, ecosystem growth and adoption, education and governance. The Foundation’s central objectives include supporting innovation and implementation of the DigitalBits blockchain, shaping commercial standards and requests for technical development, expanding the DigitalBits Community through a diverse regional strategy, providing accountability and sustainability practices, and facilitating partnerships and ecosystem development.
The DigitalBits Project
The DigitalBits Project is an open-source project that developed the DigitalBits blockchain protocol and a secure, low-cost global transaction network, and tools. This blockchain protocol and network layer support various use cases including consumer digital assets, specifically branded currencies.
The DigitalBits Project, since its founding in 2017 and launching of the DigitalBits blockchain in March 2018, has seen a large array of support from an ecosystem of top-level partners, including developers, other blockchain projects, exchanges and enterprise partners. As the new project lead for the DigitalBits Project, the XDB Foundation will also leverage these building blocks to support the next stage of commercial integrations and brand adoption. The Foundation will provide a framework to help ensure longevity, integrity, and effective collaboration between the Foundation, the DigitalBits Project and a hallmark of commercial companies.
As Q2 approaches its end, the DigitalBits Project is planning its roadmap updates under the oversight of the XDB Foundation. A new category – Brand Integration – has been included in the DigitalBits Roadmap to share updates from the robust ecosystem partners that will leverage the DigitalBits blockchain for their unique solutions.
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