Blockchain trade bodies launch tie ups

Yesterday the Chamber of Digital Commerce announced that the Blockchain Association of Canada (BAC) would become the Chamber of Digital Commerce Canada. Additionally, the Wall Street Blockchain Alliance partnered with the R3 enterprise blockchain platform.

The right response from legislators

The Chamber has been active in encouraging appropriate government responses to blockchain. For example, in some cases, there have been well intended States in the U.S. that have proposed legislation to recognize smart contracts. However, smart contracts are just one application of electronic signature legislation. Hence they don’t need separate laws, and creating additional legislation adds unnecessary complexity and uncertainty. The Chamber’s legal committee comprised of more than 30 law firms helps to drive the agenda. The trade association which has more than 200 corporate members, recently published a document entitled the “Legislator’s toolkit for blockchain technology“. A 30+ strong executive committee leads a membership that’s a mix of high profile startups, significant consultancies and Fortune 500 companies.

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