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Blockchain Association of Canada Merges with Chamber of Digital Commerce

Blockchain Association of Canada Merges with Chamber of Digital Commerce

The Chamber of Digital Commerce, Canada’s largest blockchain trade association, has decided to join hands with the Blockchain Association of Canada (BAC). The new organization will be named as the Chamber of Digital Commerce Canada. An official press release on the website of the Chamber of Digital Commerce confirmed the news of this partnership.

Tanya Woods, executive director and policy strategist of the BAC, will serve as the managing director of this new association. Woods has experience of working with Microsoft, BCE, the Canadian government and Nintendo. She stated in the press release that a strong and coordinated blockchain ecosystem is desired by the Canadian government and blockchain leaders. Such a system should facilitate a collaborative environment and ensure the progress of blockchain technology in Canada.

Executive chairman of the Blockchain Research Institute, Don Tapscott, expressed his views by saying that Canada had the potential to become a world leader in the crypto sector. He believed it essential for Canada to have a united blockchain community.

Established in July 2014, the Chamber of Digital Commerce comprises of 200 companies. These companies include tech-giants like Microsoft, Bitpay, IBM and Overstock. These companies are now looking to invest in blockchain technology.

Recently, in October 2018, reports came out that a blockchain shipping solution developed by IBM would be used by the Canada Border Services Agency (CBSA) on a trial basis. The blockchain-based system is expected to bring cost effectiveness, fewer errors and automation of distribution and trade processes.

Owing to its favorable regulations, low energy costs, innovation and high-speed internet, Canada is poised to become a global leader in the crypto sector.

 

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