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Tuesday, September 28, 2021
Home News Chamber of Digital Commerce Launches Smart Contracts Alliance

Chamber of Digital Commerce Launches Smart Contracts Alliance

The Chamber of Digital Commerce has launched the Smart Contracts Alliance (SCA), an industry initiative of leaders in the smart contracts ecosystem to promote the real-world application of this vital technology.

“As a pioneer of smart contract technology, Symbiont’s end goal has always been real- world implementation,” said Mark Smith, Technology Chair of the Smart Contracts Alliance.
“This initiative will be key in bridging the gap between concept and reality, and making smart contracts accessible across the board.”

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.

Co-chaired by Mark Smith, CEO of Symbiont, and Sean Murphy, Partner at Norton Rose Fulbright, the SCA comprises thought leaders and innovators from the technology, legal, and financial industries.

“With real-world applications of any major advance in technology like smart contracts, regulation and policy play a pivotal role,” said Sean Murphy, Legal Chair of the Smart Contracts Alliance. “I’m excited to bring Norton Rose Fulbright’s experience in distributed ledger technology to the Smart Contracts Alliance, and help foster the right legal environment for smart contacts to flourish.”

The founding participants include: 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, Norton Rose Fulbright, Perkins Coie, Pillsbury Law, String, Symbiont, Tether, t0.com and Wipfli.

“Smart contracts have the potential to change the landscape of modern business,” said Perianne Boring, Founder & President of the Chamber of Digital Commerce. “The Smart Contracts Alliance is another facet in the Chamber’s growing repertoire of industry initiatives to accelerate the growth of blockchain technology.”

The SCA’s first event, focusing on policy implications and the legal and regulatory challenges of smart contracts going forward, will take place in fall 2016.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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