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EMURGO, the official commercial arm of the Cardano project, has joined the Chamber of Digital Commerce, a trade association representing the digital asset and blockchain industry, as part of its Executive Committee.
Registered in Tokyo, Japan since June 2017 and in Singapore since May 2018, EMURGO is affiliated and works closely with IOHK to promote the adoption of the Cardano blockchain. It works to add value to ADA holders by building, investing in, and advising projects or organizations that adopt Cardano's decentralized blockchain ecosystem.
Launched in 2014, the chamber currently represents over 200 multinational corporations, enterprises and startups that are actively exploring and investing in blockchain technology. It works towards facilitating dialogues with global regulators and policymakers to shape pro-growth blockchain-related policies.
As an Executive Committee member of the Chamber, EMURGO will participate in the chamber's expert working groups and policy initiatives.
"EMURGO is proud to be part of the Chamber which brings together the best minds in blockchain and finance to advocate for real blockchain adoption at the government and large enterprise levels by creating industry standards for best practices regarding the implementation of blockchain-based solutions," said Manmeet Singh, CFO & CIO of EMURGO.
In its press release, EMURGO said that a key factor to drive the adoption of Cardano and blockchain as a whole is to build trust between players in a blockchain ecosystem to facilitate interoperability and adopt suitable standards that stakeholders can uphold.
“EMURGO's entry into the Chamber is intended to address these issues by directly engaging with regulators to help form effective blockchain-related policies, build resources, and highlight the values of the Cardano protocol,” it added.
In February, the chamber released its proposed National Plan for Blockchain. Perianne Boring, founder and president, Chamber of Digital Commerce, said at the time that the plan was part of the chamber’s ongoing advocacy work and its efforts to promote the acceptance and use of digital assets and blockchain-based technologies.
