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Enterprise Ethereum Alliance, Chamber of Digital Commerce partner on tokenization efforts

Image: Chamber of Digital Commerce (Via Twitter)

Thu, 12 Dec 2019, 05:36 am UTC

The Chamber of Digital Commerce and the Enterprise Ethereum Alliance (EEA) have entered into a strategic partnership to boost industry advocacy and education efforts around tokenization.

Under the partnership, the Chamber of Digital Commerce will become an EEA Associate–Collaborative Member, while the EEA will become a strategic partner of the Chamber of Digital Commerce.

"Active engagement and collaboration within the blockchain technology community are essential to delivering real-world value through tokenized enterprise solutions," said EEA Executive Director Ron Resnick. "[The Chamber of Digital Commerce’s] public policy expertise will be extremely beneficial to our overall goals of driving open blockchain technology as well as token taxonomy standards efforts."

Headquartered in Washington, D.C, the Chamber of Digital Commerce is a leading trade association representing the digital asset and blockchain industry. Notable members include Accenture, BNY Mellon, Digital Assets, Fidelity Investments, IBM, Overstock.com’s Medici Ventures, Microsoft, PwC, R3, and others.

EEA, on the other hand, was launched in 2017 and is a collaborative cross-industry effort created to advance enterprise blockchain technology. It is focused on developing a set of open-source, standards-based blockchain specifications that can be trusted and utilized globally. It currently has more than 500 members including the likes of Microsoft, Santander, JPMorgan, Accenture, BNY Mellon and many others.

With this partnership, EEA and Chamber will have full access to their respective token-related efforts, enabling collaboration between the Chamber’s Token Alliance and the EEA’s Working Groups and Token Taxonomy Initiative (TTI).

According to a press release, areas of common interest that the Chamber, TTI, and EEA will immediately begin focusing on include token interoperability initiatives and regulatory considerations.

"Any asset, tangible or intangible, can be tokenized, recorded, tracked and traded on a blockchain, enabling many transactions to be faster, cheaper, and more efficient than ever before. However, from standards to public policy, the adoption of digital tokens faces many hurdles that must first be addressed," said Chamber of Digital Commerce Founder and President Perianne Boring. "We look forward to working with the technical experts at the EEA to further support our efforts on behalf of the blockchain industry."

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