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The Australian Digital Currency Association (ADCA) and Blockchain Australia (BA) – the two leading groups aiming to promote blockchain technology – have officially signed their merger agreement on July 22.
The merger, approved by the boards of both ADCA and Blockchain Australia, will help create “a stronger, united voice advocating for the blockchain community in Australia,” Nicholas Giurietto, CEO & Managing Director at Blockchain Australia, said.
The official signing ceremony was hosted by SSX and witnessed by Directors and members from both organizations. The merged organization has taken on the name “Blockchain Australia” and a new logo.
“Bringing the two organisations together will allow the whole Australian blockchain community to speak more clearly and consistently to key stakeholders including governments and regulators and will strengthen the connections between all parts of the Australian blockchain ecosystem,” Giurietto said.
Immediate steps to follow the acquisition include combining their website and newsletters. The merged organization would soon introduce “better ways for businesses in the blockchain space to connect with the many passionate and skilled individuals along with an enhanced offering of meet-ups and education services.”
ADCA Chairman Ron Tucker has been appointed as the Chair of the Board of the newly merged Blockchain Australia, while Blockchain Australia Chairman Adam Poulton has been appointed as the Deputy Chain. Nicholas Giurietto, CEO and Managing Director at ADCA, will now serve as the CEO and Managing Director the merged entity.
The merger has reportedly also received support from the government of Australia. The assistant minister for Superannuation, Financial Services and Financial Technology, the Hon. Senator Jane Hume said (as quoted by CoinDesk):
“I’m absolutely delighted to see that ADCA and BA have decided to merge, having a consistent and united voice advocating for the responsible adoption of blockchain technology. We need to recognize the potential for Australian blockchain businesses to tap into the demand that’s deriving from Asia’s growing middle class.”
