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Microsoft joins Digital Chamber of Commerce, a blockchain policy group

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Published onMay 2, 2016

published onMay 2, 2016

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Established in mid-2014, the non-profit Chamber of Digital Commerce group has been pushing for for fair regulation and oversight for companies working on bitcoin or blockchain applications. More famously, though, the group recently became the one of the founding organizations behindthe Blockchain Alliance, a public-private forum aimed at promoting cooperation between industry stakeholders and government agencies. So, after making their venture into the Bitcoin world,and partnering with R3to advance Bitcoin blockchain technology, Microsofthas now joinedthe Chambers of Digital Commerce.

The Redmond giant joins USAA, Bloq, and Symbiont in the Executive Committee of the Chamber of Digital Commerce. Along with the other companies, though, Microsoft will be contributing $50,000 in financial support to the Chamber. In an interviewpublished on Coindesk,Perianee Boring, a former Forbes columnist and Capitol Hill staffer, said that firms like USAA and Microsoft – which by nature of their business models regularly interact with government regulators – are bringing a relevant expertise to the table.

In another statement also published on Coindesk, Marely Gray, who is the leader of Microsoft’s blockchain business development and strategy efforts, said,

We firmly believe industry collaborations are critical to bringing distributed ledger technology to market.”

Microsoft joining in on the Chamber of Digital Commerce is no doubt a very interesting move, and is a step forward into bringing regulation into thesometimes troublingworld of Bitcoin. We would love to hear your thoughts on this move by Microsoft, so be sure to drop us a comment below.

Radu Tyrsina

Radu Tyrsina has been a Windows fan ever since he got his first PC, a Pentium III (a monster at that time).

For most of the kids of his age, the Internet was an amazing way to play and communicate with others, but he was deeply impressed by the flow of information and how easily you can find anything on the web.

Prior to founding Windows Report, this particular curiosity about digital content enabled him to grow a number of sites that helped hundreds of millions reach faster the answer they’re looking for.

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