Digital
Currency Group (DCG) has launched its fourth subsidiary, DCG Connect, a
membership-based organisation dedicated to helping enterprises accelerate from
blockchain exploration to production. DCG Connect enlists a group of founding
corporate members including IBM, Amazon Web Services (AWS), CME Group, Foxconn,
Mastercard, New York Life, Prudential, and Transamerica.
DCG
Connect will accelerate the deployment of blockchain technology across
industries, and develop tools to help enterprise adopters successfully navigate
the universe of blockchain service providers, said a statement
Its
founding corporate members include a diverse group of global organisations that
are building and deploying blockchain applications for use at scale along with
dozens of blockchain and bitcoin startup members, who can join and leverage
this ecosystem free of charge.
The
DCG Connect ecosystem aims to be a focal point for facilitating collaboration
and scaling of blockchain businesses. DCG Connect will work with companies to
build blueprints for how platforms, products, and technologies can fit together
to create enterprise-ready solutions for deployment. Blockchain technology is a
rapidly evolving medium for global connectivity and requires new models for
collaboration around the many emerging products and services.
Digital Currency Group was founded by Bitcoin enthusiast Barry
Silbert, who has steered the company to invest in over 100 blockchain startups,
many of which provide critical infrastructure and cryptocurrency adoption
around the planet. DCG also acquired Coindesk last year and oversees the
Consensus and Construct industry meetups.
DCG Connect and its members will work together to identify and
engage with startup companies and their products, and to collaborate on driving
business models that sustain enterprise ready blockchain technology, as well as
support open source blockchain frameworks such as Hyperledger Fabric, one of
the five Hyperledger projects hosted by The Linux Foundation.
Marie Wieck, general manager, IBM Blockchain, said: "We
believe DCG's commitment to the ecosystem of companies founding Hyperledger
Fabric networks is a huge validation of the technology. We're excited to see so
many startups and enterprises moving to build on Hyperledger Fabric, and it
makes sense to work with DCG to reach and serve this community better."
In addition, AWS will deepen its collaboration with DCG to spur
innovation and facilitate frictionless deployment of blockchain solutions to
address real-world business challenges. Startups participating in DCG Connect
include Chain, Gem, Filament, Bloq, Skuchain, Tierion, Netki, AlphaPoint,
BigchainDB, and BlockCypher.
DCG's Director of Development, Meltem Demirors, who is leading
this new subsidiary, said: "After two years working with bitcoin and
blockchain companies and corporate leaders, we identified that a significant
issue hindering the widespread, global adoption of blockchain is the inability
to quickly connect with the right combination of partners for testing and
deployment of the technology to address real-world business challenges."
DCG
Connect is also engaging with global stakeholders, including academic
institutions, governments, regulators, and other industry bodies who will be
critical to driving and supporting ecosystem growth. Corporate membership in
DCG Connect will be capped at 20 members in its first year.
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