On Tuesday, the Chamber of Digital Commerce announced it formed a partnership with technology incubator, 1776, to open the Blockchain Innovation Center in Washington, D.C. The organizations revealed that the center would serve as the city’s entrepreneurial resource for technology providers and governments investing and innovating in blockchain-based technologies.
The Blockchain Innovation Center is noted to be the first blockchain incubator in Washington, D.C. and its primary focus is to help regulator and government agencies understand the potential benefits of blockchain technology. Perianne Boring, founder and president of the Chamber of Digital Commerce, stated:
“We strongly believe that one of the most effective forms of advocacy is for the government to utilize and implement blockchain technology, and to experience the benefits first hand.”
The Chamber of Digital Commerce and 1776 reported that the Blockchain Center has already received requests from agencies and anticipates further inquiries around issues such as cybersecurity, identity management, and asset registry. Evan Burnfield, co-founder and co-CEO of 1776, explained:
“Fintech is a challenging space for governments and their constituents. We’re thrilled to welcome the DC Blockchain Center and its community of innovators to 1776. It’s uniquely positioned to connect the dots for government agencies and drive massive scale success through our connections, resources, and mentoring programs.”
1776 added the Blockchain Center is one of its efforts to foster innovation around financial technology.