Financial Services Firm IHS Markit Joins Chamber of Digital Commerce

Announcements | April 28, 2017 By:

Financial services firm IHS Markit announced that it has joined the Chamber of Digital Commerce to promote acceptance and use of blockchain technology.

The Chamber of Digital Commerce is a Washington, DC-based trade association representing the blockchain industry. Its mission is to promote the acceptance and use of digital assets and blockchain-based technologies. Through education, advocacy, and working closely with policymakers, regulatory agencies and industry, the Chamber’s goal is to develop a pro-growth legal environment that fosters innovation, jobs and investment.

London-based IHS Markit provides information and analysis to support the decision-making process of businesses and governments in industries such as aerospace, defense and security; automotive; chemical; energy; maritime and trade; and technology.

According to the official release, IHS Markit will work with other firms to support legislative and regulatory efforts for blockchain or distributed ledger technology (DLT) in the financial markets. IHS Markit can provide expertise on the complex requirements of OTC derivatives, trade confirmation and lifecycle management, data governance and technology infrastructure to the Chamber.

“We see opportunities to use DLT to help our clients reduce operational risk and cost, use collateral more efficiently and fundamentally change the risk profile of complex financial products,” said IHS Markit vice president Jeff Billingham. “We are pleased to support the Chamber in advocating for policies that help realize these goals while fostering higher levels of trust in global financial infrastructure through technology innovation.”

“The deep industry expertise that IHS Markit offers will be key in furthering the Chamber’s advocacy and education initiatives and securing the future of distributed ledger technology,” said Chamber of Digital Commerce founder and president Perianne Boring. “We are thrilled to welcome IHS Markit to the Chamber’s membership.”