Blockchain Education Non-Profit Created by Chamber of Digital Commercebr>
The Chamber of Digital Commerce has created an affiliate organization that is focused on developing creative solutions to the most pressing issues facing the blockchain industry.
The Chamber of Digital Commerce is an advocacy group that promotes the emerging industry behind blockchain technology, bitcoin, digital currency and digital assets. Headquartered in Washington, DC, the Chamber was founded in July 2014 by Perianne Boring. In October 2014, the chamber received 501(c)(6) non-profit status from the Internal Revenue Service.
Its new affiliate, The Foundation, will sponsor and support research and educational activities to promote the acceptance and use of digital assets and blockchain technologies. It claims it has been established to help solve some of the issues in the space including inter-operability, scaleability, and adoption.
The Foundation is a 501(c)(3) nonprofit charitable organization. It is not allowed to engage in lobbying activities and was specifically formed to help accommodate the funding for research. The Foundation is approved to collect charitable contributions. Such donations may be deducted, as set forth in the Internal Revenue Code, as a charitable contribution from the donor’s federal income tax.
Donations to The Foundation will be used to support the following initiatives: research and support of open source innovation, education of the workforce, and communications to the public. The new organization is now seeking partnerships and faculty across the technology, legal, advisory, and other sectors.
“The Chamber of Digital Commerce has made incredible progress over the past three and a half years in working with industry and the policy community,” said Boring, its founder and president. “However, we still have much work to do to reach mass adoption.”