Digital Currency Group Starts DCG Connect

Announcements, FinTech, Investing, News | May 23, 2017 By:

Digital Currency Group (DCG) has launched its fourth subsidiary, DCG Connect.

Founded by bitcoin enthusiast Barry Silber, Digital Currency Group is a venture capital company focusing on the digital currency market. DGC has invested in over 100 blockchain startups. DCG also acquired Coindesk last year and oversees the Consensus and Construct industry meetups.

DCG Connect is a membership-based organization dedicated to helping enterprises accelerate from blockchain exploration to production, with a group of founding corporate members including IBM, Amazon Web Services (AWS), CME Group, Foxconn, Mastercard, New York Life, Prudential, Transamerica, CIBC, Chain, Gem, Filament, Bloq, Skuchain, Tierion, Netki, AlphaPoint, BigchainDB, and BlockCypher. Corporate membership will be capped at 20 members in its first year.

The new group 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.

The group will accelerate the deployment of blockchain technology across industries, and develop tools to help enterprise adopters successfully navigate the universe of blockchain service providers. 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, according to DCG.

DCG Connect will work with its partners to identify and engage with blockchain companies and their products, and to collaborate on driving business models that extend the use of enterprise ready blockchain technology. In addition, DCG Connect will support open source blockchain frameworks such as Hyperledger Fabric, one of the five Hyperledger projects hosted by The Linux Foundation.

“We believe DCG’s commitment to the ecosystem of companies founding Hyperledger Fabric networks is a huge validation of the technology,” said IBM Blockchain general manager Marie Wieck. “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.”

“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,” said DCG director of development Meltem Demirors.