Australian Digital Currency Association And Blockchain Australia Collaborate On A Joint Blockchain-Based Venture

It was announced that two groups in the Asia-Pacific, wanting to promote the blockchain technology have officially merged.

On July 22, the Australian Digital Currency Association (ADCA) and Blockchain Australia (BA)signed a formal testament which will see to it that the two groups combine efforts under the BA logo and brand.

BA is an industry that defines the domestic organizations which participate in the crypto-based economy while ADCA is the industry’s leading network to seek businesses and to implement blockchain solutions.

The release of the group’s new logo, along with the announcement, was held in Sydney at the Annual APAC Blockchain Conference.

The news was further presented by the assistant minister for Superannuation, Financial Services and Technology, the honourable, Senator Jane Hume, who informed about the government support for the integration and future innovations from the Australia-based blockchain community.

“I’m absolutely delighted to see that ADCA and BA have decided to merge, having a consistent and united voice advocating for the responsible adoption of blockchain technology,” Hume toldthe attendees. “We need to recognize the potential for Australian blockchain businesses to tap into the demand that’s deriving from Asia’s growing middle class.”

The official merger was held by the Sydney Stock Exchange (SSX) in presence of the director and members from both the organisations.

CEO and managing director of BA, Nick Giurietto,told CoinDesk:

“Bringing the two organizations together will allow the whole Australian blockchain community to speak more clearly and consistently to key stakeholders including governments and regulators and will strengthen the connections between all parts of the Australian blockchain ecosystem.”

“The merger of our two organizations creates a stronger and more united voice,” Adam Poulton, director on the newly formed organization’s board added.

Those participating in the development of the new organization look forward to opening pathways for greater advancements and opportunities in the APAC region.