Canada's largest blockchain trade association, the Chamber of Digital Commerce has united with the Blockchain Association of Canada (BAC), which will now go by the Chamber of Digital Commerce Canada. The merger has been announced in a press release submitted about the Chamber of Digital Commerce site on Feb 5.
Woods has worked for the Canadian authorities, BCE, Nintendo, along with Microsoft. Woods stated in the press release:
"Canada's blockchain leaders and authorities would love to find a robust and unified blockchain ecosystem that is prepared and equipped to effectively collaborate with policymakers to make sure the industry in Canada will thrive."
Don Tapscott, executive chairman of the Blockchain Research Institute, stated that Canada is"well-positioned" to turn into a globally leader in the blockchain market. He added that,"It's critical for Canada to have a unified local community driving blockchain adoption..."
The Chamber of Digital Commerce was established in July 2014 and can be comprised of 200 firms that are wanting to put money into blockchain technology.
On October 2018, Cointelegraph reported the Canada Border Services Agency (CBSA) agreed to trial a blockchain shipping solution that was produced by IBM. Even a blockchain implemented system could purportedly allow for the automation of supply and transaction procedures, besides decreasing costs and margin for error.
Canada has turned into a major nation in the crypto and blockchain distances due to the favorable regulatory regime, low energy costs, innovation and high internet speed.