Digital Currency Group (DCG) that builds and supports bitcoin and blockchain companies, announced the launch of ‘DCG Connect’, which is a membership-based organization for helping enterprises accelerate from blockchain exploration to production.
DCG Connect was launched with a group of founding corporate members including IBM, Foxconn, Mastercard, New York Life, CME Group, CIBE, Amazon Web Services (AWS), among others. The launch is the fourth subsidiary of DCG.
The DCG Connect along with its members will work together in identifying and engaging with startup companies and their products and will collaborate to drive business models that sustain enterprise-ready blockchain technology. DCG also intends to support open source blockchain frameworks like Hyperledger Fabric.
“We believe DCG’s commitment to the ecosystem of companies founding Hyperledger Fabric networks is a huge validation of the technology. 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,” Marie Wieck, general manager, IBM Blockchain, stated.
Accelerating the development of blockchain technology across industries, DCG Connect will be developing tools to help enterprise adopters successfully navigate the blockchain service providers. The ecosystem of DCG Connect aims to be a focal point for facilitating collaboration and scaling of blockchain businesses.
Also, 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, the release stated. Additionally, AWS will deepen its collaboration with DCG to foster innovation and facilitate frictionless deployment of blockchain in real-world business environment.
The participating startups in DCG Connect includes BigchainDB, Chain, Gem, AlphaPoint, BlockCypher, Netki, among others. It is also engaging with lobal stakeholders, including academic institutions, governments, regulators, and other industry bodies that are critical to driving and supporting the growth of blockchain ecosystem.
“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,” Meltem Demirors, DCG’s Director of Development, and a leading executive of DCG Connect, noted.
