Chamber of Digital Commerce facts for kids
| Founder | Perianne Boring |
|---|---|
| Focus | Business advocacy |
| Method | Political lobbying, Advocacy, Public relations |
The Chamber of Digital Commerce is a group in America that helps new businesses working with blockchain technology, bitcoin, and other digital money. They work to make sure these new technologies are understood and supported.
What is the Chamber of Digital Commerce?
This group acts like a voice for companies that use digital money and blockchain. They try to help these new technologies grow safely. They also work to make sure laws and rules are fair for these businesses.
How the Chamber Started
The Chamber of Digital Commerce began in July 2014. It was founded by a person named Perianne Boring. Their main office is in Washington, D.C., the capital city of the United States.
A few months after starting, the group became a special type of non-profit organization. This means they work for a cause, not to make money for owners. In 2015, a well-known economist, Blythe Masters, joined their team of advisors. Later, in 2019, Christopher Giancarlo, who used to lead a big government financial agency, also joined the advisory board.
The Chamber is also interested in new ideas and inventions. They pay attention to new patent applications, especially those from China, that are about digital technology.
Working with Government (PAC)
In 2014, the Chamber of Digital Commerce created a special group called a political action committee (PAC). This PAC helps them support politicians who understand and want to help digital money and blockchain technology.
Forming this PAC showed that digital currencies were becoming more important. It meant that politicians might face pressure to support these new forms of money. So far, this PAC has raised a small amount of money, about $10,000. They have given a small part of that, around $2,700, to political candidates.
