Namaste Yogis. Welcome to the Blockchain & AI Forum, where your technology questions are answered. Here no question is too mundane. As a bonus, a proverb is also included. Today’s question was submitted by Kandy, and she wants to know what are blockchain associations?
Kandy, you came to the right place. Although the definition may vary depending on the country, an association is generally defined as an organization comprised of businesses or individuals in a specific industry or trade collaborating to address common issues, set standards, and advocate for their shared interests and goals. Members pay dues, and the association’s professional staff work on their behalf. On to the blockchain association located in Washington, D.C.
Washington D.C. is not only the USA capital, it’s also the headquarters of associations. Government capitals and associations are congenital twins. Where one goes, so does the other. As of 2022, over 3,400 associations were registered in Washington, including an association of associations. Lol! That is not a joke!
The Blockchain Association in Washington has 100+ members. Membership is restricted. Individuals cannot join, only organizations. Their mission is “… to advance the future of crypto in the United States, promoting potential of blockchain technology and shaping policy that ensures its success. We work with our members to educate policymakers about blockchain technology and its ability to pave the way for a more secure, competitive, and consumer-friendly digital marketplace.” Holy shared interest, Batman! Let’s discuss blockchain associations around the world.
As noted above blockchain associations basically function in a universal manner—they all advocate, educate, promote, hold events, etc. Hence, I will only highlight one or two unique facts for a select few blockchain associations.
Canada—Blockchain Association of Canada. Two fun facts about BAC. First, BAC sponsors innovation challenges. Second, BAC is headquartered in Vancouver not Ottawa (Canada’s capital).
Cayman Islands. The Cayman Islands is an international banking center. Therefore, we should not be shocked to discover the country is embracing blockchain technology.
China. Several years ago, China declared blockchain a national priority technology and not surprisingly there are numerous national and international blockchain associations, including the UK-China Blockchain Association, the Hong Kong Blockchain Society, French-Chinese Blockchain Association.
Germany—Blockchain Bundersverband. The German blockchain association has a working group focused on decentralized autonomous organizations.
Mexico—Blockchain Association of Mexico. We Latinos are known for coming late. Lol. The Mexican Blockchain Association arrived early! Lol!
Singapore–Blockchain Association Singapore (BAS). The BAS has six working groups including one dedicated to stable coins and central bank digital currency. If you know Singapore, you are not surprised.
Swiss Blockchain Federation. Located in Bern (the capital) the SBF works across a range of topics, including bringing blockchain technology to the public sector.
United Arab Emirates—Government Blockchain Association of UAE.
United Arab Emirates–Middle East, Africa & Asia Crypto & Blockchain Association (MEAACBA). This is an international blockchain association. Members hail from the Middle East, Africa, and Asia and the headquartered is in Dubai, UAE.
United Kingdom–International Blockchain Association (IBA). The IBA has offices in London, New York, and Dubai.
Kandy, the research reveals an emerging picture. First, blockchain adoption is growing fast. Second adoption is increasingly international. Third, beyond the USA, Dubai, China, and Singapore are blockchain hot spots. Fourth, crypto does not equal blockchain. Blockchain is a technology with countless use cases that extends far beyond just crypto. Five, policy makers are being educated around the world and that portends a brighter future.
I end with a proverb from Tunisia: Like salt, he doesn’t miss any meal.
Until next time,
Yogi Nelson
Blockchain & AI Forum 