The union appeared on the initiative of the leaders of the ecosystem - lawyers, IT-community and research centers to promote the technology of smart contracts in the real world.
Smart contracts have the potential to improve the efficiency, transparency and automation in various sectors of the economy. Smart Contract Alliance (SCA) will inform the public about smart contracts and contribute to a more widespread adoption of this technology will provide a platform for discussion, development of standards and general principles that contribute to the growth of the industry. First Alliance meeting will take place next autumn.
Alliance was founded with the support of the Chamber digital commerce - US non-governmental organization that brings together companies operating in the market blokcheyna and electronic assets. The alliance includes cryptocurrency Exchange Bitfinex, IT-companies Microsoft and IBM, are Center for Financial Markets and Policy at Georgetown University and many other organizations. SCA chairman is Mark Smith (head Symbiont) and Sean Murphy (Partner at Norton Rose Fulbright law firm).
"As a pioneer of smart technology contract, Symbiont always seen the purpose ee implementation in the real world. This initiative will play a key role in bridging the gap between concept and reality, and makes smart contracts available in all areas, "- Mark Smith said.
"The issue of political control is the key to the real application of the major technological innovations such as smart contracts. I am encouraged by the opportunity to bring to the Alliance experience Norton Rose Fulbright, concerning the distribution of the registry technology, and promote the growth of a proper legal environment that will allow smart contracts flourish ", - said Sean Murphy, their participation in the organization.
