Algorand joins The Wall Street Blockchain Alliance, or WSBA as a corporate member. According to the announcement on April 23, Algorand, joins trade association to further the adoption of blockchain technology across traditional financial organizations.
The Wall Street Blockchain Alliance (WSBA) is an industry-leading non-profit trade association with a mission to guide and promote comprehensive adoption of blockchain technology and crypto-assets across global markets.
Chairman of the WSBA Ron Quaranta commented:
“We are privileged to have the Algorand team join our organization and work with us and our global members to further the shared mission of promoting comprehensive adoption of blockchain technology across global markets. Founded by world renowned computer scientist and Turing Award winner Silvio Micali, whose work is at the heart of modern-day cryptography, Algorand presents a permissionless Pure Proof of Stake technology that will be instrumental in the development of a decentralized, borderless economy.”
According to the announcement, Algorand joins a number of leading technology and financial organizations working at the WSBA in order that financial markets can realize the full potential of blockchain capabilities.
W. Sean Ford, COO of Algorand said:
“WSBA has a unique approach in bringing together leaders in an industry that is being significantly impacted by the advancements of blockchain,” “With recent accelerated adoption across open finance, traditional finance, and central bank digital currency initiatives, Algorand is well positioned to bring a fresh perspective to alliance members. I look forward to our participation with this prominent group.”
The announcement aims to drive adoption and growth by providing resources to decentralized app developers and entrepreneurs.
Official Source and Image: Algorand