The Wall Street Blockchain Alliance forms Enterprise Solutions Working Group
The Wall Street Blockchain Alliance, a nonprofit trade association that promotes blockchain adoption across global markets, has formed the Enterprise Solutions Working Group to accelerate blockchain-related policy development and issues around implementing blockchain at the enterprise level.
The EWG joins other such bodies created by the WSBA, including the Accounting, Cryptoassets, Legal, and Product & Technology Working Groups. It will be led by Andrea Tinianow, chief innovation officer and executive vice president of Global Kompass Strategies. She created the Delaware Blockchain Initiative, which works on deploying blockchain technology in state government and enacting blockchain-friendly legislation.
It’s likely blockchain will not see a foothold within the accounting industry until it becomes better regulated on the government level, so this move may become a significant step toward blockchain adoption for accountants.
The EWG will formally launch in December. The plan is for the EWG to meet on a biweekly basis to discuss policy issues as well as the practical challenges and implications of crafting and implementing blockchain-enabled applications at the enterprise level. According to the WSBA, real-life examples will be explored, with “strict attention paid to lessons learned and takeaways that can be shared within the group and organization as a whole.” Issues under consideration include business models, governance, obtaining support from stakeholders, technology alternatives and technical aspects of implementation.
“The WSBA is an outstanding resource for advisors, practitioners and developers in the blockchain space,” Tinianow commented. “I am excited and privileged to lead this important group into what promises to be a critical year for blockchain technology adoption within financial services. The EWG will be a forum for members to share experiences, exchange ideas and collaborate on related projects in support of the successful implementation of blockchain technology at the enterprise level.”
WSBA chairman Ron Quaranta added that the EWG “ties together the groundbreaking work that the organization is already undertaking with practical, tangible and actionable insights that our members can use to ‘make blockchain real’ within their organizations.”