As reported by CoinDesk, ADCA is the industry’s leading network for businesses looking to implement blockchain solutions while BA is the industry body representing domestic organizations involved in the crypto asset economy.
The July 22 announcement, together with the unveiling of the group’s new logo, took place at the Annual APAC Blockchain Conference in Sydney.
Presenting the news was the Hon. Senator Jane Hume, assistant minister for Superannuation, Financial Services and Financial Technology, in a show of government support for the merger and future developments from the Australian blockchain community.
Hume told attendees she was “delighted” see ADCA and BA deciding to merge while having a “consistent and united voice” in advocating blockchain adoption. She also stressed the need “to recognize the potential for Australian blockchain businesses to tap into the demand that’s deriving from Asia’s growing middle class.”
Hosted by the Sydney Stock Exchange (SSX), the official merger was witnessed by directors and members from both organizations.
Nick Giurietto, CEO and managing director of BA, said:
“Bringing the two organizations together will allow the whole Australian blockchain community to speak more clearly and consistently to key stakeholders including governments and regulators and will strengthen the connections between all parts of the Australian blockchain ecosystem.”
Those involved in the new organization have expressed hope that the merger will open pathways for greater opportunities as well as advancement in the Asia-Pacific region.
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