News

Apr 23, 2020

Wall Street Blockchain Alliance Welcomes Algorand as New Corporate Member

By: Wall Street Blockchain Alliance

Leading technology innovator, Algorand, joins trade association to further advance the adoption of next generation blockchain technology across traditional financial organizations

New York, New York (April 23, 2020) – The Wall Street Blockchain Alliance (WSBA), an industry leading non-profit trade association with a mission to guide and promote comprehensive adoption of blockchain technology and cryptoassets across global markets, is proud to announce that Algorand has recently joined the alliance as a corporate member.

Algorand joins a number of other leading technology and financial organizations working collaboratively at the WSBA in order that financial markets can realize the full potential of blockchain capabilities.

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.”

“WSBA has a unique approach in bringing together leaders in an industry that is being significantly impacted by the advancements of blockchain,” said W. Sean Ford, COO of Algorand. “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.”

About Algorand Inc.

Algorand Inc. built the world's first open source, permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products. This blockchain, the Algorand protocol, is the brainchild of Turing Award-winning cryptographer Silvio Micali. A technology company dedicated to removing friction in financial exchange, Algorand Inc. is powering a financial evolution by enabling the creation and exchange of value, building new financial tools and services, while providing responsible privacy features. For more information, visit www.algorand.com

About the Wall Street Blockchain Alliance

The Wall Street Blockchain Alliance (WSBA) is an industry leading non-profit trade association, with a mission to advocate, guide and promote comprehensive adoption of blockchain technology and cryptoassets across global markets. For information about the WSBA, including membership, visit www.wsba.co or email to [email protected] For media inquiries, email [email protected]