The Stellar Development Foundation (SDF) has announced to join the Blockchain Association to help bring Blockchain awareness to policymakers.
Per the announcement, the foundation deem this move necessary as it is working towards ensuring that transfer of value around the world becomes as easy as sending emails and this can mainly be achieved via the blockchain technology.
Stellar Lumens (XLM) is a blockchain-based project that focuses on cross-border payments and transfer of value. The company seeks to replace the existing financial system with a more reliable, cheaper and faster system through its platform.
By joining the Blockchain Association, Stellar will help policymakers and influencers to better understand the great potentials of blockchain. It is believed that, when these actors understand the system well, it would bring massive transformation to the current system.
As it stands now, there is no clear policy on blockchain technology in the United States, says the announcement. This has been a major hurdle to the progress of the industry. Stellar will also work towards ensuring that the right policy and regulations are implemented for proper development of a better system for the future.
Together with like-minded organizations, Stellar believes they can collectively advocate for smart, effective policy that allows blockchain to thrive in the U.S. Stellar is excited to be joining the Association to show the world how blockchain can transform it for the better.
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