In order to power the growth and expansion of blockchain technology in Latin America and the Caribbean region (LAC), Ava Labs has joined the IDB Lab’s LACChain Alliance.
Ava Labs is joining @LACChain to further promote the development, adoption, and growth of blockchain technology in Latin America and Caribbean regions. We're ecstatic to join alongside @medialab, @EntEthAlliance, and more: https://t.co/URRoM08v5R
— Ava Labs (@avalabsofficial) August 13, 2020
Just so you know, IDB is led by InterAmerican Development Bank, aiming to widespread adoption of blockchain among masses. It is important to note that Ava Labs is the builder of the Avalanche platform, which is widely recognized as one of the most credible open-source blockchain platforms for launching decentralized applications.
The important question to be considered here is how this association will benefit the blockchain adoption. The primary objective behind this coming together is to foster the process of innovation, creation of jobs, promote financial equality and inclusion, and strive to create a culture in which integrity is at the top of the business agenda. The total number of members in the LACChain Alliance is 25, including the likes of Blockchain Research Institute, MIT Media Lab, ConsenSys, and Enterprise Ethereum Alliance, among others.
Ava Labs is quite famous for its expertise in the blockchain domain as using its platform; customers can easily connect and launch the financial applications. By becoming a member of this alliance, Ava Labs will explore the opportunity to provide its services to a wider range of clients while also strengthening the overall adoption prospects of open ledger technology.
Aligned with the purpose of LACChain Alliance that promotes the blockchain ecosystem to help communities, nations, and organizations., the entry of Ava Labs is a very encouraging step. This inclusion will make the blockchain ecosystem more vibrant and dynamic, and more importantly, the primary objective of the blockchain adoption by the masses will be met by this alliance. It will be interesting to find how this alliance will become instrumental in spreading the blockchain adoption by making people aware of the utility of the open ledger technology in completing a number of tasks across industries.