Ava Labs, the builders of Avalanche, has joined the LACChain Alliance of the IDB Lab, a global organization led by the InterAmerican Development Bank Group Innovation Laboratory to accelerate the development of the blockchain ecosystem in Latin America and the Caribbean (LAC) region. Avalanche, Ava Labs’ flagship platform, is a highly-scalable, open-source platform for launching decentralized applications.
The Alliance aims to foster innovation, reduce inequalities, catalyze the creation and security of quality jobs, promote financial inclusion, consumer protection, and market integrity. It now has 25 members, including ConsenSys, MIT Media Lab, Enterprise Ethereum Alliance, and the Blockchain Research Institute.
Ava Labs makes it simple to launch finance applications using blockchain technology. By joining the LACChain Alliance, Ava Labs will explore opportunities for blockchain in the region with other participants in the ecosystem, as well as accelerating the adoption of the technology within LAC.
“We’re thrilled to welcome Ava Labs to the Alliance as another member who not only sees the vast potential of the LatAm region but understands the unique challenges it faces. With Ava Labs joining an already robust roster of partners, the Alliance is primed for even faster growth.” — Alejandro Pardo Vegezzi, Leader at LACChain
The LACChain Alliance focuses on two main lines of action:
- The promotion of communities and ecosystems that support local, national, and regional organizations and individuals who wish to explore the benefits of blockchain technology.
- The development of infrastructures that enable a wide range of participants to use blockchain technology for use cases like tokens representing fiat money and digital identity.
“LACChain Alliance has played a vital role in the growth of blockchain technology in Latin America. We look forward to working with the members of the alliance to empower the next wave of blockchain adoption and innovation in the region.” — Ricardo Vázquez Gutiérrez, Business Development and Growth Lead LATAM at Ava Labs.
More information on the LACChain Alliance is available here.
About Ava Labs:
Ava Labs makes it simple to launch finance applications using blockchain technology–with highly scalable and efficient networks, customizable public and private blockchains, the capability to create any digital asset, and more. We are empowering people to build an open, simple, and democratic internet of finance.
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