XDB Foundation Formed to Support DigitalBits


CommPRO Editorial Staff

The DigitalBits ecosystem has gained a new key contributor with the formation of the XDB Foundation (the “Foundation”), a non-profit organization dedicated to supporting DigitalBits, as well as related initiatives and technologies. The XDB Foundation’s key initiatives include the DigitalBits Ecosystem Support Program, aiming to provide both financial and non-financial assistance to qualified entities and projects within the DigitalBits community, with a focus towards innovation and accelerating ecosystem growth.

Michael Gord, MLG Blockchain and GDA Capital (“GDA” or “Global Digital Assets”) founder, has been appointed to the position of Managing Director of the XDB Foundation.

The XDB Foundation will also establish a set of committees focused on the oversight of governance, education, research and development, and ecosystem growth and adoption. The Foundation’s core objectives include the following:

  • Support innovation and adoption of the DigitalBits blockchain
  • Shape commercial standards and requests for technical development
  • Growth of the DigitalBits Community through a diverse regional strategy
  • Accountability and sustainability practices
  • Facilitate partnerships and ecosystem development

The DigitalBits Project, since its founding in 2017 and the unveiling of the DigitalBits blockchain in March 2018, has seen a robust array of support from an ecosystem of top-tier partners, including developers, other blockchain projects, exchanges and enterprise partners. As the new project lead for the DigitalBits Project, the XDB Foundation is also able to leverage these building blocks to support the next phase of commercial integrations and brand adoption. The Foundation will provide a framework to help ensure longevity, integrity, and effective collaboration between the Foundation, the DigitalBits Project and a hallmark of commercial companies.

Source: Blockchain Wire