DigitalBits formed XDBFoundation for supporting its blockchain & ecosystem

By Pavithra R

DigitalBits, a protocol layer blockchain focused on supporting consumer digital assets, specially branded currencies has gained a new key contributor with the formation of the XDB 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, which aims 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.

The XDB Foundation core objectives include:

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

Michael Gord, MLG Blockchain and GDA Capital founder, has been appointed to the position of Managing Director of the XDB Foundation. He is bringing a wealth of experience to the table, spanning both professional and evangelistic initiatives in categories including:

• Education Evangelism: Michael’s first initiatives within blockchain started with establishing the McGill Students’ Cryptocurrency Club, Bitcoin Canada, McGill Students’ FinTech Association and providing leadership on the global expansion of the Blockchain Education Network.
• Community Development: Contributed to some of the world’s largest blockchain ecosystems, including TRX, LRC, and ONT.
• Enterprise & Government: Under Michael’s leadership, GDA and its subsidiaries have worked with Fortune 500 companies, such as Toronto Dominion Bank, as well as governments in North America, the Caribbean, Africa and Asia.
• Developer Ecosystems: He has spearheaded initiatives such as Canada’s Next Top Blockchain Exec, the global Blockchain Gauntlet startup competition, global hackathon events such as the Borderless Block Party, and the build-out of global industry ambassador networks.

Founded in 2017, DigitalBits Project is an open-source software project used by the DigitalBits blockchain network. Besides supporting fast & low-cost micropayments & remittances, enterprises can also tokenize assets on the DigitalBits blockchain.