NAC Foundation Supports Blockchain Position of US House Resolution 835
Creator of Aten Coin, NAC has announced that it is supporting Resolution 835 in a bid to further its goals of improving financial literacy, increasing the options for consumers to manage their finances, engaging in commerce online and learning about new methods of payment in order to promote economic growth and consumer empowerment worldwide.
The resolution describes how the United States should adopt a national policy for technology to promote alternative non-fiat currencies and support for blockchain technology. Pointing out the benefits of transparency, security and authentication as key benefits. NAC’s Aten Coin, a cryptocurrency that meets compliance measures such AML, hopes to support this in its potential applications in various sectors including financial services, payments, health care, energy, property management, and intellectual property management.
Marcus Andrade, NAC’s CEO, remarked: “Currently, there are approximately 25 million underbanked households in the United States. With the incredible upsurge of mobile device use and access to broadband technology this market needs to be educated and protected by its country. Implementation of legislation to provide tools and learning opportunities, and also to protect users from cyberattack or identity-theft will undoubtedly help usher in this very convenient and lucrative new method of banking and online commerce transactions,”
Important points in Resolution 835 include:
•Protect the online assets and personal information of consumer through their connected devices via cybersecurity measures
•Foster future economic growth and create new markets
•Develop alternative technologies that support transparency, security and authentication
•Recognize technology experts in the United States who develop consumer-facing technology applications for manufacturing, automobiles, telecom, tourism, healthcare, energy and general commerce.
•Request for technology innovators to improve the quality of life for future generations by developing safe, new technology that is aimed at improving a consumer’s access to commerce.
Andrade concluded: “Blockchain technology is vitally important to cyber-currency growth and government encouragement through legislation like Resolution 835 will help facilitate its development. As the founders of the first compliant digital currency, NAC Foundation’s primary mission is to facilitate a positive experience via financial and online commerce. We put safety first into everything we do through a variety of security efforts, that include: anti-theft measures, identity protection, and government and law enforcement cooperation,”