GBA Partners with LACNET to Expand Blockchain Maturity Model (BMM) in Latin America and the Caribbean

Fairfax, VA, USA – October 28, 2024– The Government Blockchain Association (GBA), a leading nonprofit focused on blockchain technology standards, has officially announced its strategic partnership with LACNET, a prominent operator of blockchain networks in Latin America and the Caribbean. This partnership appoints LACNET as a GBA Business Associate to sell Blockchain Maturity Model (BMM) training and assessment services, aimed at accelerating blockchain adoption and assurance across the region.

The Blockchain Maturity Model (BMM) is a comprehensive framework that evaluates blockchain solutions on a maturity scale, enabling organizations to verify the effectiveness, security, and trustworthiness of their blockchain applications. The BMM is recognized by the *Dynamic Coalition on Blockchain Assurance & Standardization (DC-BAS).

Note: Dynamic Coalitions, which are recognized by the United Nations IGF Secretariat, function within the IGF framework and comply with the IGF principles and its code of conduct.
However, the views and opinions expressed by Dynamic Coalitions do not necessarily reflect those of the
United Nations Secretariat. 

The BMM provides a robust and globally acknowledged standard for assessing blockchain solutions across industries. Through this agreement, LACNET will provide sales, promotion, and coordination for GBA’s BMM training and assessment services, covering both foundational requirements and industry-specific supplements.

LACNET’s partnership with the Inter-American Development Bank (IADB) and IDB Lab brings critical support to the region’s blockchain infrastructure. IADB and IDB Lab drive funding and strategic support for blockchain and tech innovation across Latin America and the Caribbean, while LACChain, an initiative developed by IDB Lab, establishes a regional blockchain ecosystem with guidelines and technical frameworks. LACNET, operating the physical and digital infrastructure for the LACChain network, is essential to ensuring that Latin America and the Caribbean have the resources, network, and funding needed to support blockchain projects aligned with regional economic and social growth objectives. This layered partnership empowers LACNET to facilitate the growth and adoption of secure blockchain solutions underpinned by rigorous standards and assessments like the BMM.

“We are thrilled to collaborate with LACNET to bring BMM assessments and training to Latin America and the Caribbean. This partnership is an important step toward global blockchain standardization and accountability, creating a framework for trustworthy blockchain solutions,” said Gerard Daché, Executive Director of the GBA.

About GBA 

The Government Blockchain Association (GBA) is a nonprofit organization committed to advancing blockchain technology standards, facilitating industry education, and ensuring a trusted, secure ecosystem for blockchain solutions. For more information, visit www.GBAglobal.org. 

About LACNET 

LACNET is a non-governmental organization based in Uruguay, focused on the development and management of blockchain networks across Latin America and the Caribbean. In partnership with the Inter-American Development Bank and IDB Lab, LACNET operates the infrastructure powering the LACChain network, helping to promote blockchain education, standardization, and sustainable technology development across the region.

For Further Information, Contact 

Alejandro Mandujano, Director of Global Operations, GBA 
Email: ale.mandujanor@gbaglobal.org 

Ilán Melendez, Commercial Lead, LACNET 
Email: imelendez@lacnet.com 

* Dynamic Coalitions are open, multistakeholder and bottom-up initiatives, formed by individuals or organizations to coalesce around a set of Internet governance issues of common interest, identify specific policy problems and provide targeted solutions. Anyone interested is welcome to join and contribute to DC activities.

While Dynamic Coalitions operate autonomously outside of the IGF decision-making structures, Dynamic Coalitions, which are recognized by the IGF Secretariat, function within the IGF framework and comply with the IGF principles and its code of conduct.

Consequently, the views and opinions expressed by Dynamic Coalitions do not necessarily reflect those of the United Nations Secretariat. The designations and terminology employed may not conform to United Nations practice and do not imply the expression of any opinion whatsoever on the part of the Organization.