Global Blockchain Business Council (GBBC) Launchs in Davos

Bitcoin mining giant and transaction processing company BitFury Group announced today that in collaboration with international lawfirm Covington, it is launching the Global Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term Business Council (GBBC) around the World Economic Forum 2017 Annual Meeting in Davos, Switzerland.

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The mission of the new lobby is is to bring together the world’s leading businesses and business leaders to highlight the latest innovations and advances in Blockchain technology.

“The GBBC will provide a much-needed forum for businesses, innovators and technologists to come together and explore the many opportunities that Blockchain technology has to offer. This is a crucial step in the global advancement of Blockchain technology,” said Valery Vavilov, CEO of the Bitfury Group.

“Blockchain has the potential to be the next great technological innovation, revolutionizing areas from cross-border Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, trade finance and land registries to government records”, said Sebastian Vos, Co-Chair of Covington’s global public policy and government affairs practice. “Through advocacy and international engagement, Covington looks forward to working with the Global Blockchain Business Council to unlock the potential of Blockchain technology.”

The agenda for the launch event boasts a number of statesmen and business leaders, including Uschi Schreiber, Global Vice Chair of Markets & Chair of Global Accounts Committee for EY, Patrick Byrne, CEO of Overstock, Dr. Wei Wang, Founding Chairman of China Mergers and Acquisitions Association, Carl Bildt, former Prime Minister of Sweden, Toomas Hendrik Ilves, former President of Estonia, the economist Hernando de Soto, and best-selling author Don Tapscott. According to the organizers notable attendees include a delegation of prominent blockchain executives and venture capitalists from China.