The World Economic Forum's 2017 Annual Meeting is underway in Davos, Switzerland. The forum is a joined effort of entities worldwide (companies, governments, groups, etc...) to set forth global agenda's. It's a large event attracting major players in all reaches of the planet, for example yesterday United States Vice President Joe Biden spoke. 

Global Blockchain

So what the hell does that have to do with blockchain? The Bitfury Group, the mining and blockchain tech firm, announced a collaboration with the international law firm Covington and plans to launch a Global Blockchain Business Council (GBBC). 

They called it "the first" but let;s be honest, there's already a pile of these all over the place, just none well advertised to the point they can be viewed as a true "global" group.

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,” stated Bitfury Group CEO Valery Vavilov. “This is a crucial step in the global advancement of Blockchain technology.

BitFury hopes to bring the world’s leading blockchain businesses and business leaders together to highlight advances in blockchain technology and will serve as a resource center for education, collaboration and partnerships in the industry.

Global Global Blockchain

BitFury is a long time proponent of global blockchain technology, meaning tokenization and consensus and not the bastardized reductions some companies are touting as blockchain tech whereas they lack the security and decentralization of true global blockchain technology such as that of bitcoin or Ethereum's networks.

The BitFury plan is a positive announcement if the direction of the global initiative is going to be globally focused rather than privatization of unsecured networks which can lead to disaster.

You can learn more about the World Economic Forum and follow the 2017 event in Davos on their website.

Report by dinbits
Image by staff

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