The Bitfury Group announced in a press release today that it is collaborating with global law firm Covington to launch a new blockchain advocacy group called the Global Blockchain Business Council (GBBC) in Davos, Switzerland during the upcoming World Economic Forum Annual Meeting that begins on January 17, 2017.
The GBBC’s mission will focus on highlighting blockchain innovation and serving as a resource center to help companies adopt and adapt to the new technology. As Bitfury Group CEO Valery Vavilov noted in the release:
“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.”
According to details provided in the release, GBBC will focus on several areas in which it can help businesses embrace blockchain technology. In addition to working to bring business interests together to learn about the benefits of distributed ledger technology, the council will also offer blockchain education for businesses, and facilitate opportunities for partnerships and collaborative efforts.
The launch event is scheduled to feature an impressive lineup of representatives that will include business luminaries like Overstock CEO Patrick Byrne, former heads of state like Toomas Hendrik Ilves of Estonia, and the well-known Peruvian economist Hernando de Soto. The event is also expected to welcome a delegation of leading blockchain executives and Chinese venture capitalists.