Bitcoin mining giant BitFury collaboration with lawfirm Covington

The Global Blockchain Business Council will launch around the World Economic Forum 2017 Annual Meeting in Davos.

Bitcoin mining giant and transaction processing company BitFury Group has announced today that in collaboration with international lawfirm Covington, it is launching the Global Blockchain Business Council (GBBC) around the World Economic Forum 2017 Annual Meeting in Davos, Switzerland.



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, 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. Notable attendees according to the organizers, include a delegation of prominent blockchain executives and venture capitalists from China.