Bitfury to Present Blockchain at Clinton Global Initiative Meeting

"The problem is that up to 5 billion people around the world are not documented in national ledgers."

Bitcoin mining giant and transaction processing company BitFury Group has revealed today that its advisory board member and economist, Dr. Hernando de Soto, as well as its Chief Communications Officer, Jamie Smith, will present at the Clinton Global Initiative (CGI) Annual Meeting. They will speak in a session called “Connectivity” and will discuss the current and future power and potential of Blockchain technology, highlighting how it can enhance opportunity, increase transparency and reduce corruption.

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“Globalization requires the careful documentation of the knowledge and legal tools needed to combine the property rights of seemingly useless single assets (electronic parts, legal rights to production, and so on) across the world into complex valuable wholes (an iPhone), and appropriate the surplus value they generate,” said Hernando de Soto.

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“The problem is that up to 5 billion people out of 7 billion around the world are not documented in national ledgers in anything approaching a manner suitable for global combinations. Instead, their entrepreneurial talents and legal rights to assets are recorded in hundreds of scattered records and rules systems throughout their countries, making them internationally inaccessible and encouraging de-globalization. We are now adapting blockchain technology to bring the systems that five billion people use into the global economy. The Bitfury Group is a pioneer in improving and securing the systems we have today and in looking to the future. I am honored to be a part of their Blockchain pilot projects.”

“The Bitfury Group is proud to be the world’s leading full service Blockchain technology company, we are deeply honored to represent this innovation to an audience of extremely dedicated game-changers, and we look forward to highlighting our company’s groundbreaking ‘Blockchain for global good’ work at such an important event, said Smith. “From the White House to the Blockchain, I know this technology has the power to deliver inclusion and opportunity to millions, if not billions, of people around the world and I am so grateful to work for a company focused on such a principled vision.”

Last month BitFury issued a white paper about tackling anonymity on the Bitcoin blockchain. It focuses on the popular transaction tangling techniques of ‘shared send’ and presents an approach to detect usage of ‘mixing’ schemes.

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