From The Bitfury Group Newsroom

Identity 2020 summit was held on May 20,2016 at United Nations Headquarters in New York addressed the world's Identity problems. It witnessed representatives from more than 50 technology businesses including reps from blockchain centric companies.

A complete presentation on ‘Blockchain Technology’ was presented by Jamie Smith, Ex-Global Chief Communications Officer of BitFury Group which makes blockchain hardware.

Blockchain is a vast, global distributed ledger or database running on millions of devices and open to anyone, where not just information but anything of value — money, but also titles, deeds, identities, even votes — can be moved, stored and managed securely and privately. Trust is established through mass collaboration and clever code rather than by powerful intermediaries like governments and banks.

Already, an intrepid and visionary crop of entrepreneurs is applying this revolutionary new technology to transform industries from financial services to media and everything in between. Here are a few of the most promising we got to know during the research for our book “Blockchain Revolution”:

Former spokesperson for President Obama, Jamie Smith, argued on her panel that the first step to getting a more widespread regulatory blessing on digital currency is to teach international regulators about the technology.

Now ex-global chief communications officer at mining company BitFury, Smith is working to expand the firm's services to include a wide range of blockchain efforts. And, true to her word, she’s engaging with industry leaders and bureaucrats to standardize the way we talk about cryptocurrency.

BitFury has inked a deal with the Georgian government to develop a system for registering land titles using the blockchain. BitFury will help develop the platform for the National Agency of Public Registry (NAPR), an office of the Georgian Ministry of Justice. Economist Hernando de Soto will assist in the development of the platform. Today de Soto is set to give a lecture on related issues during an event in Georgia's capital, Tbilisi.

BitFury, the Republic of Georgia’s National Agency of Public Registry and renowned Peruvian economist Hernando DeSoto will announce Friday a partnership to design and pilot a blockchain land titling project. The experiment revives blockchain enthusiasts’ dreams of using the technology — a transparent and secure ledger — for managing land titles. It also signals a shift in direction for the San Francisco-based company that has, until now, been known primarily for mining.

With the growing buzz around the Blockchain technology, we have gathered predictions of experts from different branches of the industry, on its future evolution and prospects going forward.

BitFury, a fintech startup determined to drive forward the use of digital currencies, said it would only join trade body Innovate Finance if it could pay its membership in bitcoin. Bitfury, a company that provides the Blockchain infrastructure underpinning bitcoin payments, paid £10,000, or 37.55 BTC (bitcoin), to join Innovate Finance, which counts Visa, IBM, and Mastercard among its founding members.

Leading Bitcoin Blockchain infrastructure provider and transaction processing company, BitFury, has recently released a white paper entitled “Digital Assets on Public Blockchains”. The paper demonstrates methods of storing and transferring digital assets securely on the bitcoin-secured public blockchain.

For the second year running, Tech Tour has presented its ‘Growth 50’ list at yesterday’s Growth Forum (the organisation’s flagship event) in Switzerland. The list represents 50 of Europe’s fastest-growing tech businesses, which regular Tech.eu readers will no doubt be able to identify as baby EUnicorns, albeit with a light chuckle.

Tech Tour, together with Silverpeak Investment Bank and in conjunction with a selection committee of international investors from firms like Accel Partners, DN Capital, Earlybird and Highland Europe, have researched and evaluated over 175 European private tech companies valued under $1 billion.

Bitcoin blockchain mining infrastructure provider BitFury has announced it has made a strategic investment in the universal African Bitcoin exchange BitPesa.

Founded in 2013, BitPesa sees itself as an easy way for businesses and individuals worldwide to buy and sell local African currencies through Bitcoin to Kenya, Nigeria, Uganda and Tanzania with the monetary settlement taking place directly with African banks and mobile money accounts.