From The Bitfury Group Newsroom

According to Valery Vavilov, if blockchain were in use today, Donald Trump would never again be able to claim that a vote had been rigged. The 37-year-old is one of a group of chief executives developing the new form of technology and who, instead of only talking in the corporate language of strategy and returns on investment, argue zealously that blockchain will change the world, making systems from banking to voting more transparent and democratic.

Blockchain technology provider BitFury Group announced on Thursday announced a deal with Hong Kong-listed fintech service provider Credit China Fintech Holdings to set up a joint venture that will focus on the Chinese market.

The proliferation of blockchain has been critical in the fintech sphere. Valery Vavilov, CEO and founder of the BitFury Group joined Asset TV in Davos to discuss the launch of the Global Blockchain Business Council and blockchain’s potential to create efficiency in various systems.

The Global Blockchain Business Council launch, hosted in Davos in January 2017, gained global attention for its dedication to expanding Blockchain technology.

Valery Vavilov is the CEO and founder of the Bitfury Group, a leading blockchain company that delivers software, hardware, mining and consulting solutions focused on the technology.

In this CoinDesk 2016 in Review special feature, Vavilov discusses his vision for the future of blockchain technology, and why he believes it will prove key to providing a more secure and inclusive world.

The blockchain industry is looking to gain a global voice with the formation of a new blockchain advocacy group. The Global Blockchain Business Council (GBBC), being launched by blockchain technology company Bitfury Group and international law-firm Covington, aims to bring business leaders together and highlight the latest blockchain innovations.

The MIT lecturer and former White House advisor Brian Forde joins Bitfury - a company that has already established strong connections to the government. While most people know BitFury as a miner, the firm has grown into an amazingly successful, full-service blockchain firm.

What makes a blockchain a blockchain? The Bitfury Group is now weighing in with its definition of one of the more often-debated words in the FinTech sector.

As part of its recent shift toward enterprise blockchain services and consulting, Bitfury's latest research paper, entitled 'On Blockchain Accountability', takes aim at this argument, aiming to parse out the underlying innovations that make bitcoin's blockchain a "blockchain", and by extension, the features that may be necessary to label code releases as such.

Blockchain is well-known as a method of exchanging assets, but in future it could also be used for - among other things - welfare distribution, secure voting, land-title transfers, even vaccine distribution. Jamie Smith, Ex-Chief Communications and Marketing Officer of The BitFury Group, and co-chair of the Global Future Council on Blockchain, explains how blockchain could bring about a revolution in banking, supply chain management and entrepreneurship.

Toomas Hendrik Ilves, who served as president of Estonia for 10 years before leaving office in October, will serve as co-chair alongside Jamie Smith, ex-chief communications officer for bitcoin mining and blockchain services firm Bitfury and a former official in the Obama White House.