What you need to know: It is important for the business sector to maximize the potential and benefits of blockchain technology. Thus, The Bitfury Group, together with international law firm Covington, will launch the Global Blockchain Business Council, an organization that will bring together global business leaders and leading businesses to focus on the latest advances and innovations in blockchain technology.

Why it is important: GBBC will be an authoritative body that will educate and highlight the latest in blockchain technology so that businesses can adopt it. It will promote the potential of the technology in revolutionizing areas like trade finance, cross-border payments, government records, and land registries.

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