Blockchain supporters hold meeting to push for regulation of technology

Crazy Review : Canadian Don Tapscott and his son Alex Tapscott co-authored "Blockchain Revolution". Don Tapscott is also a world innovation and media authority, providing consulting services to global companies and governments. He has profound insights into the economic and social impact of emerging technologies and has published many famous books. Recently, the two announced that they will host a meeting on promoting blockchain regulatory policies in Ontario, Canada on Wednesday. Participants include executives of the Linux Foundation and the Hyperledger Project, former White House Deputy Press Secretary and current Chief Global Communications Officer of BitFury Group Ltd Jamie Smith, etc. This meeting will provide specific ideas and action plans for the development of blockchain.

Translation: Annie_Xu

Major backers of blockchain technology, including IBM and JPMorgan, will meet on Wednesday to discuss a major issue facing the development of the technology underlying digital currencies: the lack of a mature regulatory framework.

During the development of the Internet, it has received support from many organizations, including the Internet Engineering Task Force (IETF), the United Nations World Internet Governance Forum (IGF), and the Internet Corporation of Assigned Names and Numbers (ICANN); however, this support is lacking in the development of blockchain.

Don Tapscott

Don Tapscott, co-author of “Blockchain Revolution” and conference organizer, said:

“There is a vacuum here.”

He and his son and co-author Alex Tapscott hosted the gathering at Lake of Bays in Ontario, Canada, and indicated that new institutions might be formed.

The three-day meeting will be attended by more than a dozen software industry supporters, including executives from the Linux Foundation and Hyperledger, as early blockchain technology gained support from libertarians, and the development of blockchain technology and the resolution of related disputes are all democratic, such as member voting.

Now that companies in industries such as finance are beginning to adopt blockchain, new databases of transaction records are needed, and more standard-setting bodies are needed to speed up these processes; for example, how to respond to The DAO hack.

Tapscott said:

“The digital currency space doesn’t have any of these conditions, or it’s still at a very early stage. So we decided to make some progress in this area.”

Participants will represent individuals, not institutions.

Participants included Jim Zemlin, executive director of the Linux Foundation, Brian Behlendorf, executive director of the Hyperledger Project, Ana Lopes of the World Wide Web Foundation, Jamie Smith, former White House deputy press secretary and current chief global communications officer of BitFury Group Ltd, and Joseph Lubin, CEO of startup Consensus Systems.

Tapscott said:

"The purpose of the meeting is to determine specific ideas and action plans for moving forward."