Blockchain Laboratories joins the Global Blockchain Business Council (GBBC)
Global Blockchain Business Council website
Blockchain Laboratories joins the Global Blockchain Business Council (GBBC)
SHERIDAN, WYOMING, USA, March 4, 2023 /EINPresswire.com/ — Blockchain Laboratories is pleased to announce that we have become a member of the Global Blockchain Business Council, also known as the GBBC. Being a member of the GBBC will provide our business with the resources and opportunities to be among business leaders, regulators and government officials promoting the understanding and adoption of blockchain technology.
The GBBC is the largest trade association for blockchain technology and digital assets. It was launched in Davos in 2017, GBBC is a Swiss-based non-profit, with more than 500 institutional members and 230 ambassadors across 108 jurisdictions and disciplines.
The GBBC is dedicated to advancing the use of blockchain technology by convening regulators, business leaders and global change-makers to promote collaboration and promote dialogue to create a safer, fairer and more functional society.
Blockchain Laboratories membership in the GBBC gives us access to the InterWork Alliance Token Taxonomy Framework (IWA TTF) working groups. Which develops future standards to have interoperable token standards. Being a GBBC member will also allow us to be part of voluntary Carbon Markets (VCM) Taskforce Meetings to share and gain insights with other industry thought leaders.
We have been using the IWA TTF since we first launched our Proof of Concept CO2 removal NFT back in QTR 4 2021. And designed all our web3 solutions using the IWA Token Taxonomy Frameworks to create future-proof and interoperable web3 applications.
InterWork Alliance, now an initiative of the Global Blockchain Business Council, empowers organizations to adopt and use token-driven services for business operations, across many use cases and networks, providing inclusivity to globally distributed applications.
The IWA and GBBC invite all global standards development organizations, open source foundations, industry standards organizations and other industry groups to collaborate in the quest to solve some of the world’s most difficult multi-stakeholder problems with standardized, token-based distributed applications.
Under the leadership of GBBC, IWA drives the creation of open standards, protocols and specifications for tokenized business services on a global scale through the development of the Token Taxonomy Framework and Analytics Frameworks. IWA will also launch a comprehensive certification program based on the framework.
GBBC’s global membership community has the opportunity to participate in IWA’s business and technical working groups and contribute to IWA’s framework designed to facilitate the digital exchange of value.
“The combination of these two organizations into one is fantastic for business,” said Marley Gray, Principal Architect – Azure Multiparty Engineering, Microsoft; Chair, IWA’s Leadership Council. “Taking advantage of the opportunities and navigating the disruptions that blockchain technology presents has become much easier.”
IWA’s Leadership Council consists of Marley Gray, David Treat, Senior Managing Director, Co-Lead for Accenture’s Global Blockchain & Multiparty Systems business; GBBC Chairman, Peter Golder, Chief Commercial Officer and Board Member, SIX Digital Exchange, John deVadoss, Founder and President, NGD Enterprise, Eric Saraniecki, Co-Founder and Head of Strategic Initiatives, Digital Asset, and Sandra Ro, CEO, Global Blockchain Business Council .
“Blockchain Laboratories is pleased to become a member of the GBBC and join the IWA working groups and we look forward to working with other web3 innovators in the tokenization markets. We look forward to getting involved in the working groups and VCM meetings to learn from others, and share what we’ve built using the IWA TTF” Boone Bergsma, Founder/CEO of Blockchain Laboratories.
Accelerating Web3 Business Innovation
Any multi-party digital exchange requires a reliable, agreed-upon unit of value and associated contractual agreements. And right now, technological disparity across platforms creates roadblocks that inhibit the level of interaction necessary for web3 to scale adoption. There must be uniform standards where all parties work together to build out the global web3 ecosystem.
The InterWork Alliance initiative of GBBC, is an independent, technology-neutral, cross-industry initiative determined to break down these silos by simplifying and standardizing how multi-party exchange is achieved among different technology platforms across applications such as global sustainability, supply chains, healthcare and more .
Tokenization and distributed applications that exchange and use any unit of value can disrupt global economy, but the wide availability of different platform types has stopped the use of tokenized assets.
IWA, GBBC and its members are building the set of specifications and tools necessary to define what a token is and how its contractual behavior works, enabling organizations to create token-based business models that are agnostic to the technology stack.
The Global Blockchain Business Council is where great technology and innovative business leaders meet to deliver the market-driven specifications needed to facilitate interaction, and deliver a proven standards approach required to bring consumer confidence to the web3.
“As Blockchain Laboratories prepares to launch the Carbonland Trust and Intrinsic Methods’ DLT carbon credit registries, we knew that being part of the GBBC was going to be an important part of marketing our web3 solutions” Boone Bergsma.
About the Global Blockchain Business Council
GBBC is the leading global trade association for the blockchain technology ecosystem with nearly 500 institutional members and 178 ambassadors from more than 95 jurisdictions and disciplines. GBBC is dedicated to advancing the use of blockchain by engaging regulators, business leaders and global change-makers on how to harness this cutting-edge technology to create more secure, fair and functional societies.
News originally posted on: https://blockchainlaboratories.com/blockchain-laboratories-becomes-member-of-global-blockchain-business-council-gbbc/
Boone Bergsma
Blockchain Laboratories LLC
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