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Ex- president of Estonian President will head the new fraction on blockchain issues within WEF

Toomas Hendrik

WEF - Toomas Hendrik

The World Economic Forum (WEF) has announced the creation of a new working fraction, the aim of which will be directed at addressing issues associated with blockchain technology. One of the leaders of the new association will be ex-President of Estonia Toomas Hendrik Ilves.

The first meeting of the working group, known as The Global Futures Council on Blockchain Technology, will take place in the next few days in Dubai. The main topic of the meeting will be the elaboration of blockchain technology applied to the models of public administration.

Toomas Hendrik Ilves, was on the post of the President of Estonia 10 years, will become co-chairman of the association, along with the director of marketing of BitFury Jamie Smith, who came into Bitcoin industry from the assistant of the US President Barack Obama.

Also on the board will be leading economist of the People's Bank of China Ma Jun, head of the finteh accelerator of Bank of England Sunderland Claire Haigh, representatives of Barclay's bank, and Deutsche Bank, and representatives of companies such as BitPesa, Everledger, Ripple, and Chain.

"Blockchain represents one of the most budding technologies of the last decade, the potential of which we are only beginning to reveal. I believe that our association will get a key role in the study of the role of blockchain in improving security "- noted Ilves.

Recall that a year ago, the World Economic Forum published a report entitled "A profound shift: turning points in technologies and their impact on society", according to which the majority of CEOs and experts are expecting that by 2025 10% of global GDP will be related to Bitcoin and blockchain.