Blockchain Laboratories becomes member of Global Blockchain Business Council (GBBC)

Blockchain Laboratories is excited to announce we have become a member of the Global Blockchain Business Council, also known as GBBC. Being a member of GBBC will provide our business with resources and opportunities to be among the business leaders, regulators, and government officials that are advancing the understanding and adoption of blockchain technology.

Global Blockchain Business Council (GBBC) is the largest and leading industry association for the blockchain technology and digital assets community. Launched in Davos in 2017, GBBC is a Swiss-based non-profit, with more than 500 institutional members, and 231 Ambassadors across 109 jurisdictions and disciplines.

The organization is dedicated to furthering adoption of blockchain technology by convening regulators, business leaders, and global changemakers to foster collaboration and advance dialogue to create more secure, equitable, and functional societies. Blockchain Laboratories’ membership with  GBBC gives us access to InterWork Alliance’s Token Taxonomy Framework (TTF) working groups, which are developing the future standards for having interoperable token standards. Being a GBBC member will also allow Blockchain Laboratories to contribute to the Voluntary Carbon Markets (VCM) Taskforce Meetings to share and gain insights with other thought leaders in the industry.

Blockchain Laboratories has been using the open-source IWA TTF since our launch of the Proof-of-Concept CO2 Removal NFTs back in QTR 4 2021. Blockchain Labs looks forward to designing all our web3 solutions using TTF to create future proof and interoperable web3 applications.

The InterWork Alliance (IWA), an initiative of  GBBC, empowers organizations to adopt and use token-powered services in day-to-day operations, across  use cases and networks, bringing inclusivity to globally distributed applications.

Under the direction of GBBC, IWA drives the creation of open standards, protocols, and specifications for tokenized business services on a global scale through the development of its Token Taxonomy Framework, and Analytics Frameworks

GBBC’s global member community has the opportunity to participate in IWA’s Business and Technical Working Groups and contribute to IWA’s frameworks designed to simplify the digital interchange of value.

“The combination of these two organizations into one is fantastic for the business community,” said Marley Gray, Principal Architect – Azure Multiparty Engineering, Microsoft; Chair, IWA Leadership Council. “Harnessing the opportunities and navigating the disruption that blockchain technology presents just got a whole lot easier.”

“Blockchain Laboratories is glad to become a member of GBBC and join IWA working groups, and we look forward to collaborating with other web3 innovators in the tokenization markets. We are looking forward to getting involved in the working groups and VCM meetings to learn from others, and share what we have built using IWA TTF” Boone Bergsma, Founder/CEO of Blockchain Laboratories.

Accelerating Web3 Business Innovation

Any multi-party digital interchange requires a trusted, agreed-to unit of value, and correlating contractual agreements. And right now, technological disparity across platforms creates roadblocks that inhibit the level of interworking necessary for web3 to scale adoption. There needs to be unified standards where all parties work together to build out the global web3 ecosystem.

Tokenization and distributed applications that exchange and use any unit of value can disrupt global economics, but the wide availability of different platform types has stalled the adoption of tokenized assets

IWA, GBBC, and its members are building sets of specifications and tools necessary for defining what a token is and how its contractual behaviors work so that organizations can create token-based business models agnostic to the tech stack.

Global Blockchain Business Council is where great technology and innovative business leaders meet to deliver the market-driven specifications needed to facilitate interworking, delivering a proven, standard approach that is required to bring consumer trust into web3.

“As Blockchain Laboratories prepares to launch Carbonland Trust’s and Intrinsic Methods’ DLT carbon credit registries we knew being part of GBBC was going to be an important part of bringing to market our web3 solutions” Boone Bergsma. 

About Global Blockchain Business Council

Global Blockchain Business Council (GBBC) is the largest and leading industry association for the blockchain technology and digital assets community. Launched in Davos in 2017, GBBC is a Swiss-based non-profit, with more than 500 institutional members, and 231 Ambassadors across 109 jurisdictions and disciplines. The organization is dedicated to furthering adoption of blockchain technology by convening regulators, business leaders, and global changemakers to foster collaboration and advance dialogue to create more secure, equitable, and functional societies.

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