Global Blockchain Business Council

The Global Blockchain Business Council (GBBC) functions as a pivotal non-profit organization dedicated to the global promotion and adoption of blockchain and digital assets. Established in 2017 at the World Economic Forum in Davos, it stands as a highly influential body that bridges various sectors within the blockchain ecosystem, connecting over 500 institutional members and 300 ambassadors across 117 jurisdictions. The GBBC's mission is vested in enhancing the understanding and implementation of blockchain technology by engaging a diverse range of stakeholders, including regulators, business leaders, and global changemakers. Its efforts target reducing fragmentation within this industry and addressing the skepticism surrounding blockchain technology, which predominantly arises from regulatory and conventional industry perspectives. By fostering dialogue and cooperation, the GBBC helps align disparate interests to common goals, thus promoting a balanced advancement in blockchain technologies across multiple sectors such as finance, commerce, supply chain, and commodities. The GBBC’s technical architecture does not involve developing blockchain technologies or issuing tokens directly but rather focuses on enhancing blockchain adoption and interoperability through various initiatives. These include the BITA Standards Council that promotes open-source supply chain standards and the InterWork Alliance that fosters the adoption of token-powered services. Furthermore, the Global Standards Mapping Initiative offers a comprehensive approach to identifying and bridging gaps across existing blockchain standards globally. The alliance’s impacts are seen in its strategic partnerships, which span global enterprises and governmental bodies, fostering innovation and regulatory advancement. GBBC actively participates in global regulatory dialogues, influencing policies such as the EU's Markets in Crypto-Assets Regulation, and offers educational resources like the International Journal of Blockchain Law. This highlights its pivotal role as an advocate and standard-setter within the blockchain domain, underlining its commitment to creating more effective and secure technological frameworks for society.