The Blockchain Trust Accelerator Initiative is intended to promote two major issues - One is the gap between governments, technologist and funders. Two, and perhaps more importantly, verifying long term governance around the uses of blockchain technology. The accelerator will be looking for blockchain startups that want to use their capabilities toward global good - land title, tracking of vaccinations, voting, and more. As we have posted many times before, the blockchain has the ability to become a leading authentication and tracking tool which can effect in both developing and emerging markets.
Bitfury cofounder and chief executive officer Valery Vavilov said in a statement, “I grew up in Latvia – a small country of roughly two million people that was part of the Soviet Union until 1991 and now is now a proud member of the European union. When I was young I saw members of my family lose so much — their pensions, their life savings, their dreams – all in the face of systems and institutions that were not designed to work for the people. … Blockchain can make the world better and The Bitfury Group is dedicated to doing our part to ensure its success – for everyone.”