Block Chain Summit Responds to Backlash Over Private Island Bash

Necker Island

Boasting an exotic location and the apparent blessing of billionaire Richard Branson, the Block Chain Summit has emerged as one of the most discussed events in the digital currency community in recent months.

To be held from 25th to 28th May on Branson’s private Necker Island, little has been known about the conference apart from its available guest list, a factor that has led to speculation as to what the event would seek to achieve since it was first revealed by CoinDesk.

In a new interview, however, Valery Vavilov, CEO of leading event sponsor BitFury and venture capitalist Bill Tai shed new light on the gathering, opening up about its planned schedule and responding to criticism that it is perpetuating negative industry stereotypes.

Tai, who has previously invested in BitFury, sought to dismiss these criticisms, suggesting that the Block Chain Summit first and foremost will seek to attract attention to how decentralized ledger systems might positively impact the world.

Positioning this as a contrast to past conferences, Tai told CoinDesk:

“This is not a conference that’s about the pure technology and it’s not a gathering to try to disrupt governments and

Read more ... source: CoinDesk