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Matthew Tompkins · July 22, 2017 · 11:30 am

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The Blockchain Summit, held on British billionaire Sir Richard Bransons private Caribbean island, is hosted

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The Blockchain Summit, held on British billionaire Sir Richard Branson’s private Caribbean island, is hosted by the Bitfury group and Bill Tai. Credit China Fintech is also listed as providing special support.


Now in its third year, the annual event is being held for key global influencers in technology, civil society, democracy promotion, and innovation. It will be held from July 25-29, 2017 on Sir Branson’s private Necker Island. It is not open to the public which, for a summit advocating pro democracy, does give the event an exclusive and isolationist overtone.

Sir Richard Branson

Sir Richard Branson Blockchain Summit 2016

Branson, who hires out the Island, is outspoken on the benefits of Bitcoin and blockchain technology. In 2013 he was among the first to accept Bitcoin payments as a business, by announcing he would accept the currency for his Virgin Galactic enterprise, which would see his company providing trips into space.

According to Valery Vavilov, CEO and co-founder of The Bitfury Group:

A Private Event

The Fight For User Privacy and Anonymity

The island offers accommodations for up to 30 people and can be rented out at US$65,000 a day or US$2,167 per person per day.

There is no mention or promotion of Bitcoin on the Blockchain Summit site making the coin conspicuous by its absence. Bitcoin has allowed people around the world access to global trade, alongside low-cost transactions, which is already revolutionary in finance and pro-democratic in itself.

Not mentioning Bitcoin may indicate a movement to recognizing more closed source proprietary uses of the open source technology. Bitfury operates a major Bitcoin mining pool so it is unlikely that they would wish to see a conflict of interest, indicating they are looking to pivot or further branch out their blockchain solutions.

Idea Exchange

The purpose of the Summit is to explore how blockchain technology can be applied across a broad spectrum of scenarios, from cyber security and economic empowerment to content rights and voting applications.

Among this year’s most notable participants are former Estonian president Toomas Ilves, Peruvian economist Hernando de Soto, Afghan tech CEO Roya Mahboob and EU Parliament member Eva Kaili. An impressive lineup of speakers will also be in attendance, including MIT’s Brian Forde and Michael Casey, Bitpesa CEO Elizabeth Rossiello, and CIVIC founder Vinny Langham.

According to the Summit’s website:

The video below features muted highlights from the 2016 Summit, which, in an age of streaming media, lacks the transparency many have come to expect from events like these. The event, however, looks set to provide blockchain news and information on its usage to those within the industry, helping facilitate the sharing of ideas and cooperation alongside peers whilst also helping to educate business leaders on the latest developments and trends with blockchain usage. Let’s hope it meets its goals.

Do exclusive events like this make you feel separated from the discussion? Are they useful for growing the industry? Could there be more done to keep the discussion open? Tell us what you think in the comments below.


Images courtesy of Forbes, Pixabay, YouTube

blockchain summitblockchain technologySir Richard Branson



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