Blockchain’s Backers Gather to Push Governance for Technology
- Better oversight could hasten growth, as it did for internet
- ‘None of that exists, or it’s very embryonic,’ organizer says
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Some of blockchain’s biggest backers, including people with ties to IBM and JPMorgan, will gather Wednesday to work on the biggest issue hobbling the technology behind digital currency -- the absence of grown-up governance.
While growth of the internet was fostered by bodies such as the Internet Engineering Task Force, the Internet Governance Forum and the Internet Corporation of Assigned Names and Numbers, the blockchain technology that makes the bitcoin digital currency work lacks such support.