World Economic Forum recognizes Blockchain as a Technology Pioneer

UK based bitcoin startup Blockchain was named as a Technology Pioneer by the World Economic Forum for 2016. The World Economic Forum’s Technology Pioneers community recognizes early-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society.

Launched in 2000, The Technology Pioneer community recognizes around 30 companies every year and incorporates them into the Forum’s events, activities and initiatives. In order to bestowed as a tech pioneer by the WEF, an external committee reviews the candidates for innovative technology, potential impact, products and prototypes, viability, and leadership.

For the 2016 selections, tech pioneers were selected from the energy industry, environmental industry, internet services, financial systems, health industry, and food security. Some of the organizations recognized are APX Labs, GlassPoint Solar, Impossible Foods, Slack, Voxel, and others.

Bitcoin Wallet and Transaction Services

Blockchain which operates the popular bitcoin wallet and blockchain explorer Blockchain.info was recognized under the Financial Systems sector, being selected as a tech pioneer for it’s success in the fintech industry helping people globally transact with each other openly and freely using bitcoin.

As part of the WEF recognition, Blockchain CEO Peter Smith made a video embedded below, explaining why Blockchain is innovative and how they are using bitcoin to enable people to do business with each other across borders.

Earlier this year, Blockchain released their updated and improved HD wallet which not only has an improved UI for a better user experience, but also promotes better use of individual privacy through the HD wallet architecture. They also recently announced the work they have been doing on the Thunder Network.

Blockchain has updated Blockchain.com, with a hero message saying “The World Is Now Open For Business.” As part of the update, blockchain is now showing stats directly on their website of how many wallets have been created using their wallet software. At this time, it appears Blockchain has had 7 million wallets created generating 60 million transactions worldwide.

Blockchain is one of the most well funded startups in bitcoin, receiving $30 million in venture capital in 2014.