Business Working Groups

Business Working Groups (BWGs): are aligned by use case or industry vertical, under the umbrella of a broad business concept (e.g., sustainability, supply chain, trade-finance). All Global Blockchain Business Council (GBBC) members are eligible to participate upon approval into a BWG; voting rights within a BWG are defined by approved IWA procedures. In BWGs, members work together at a business-need level to define their scenario and specific market requirements into a pre-framework draft, then liaison with the Technical Working Groups to input their findings using relevant technical frameworks to define their specifications. BWGs provide important touchpoints for program managers, business professionals, architects, and other roles within member companies to define their unique use case, exchange information, collaborate, and remain state-of-the-art within their companies and industries.

  • DLT Security
    • Chair: Bill Izzo, DTCC
  • Tokenized platforms built on distributed ledger technologies (DLTs) need a more auditable ecosystem for security to ease regulatory burdens. This BWG will contribute to the advancement of leading best practices and the establishment of security standards for DLTs – initially for the financial services sector, although the standards that are created will apply to other industries as well.
  • Global Trade & Supply Chain
    • Chair: Alex Bausch, 2Tokens
    • Vice-Chair: Aljosja Beije, BlockLab
  • Global trade agreements and supply chains are often managed by complex multi-party contracts that must adhere to the regulations of multiple governmental agencies. This BWG will focus on advancement of tokenization in this space, ensuring that all standards support a more regulator-friendly ecosystem – initial focus will be the tokenization of electronic bills of lading but will later broaden to include additional use cases.
  • Sustainability
    • Chair: Darko Pilav, Digital Asset
    • Vice-Chair: John Lee, Accenture
    • Vice-Chair: Cameron Prell, Xpansiv
  • Sustainability use cases are often derailed by the polarization often found among participating groups, which typically hold widely divergent views. This BWG will define a standardized tokenization of key elements, standardized clauses for ledgering templates, and market-driven multi-party analytics – initially in the areas of emissions, offsets, and trade contracts.