BitFury Hosts Secret Block Chain Summit in Middle East

Following the first Block Chain Summit this April – a widely publicized affair held at Sir Richard Branson's private Necker Island, lead event sponsor BitFury has organized a less talked about follow up in the United Arab Emirates.

Though information on the event is scarce, the event is currently ongoing, running from the 7th to 10th October in Abu Dhabi, the capital of the UAE.

According to posts by attendees such as BitFury advisor and former US Department of Justice official Jason Weinstein, the summit will include "informal sessions and discussions" on blockchain technology and its potential global impact.

No further information can be found about the event online, though BitFury did confirm it was hosting unidentified "distinguished guests" for the occasion.

BitFury CEO Valery Vavilov said in a statement:

"The purpose is to continue educating global decision-makers on the power of blockchain technology."

Vavilov suggested the event had already held talks on potential use cases for a public blockchain, how it could be used as a platform for the Internet of Things and whether it could be used to open up "new market opportunities".

BitFury did not disclose further information about the conference, or the reason for the secrecy surrounding the event.

Company representatives were unable to point to resources where more information was available, and at press time, its public communications channels were not promoting the event.

The conference comes on the heels of continued growth for the major bitcoin mining company, which recently announced it would invest $100m in a new 100MW data center to be based in the European nation of Georgia.

Abu Dhabi image via Shutterstock