Earlier this year, the BSV blockchain’s Switzerland-based industry association announced the formation of a BSV Global Blockchain Advisory Council with the aim of growing blockchain adoption in various industries across the world.
The Council brings together senior professionals and technology experts from the fields of enterprise, government and academia and saw the following three industry leaders appointed as its inaugural members:
- Dr Basim Zafar – Chairman, Experts Vision Consulting (EVC)
- Dr Mohamed Al Hemairy – Head of Technology Transfer Office, University of Sharjah
- Latif Ladid – Chair, 5G World Alliance and President, IPv6 Forum
While the members of the BSV Global Blockchain Advisory Council may be blockchain-agnostic, in their role as Council members they aim to advise on the education and adoption of BSV at enterprise, government and academic levels.
The BSV blockchain offers low transaction fees, high data throughput and stable protocol, making it the world’s only public blockchain capable of scaling to meet the needs of government and enterprise.
During the recent IEEE Blockchain Symposium in Dubai, the BSV blockchain had a major presence and many professionals and academics building on BSV delivered presentations, keynote speeches and panel discussions,.
After this event, we sat down with Latif Ladid and Dr Mohamed Al Hemairy to speak about the recently formed BSV Global Blockchain Advisory Council and their vision for the global adoption of blockchain.
Improving interoperability and adoption
As an advisory body, the BSV Global Blockchain Council’s main aim is to provide education and guidance to government, enterprise and academia around the potential of blockchain technology implementations and the need to deliver an interoperable, scalable and reliable protocol.
‘This is a really great step for any organisation to have an advisory board from the academia, from the industry and from the government to oversee the high-level plans and roadmap of any corporates implementing blockchain technology and also reviewing their objectives and where they want to be in the next five, four years or the next 10 years,’ Dr Mohamed says.
Ladid likens the formation of the BSV Global Blockchain Advisory Council to the education and advisory activities conducted around the integration of IPv6 into 3G through the 3GPP.
‘This is basically repeating the same example we have achieved with the 3GPP by introducing IPv6 into 3G because at the beginning they wanted to use an old protocol called WAP, Wireless Access Protocol, so that each ISP would be creating its own Internet and not be connected to the Internet at all,’ he says.
‘So here we are, repeating the same thing for a very large killer application for IPv6 because we need that kind of application to do that.’
He believes the same level of communication is necessary to enable the true applications of blockchain technology and achieve a better architecture for the next-generation Internet.
‘By joining the BSV Global Blockchain Advisory Council, we have behind us 80 countries with their own IPv6 councils or IPv6 forum chapters, to get them all in line by saying we’ve done 3G, 4G and 5G – now we need to address blockchain with the same power and the same promotion strategy,’ Ladid says.
Blockchain use cases and IPv6
One of the most important functions of the BSV Global Blockchain Advisory Council will be to address and inspect proposed use cases for blockchain technology and assist governments and companies in selecting the right protocol to solve their respective challenges.
‘Our role here is to provide a vision about the future of the blockchain technology and how it can be better utilised,’ Dr Mohamed says.
‘Which areas have weaknesses? Which areas need more awareness or more effort put in to achieve this goal? We will, in collaboration with other members from the BSV ecosystem and from the industry, try to complete and deliver a comprehensive vision about where these organisations would like to be in the future.’
This is especially true when it comes to educating ISPs and regulators about how the BSV blockchain protocol can be integrated with IPv6 and why standardisation in this respect is crucial to the delivery of the services imagined by the BSV data network protocol’s capabilities.
Ladid, a veteran of the global drive for IPv6 adoption and major proponent for the integration of IPv6 and blockchain technology, shares his hopes for realising this new ‘Internet of value’ architecture through the BSV Global Blockchain Advisory Council.
‘Primarily we talk to governments and to regulators, and then we talk to the industry. We have to show them business models as well as best practises and collect success stories. Obviously, there is a bit of work to be done – it’s not yet done,’ Ladid says.
‘We need to create some pilots to showcase this because there are some new functions that we didn’t use before, and because this is also brand-new for many of us. We know we need to showcase these things, and I think by doing this work in the field in each country around the world, I think in five years’ time there won’t be any difference between using IPv6 and blockchain.’
‘People will understand that the value this association is going to bring to us and from my experience, I’m very optimistic about this approach and I think we will win this one,’ he adds.