Blockchain experts who convened for a three-day conference plana campaign to fight misconceptions about the technology, which theysay is unfairly perceived as insecure and susceptible to criminalactivity.

Attendees at the conference, called the Muskoka Group, alsoagreed last week to conduct research to advance the blockchain anddevelop a strategy for government leaders to adopt the technology.The group also will seek to show that the blockchain can be appliedbeyond financial services and offers more than just opportunitiesto save money.

Don Tapscott, co-author of the book “Blockchain Revolution,”hosted the meeting with his son and co-author Alex Tapscott at hisfamily's summer compound in Lake of Bays, Ontario. The groupincluded some of blockchain's biggest backers, including peoplewith ties to IBM and JPMorgan. They considered ways to improve thegovernance and oversight of the technology behind the digitalcurrency bitcoin as a way to fuel the industry's growth.