Ripple Labs is proud to announce that we have been named one of the World Economic Forum’s “Technology Pioneers” for our innovative distributed ledger technology.

The Technology Pioneer award recognizes companies around the globe for their demonstrated ability to innovate groundbreaking technology and develop solutions with the potential to transform the future of business and society. This year, 49 technology companies were selected. Previous winners include: Airbnb, Dropbox, GitHub, Google, Nest Labs, Mozilla and Twitter.

Technology Pioneers 2016 gain access to the most influential and sought-after business and political network in the world, and are invited to attend the Annual Meeting of the World Economic Forum to be held in Davos, Switzerland from January 20-23, 2016.

“We are thrilled to be selected among the world’s most innovative companies in technology and to participate in such a well-established community of technology leaders,” said Ripple Labs co-founder and CEO Chris Larsen. “Our mission is to modernize payments infrastructure so money can move as easily, freely and transparently as information moves on the Internet today. We’re pleased to know that many of the world’s economic leaders share a desire to fulfill this vision.”

See also: World Economic Forum Report: The Rise of Non-Traditional Payment Systems

“We’re glad to see a distributed ledger company make it to the selection,” says Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum. “Ripple Labs is part of a group of entrepreneurs who are more aware of the crucial challenges of the world around them, and who are determined to do their part to solve those challenges with their company.”

The award will be officially given at the ninth Annual Meeting of the New Champions in Dalian, China on September 9-11, 2015.

The Technology Pioneers were selected from among hundreds of applicants by a selection committee of 68 academics, entrepreneurs, venture capitalists and corporate executives. Notable members of the committee include Arianna Huffington (founder, Huffington Post) and Henry Blodget (editor-in-chief, Business Insider). The committee based its decisions on criteria including innovation, potential impact, working prototype, viability and leadership.

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