An annual conference organised by World Economic Forum took place in Davos (Switzerland) between 16th-19th of January 2023.
As every year a bunch of very mighty men gathered in one place to decide how the future of the rest people in the world will look like.
The Agenda of WWE conference was quite voluminous and contained branches such:
Agriculture, food and beverage; blockchain; circular economy; cities and urbanization; diversity and inclusion; economic progress; emerging technologies; energy transition; financial and monetary systems; heath and healthcare; manufacturing; mobility; Ocean; the Digital Economy; trade and investment.
I'd like to focus on two or three of them, mainly refering to blockchain, cryptocurrency, and economy.
As we can all see, blockchain techs and cryptos made so a big impact, that even the mighty men of this World have turn their eyes to it.
Do they see a possibilities or hazards for World order made by them?
Lets take a look, on what I found entering the Blockchain tab:
"OUR MISSION
Helping digital ledger technology reach its full potential.
The World Economic Forum is committed to helping ensure that blockchain securely decentralizes the transfer of information in ways that reduce corruption, increase trust, and empower users.
We aim to work with partners and members to guarantee that everyone, including the most marginalized members of society, can benefit from both blockchain and the cryptocurrencies that are potential gateways to new wealth creation."
Under this statement we preety fine movie spots and quite intresting articles.
The one titled: "Crypto mining can retire fossil fuels for good. Here’s how", cocerns about blockchains and cryptocurrencies based on proof of work consensus (like Bitcoin) and the way they are mined.
It admonishes about a huge energy amounts that are consumed during mining, and considers the ways how to reduce the costs and carbon footprints.
The main proposal is to establish a legislation that will promote the renewable energy sources mining and limiting a fossil energy sources mining.
That goal will be archevied by use of proper legislation rules created and executed by government agencies.
The article is also mentioning about possibilities of using blockchain technologies at space industry, wchich seems to be very intresting solutions.
Other subjects wchich touches the blockchain and cryptocurrency implementations in industry and financial products we can find in articles named:
"The Macroeconomic Impact of Cryptocurrency and Stablecoins",
"5 key points from the Financial Stability Board’s review of crypto assets", or
"Sanctioning a cryptocurrency protocol: What does that mean for Web3?".
Most of articles mention the necessity of introducing a particular and strict regulations of cryptocurrencies and crypto assets, and this topic is so wide, that I'd like to put in separate article.
Moreover, refering to the same conference, the Davos was visited by many blockchain's companies representatives, like Circle, Hedera, Ripple and others as a lobbysts. So, in my opinion its always worth of getting to know, what people guests the WWE meetings and how their businesses are going.
Well, the fact that such blockchain and cryptos were considered at Davos Conference, shows its powerful influence in our life, and I'm sure it will last for a long time.
