Colombia, Deloitte, ConsenSys Sign On to WEF’s ‘Blockchain Bill of Rights’
The cryptocurrency industry just gained an organized structure for collaborating with world leaders, thanks to the World Economic Forum.
The opportunity could be substantial for an already fast-growing crypto industry with a current market capitalization currently around $2.3 trillion.
The session will focus on the diminishing role of cash and the emergence of central bank digital currencies, moves accelerated by the pandemic.
The World Economic Forum’s new white paper is meant to act as a toolkit for regulators looking to understand the decentralized finance sector.
The Global Standards Mapping Initiative is the most "comprehensive" attempt so far to survey blockchain technical standards, the WEF said.
The World Economic Forum is working with the Colombian government to see if blockchain-based transparency can help prevent a hotspot for corruption.