• Coronavirus shows blockchain is needed
    Technology

    WEF: Coronavirus proves blockchain is needed

    Blockchain solves ‘a key technology problem’ in making supply chains more visible and resilient

    The disruption of supply chains worldwide by coronavirus shows blockchain is needed as a tool of trade, according to the World Economic Forum.

  • Accompanies an article on the World Economic Forum
    Cryptocurrencies

    WEF group wants to write the rules for digital currencies

    Facebook’s Libra proposal forced central bankers to wake up to the need for a common set of rules governing stable coins and other cryptocurrencies

    The World Economic Forum has established a global consortium focused on creating a framework for the governance of digital currencies, including government-backed stablecoins pegged to an underlying asset, such as the yen, euro or the U.S. dollar. 

  • 1.5 billion to use digital currency by 2023
    Cryptocurrencies

    A fifth of the world’s population to use CBDCs in 3 years, says BIS

    The Bank for International Settlements surveyed 66 of the world’s central banks

    The Bank for International Settlements, a consortium of banks based in Basel, Switzerland, polled 66 central banks last year. The results? One fifth of the world's population will use central bank digital currencies by 2023. CBDCs are a new type of digital money. They can be used for interbank settlements or as a type of general purpose “digital cash,” meant as a stand in for regular bank notes.

  • A WEF initiative may soon let you see what companies are lying about their environmental record via the blockchain (via Pixabay).
    Technology

    WEF project will use blockchain to expose corporate ‘greenwashing’

    The World Economic Forum’s Global Ledger project seeks to bring sunshine to businesses’ environmental promises

    A new initiative announced Tuesday by the World Economic Forum seeks to use blockchain technology to prevent “greenwashing” by companies that make public promises to improve their environmental credentials.

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