Mathisen Marketing

Your Marketing Blog

World Economic Forum Believes Crypto Will Remain Key Technology – Blockchain Bitcoin News

world economic forum wef

As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

The World Economic Forum (WEF) has assessed what happened in 2022 in cryptography and made several predictions about the future of the ecosystem. Dante Disparte, Circle’s CSO, states in an article for WEF that while 2022 has been a terrible year, the industry’s building blocks will continue to be “essential parts” of the modern financial tool.

WEF believes in the sustainability of crypto

The World Economic Forum (WEF) believes that 2022, a disastrous year for the cryptocurrency industry, could lead to growth and revival of the ecosystem. An article written by Dante Disparte on WEF’s weforum.org explains that while the recent collapse of FTX and the collapse of the Terra blockchain affected millions of consumers in 2022 – the market lost $2 trillion in that time – this has not changed. The core of these technologies, which are currently being tested by financial institutions around the world.

On this topic, Disparte explains:

Although the technology behind encryption and blockchain can be generalized to all industries and coordinating activities (collectively the building blocks of Web3), experimentation in, for example, the core of financial services continues steadily.

In addition, Disparte cites JPMorgan as an example of this, which has publicly turned from its clear opposition to crypto and blockchain to adopting the technology in several of its experimental products and offering crypto to select clients.

Crypto and the Internet

Drawing on a commonly used analogy, Disparte compares crypto to other ubiquitous technologies such as the Internet and email, which have also been used by bad actors for illegal and criminal purposes. According to Disparte, focusing malicious activities on the people using the tools, rather than the technology itself, is key for crypto in this period.

For the WEF, the best way to preserve crypto and blockchain is to “offset their harmful effects by placing the technologies (like all tools) in the hands of responsible actors and encouraging their responsible use.”

In this sense, the author believes that crypto, regardless, will remain a protagonist in the financial world and that while regulation is indeed necessary, the countries that are able to provide it while maintaining a competitive approach will shape the future of the industry. Disparte concludes that the deployment of these technologies will continue despite what he sees as the great harm caused by their irresponsible use.

The WEF has been an active organization regarding crypto and launched the Crypto Sustainability Coalition in September of last year with the goal of using Web3 technology to combat climate change.

What do you think of WEF’s vision for the future of cryptocurrency and blockchain? Let us know in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency provider in Venezuela. He describes himself as a late-game entry into the cryptosphere when the price surge occurred in December 2017. Having a background in computer technology, living in Venezuela, and having an impact on the societal level of the cryptocurrency boom, he offers a different perspective. about crypto success and how it helps the unbanked and underserved.

The authors of the picture: Shutterstock, Pixabay, WikiCommons, Boris-B / Shutterstock.com

Disclaimer: This article is for information only. It is not a direct offer or solicitation of an offer to buy or sell, or an endorsement or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damages or losses caused or alleged to be caused by or in connection with the use of or reliance on the content, goods or services mentioned in this article.



Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts

  • Record-Breaking 164 Million Daily Transactions, Market Cap Reaches $2.9 Billion

    Record-Breaking 164 Million Daily Transactions, Market Cap Reaches $2.9 Billion

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase In a groundbreaking achievement, the crypto industry has witnessed a record-breaking 164 million daily transactions, with the market cap reaching a staggering $2.9 billion. This unprecedented surge in daily transactions is a testament to the growing popularity and adoption of…

    Read More

  • Ethereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH

    Ethereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase Ethereum, the second-largest cryptocurrency by market capitalization, is currently facing market tremors after Celsius Network, a cryptocurrency lender, offloaded a staggering $1 billion worth of ETH (Ethereum) tokens. The move by Celsius Network has raised concerns among investors and market…

    Read More

  • Binance Smart Chain (BSC) Market Cap Hits New Milestone, Registering 48% QoQ Surge

    Binance Smart Chain (BSC) Market Cap Hits New Milestone, Registering 48% QoQ Surge

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase Binance Smart Chain (BSC) has been making waves in the cryptocurrency world, and its market cap has recently hit a new milestone, registering a 48% quarter-over-quarter (QoQ) surge. This impressive growth is a testament to the increasing popularity and adoption…

    Read More