World Economic Forum believes that crypto key technology will remain - blockchain
World Economic Forum believes that crypto key technology will remain - blockchain
The World Economic Forum (WEF) has checked what happened in Krypto in 2022 and made several predictions about the future of the ecosystem. Dante Dispafen, CSO von Circle, explains in an article published for the WEF that in 2022 was a terrible year, but the building blocks of the industry will continue to be "integral components" of modern economic instruments.
The WEF believes in the resistance of crypto
The World Economic Forum (WEF) believes that the catastrophic year 2022 can lead to growth and recovery of the ecosystem for the cryptocurrency industry. A Article written by dante disfecture published on Weforum.org des Wef, explains that the recent decline of FTX and the downfall of the Terra blockchain in 2022 might from consumers-whereby the market lost 2 trillion US dollar in this period - However, this has not changed the core of these technologies that are currently being tested by financial institutions around the world.
On this topic, Disparte explains:
While the underlying technology of cryptography and blockchain can be generalized to all industries and coordinating activities (together the building blocks of Web3), experimentation is carried out unabated in the core of financial services.
In addition, Dispafen Jpmorgan names a company that has developed publicly from a clear opposition to crypto and blockchain to take over the technology in several of its experimental products and to offer crypto for selected customers.
crypto and internet
dispatches takes advantage of a frequently used parable and compares Krypto with other omnipresent technologies such as the Internet and email, which were also used by bad actors for illegal and criminal purposes. According to disputes, it is crucial for crypto to put the weight of malicious actions on the people who use the tools and not on the technology itself.
For the WEF, the best procedure for maintaining crypto and blockchain is to "compensate for their harmful effects by putting technologies (like all tools) in the hands of responsible actors and promoting their responsible use".
In this sense, the author believes that, no matter what happens, a protagonist remains in the financial world and that, although regulation is actually a need to provide countries that are able to provide them and at the same time maintain a competitive approach, to shape the future of the industry. Dispoves come to the conclusion that these technologies will continue to be implemented, despite what he sees as great damage that was done by their irresponsible use.
The WEF is an active organization when it comes to crypto, Start the Crypto Sustainability Coalition in September last year with the aim of using web3 technology to combat climate change.
What do you think about the vision that the WEF has for the future of cryptocurrency and blockchain? Tell us in the comment area below.
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