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The United Nations is smitten with distributed ledger technology (DLT). In a conversation with Cryptox at WEF 2022, United Nations International Computing Centre (UNICC) director Sameer Chauhan explained the “massive opportunities” he sees in cryptocurrencies.A former traditional finance executive and head of the UNICC since 2018, Chauhan has seen the
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The decentralized finance (DeFi) ecosystem continues to struggle with the ongoing market volatility and after-effects of the Terra ecosystem collapse. Over the past week, major DeFi protocols showed signs of increased trading activity, with Uniswap breaching the $1 trillion trading volume mark.Terra remained the focus of most of the discussions
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Excitement for the Metaverse and virtual or augmented reality (VR/AR) is much greater in developing countries than in high-income countries according to a survey conducted for the World Economic Forum (WEF).Market research firm Ipsos released the results of the survey on May 25 showing the concept is now widely recognized:
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The process of introducing a central bank digital currency (CBDC) is fraught with unknowns, some of which were elucidated in a panel of experts gathered Monday at the World Economic Forum in Davos, Switzerland. The panel concluded that good design is key to a successful CBDC, and there are fewer
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The World Economic Forum has become the latest body to comment on the controversial US cryptocurrency tax provision. Expanded Crypto Provision Could Affect Industry Sheila Warren, the WEF’s Head of Blockchain and Digital assets has issued a statement about the expanded crypto tax policy by the US Senate. The WEF executive expressed
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The COVID-19 pandemic has impacted people across the world, yet a new report from the World Economic Forum suggests that women have been one of the hardest hit gender groups. WEF’s “Global Gender Gap Report 2021” found that the pandemic has pushed back gender parity by an entire generation. Specifically, the
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The World Economic Forum (WEF) is designing a global governance framework for the ethical collection and sharing of data, the organization announced Tuesday. WEF’s Data for Common Purpose Initiative (DCPI) is the first of its kind and aims to “responsibly enhance the societal benefit from data” by creating guidelines to ensure
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A study conducted by the World Economic Forum and Global Blockchain Business Council reveals the reasons why the blockchain industry still lacks well-defined standards on the global level.Dubbed the Global Standards Mapping Initiative, the study notes that the gaps, divergence and overlap in the standard-setting landscape of the blockchain industry
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The Global Standards Mapping Initiative is the most "comprehensive" attempt so far to survey blockchain technical standards, the WEF said. Source
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Ashley Lannquist, blockchain project lead for the World Economic Forum, or WEF, explained blockchain has its use cases, but the technology is not without limitations. "I think it is unlikely that blockchain technology will become the underpinning technology of all systems in the future," Lannquist told Cryptox. When asked about blockchain adoption's biggest
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