Copy link
Increase text size
Decrease text size
Link copied

World Economic Forum forms blockchain policy council to address governance gaps

Image by Newsroom

Thu, 30 May 2019, 10:43 am UTC

The World Economic Forum’s Center for the Fourth Industrial Revolution has formed six councils to work on new technology policy guidance.

In its press release, the boards aim to address governance gaps in the areas including autonomous driving, precision medicine, drones, internet of things (IoT), artificial intelligence (AI), and blockchain and the absence of clearly defined rules.

The council is reportedly composed of more than 200 leaders from both private and public sectors, civil society, and academia. The press release also noted that their meeting held last Monday at the Forum’s Centre for the Fourth Industrial Revolution Network in San Francisco was the members’ first assembly.

According to VentureBeat, among the co-chairs are Microsoft President Brad Smith, Sinovation Ventures CEO and Google China former President Dr. Kai-Fu Lee, Qualcomm President Cristiano Amon, World Wide Web Foundation CEO Adrian Lovett, and Uber CEO Dara Khosrowshahi.

“We believe that that this bottom-up, societally-focused approach can help to build and maintain public trust in the technologies while strengthening the evidence base on which policy decisions are made by governments and companies,” said Richard Samans, Managing Director and Head of Policy and Institutional Impact, WEF.

The council aims to allow cross-country exchange of policy and regulatory experience, address gaps in public policy or corporate governance, shape a common understanding of best and good policy practices, and provide strategic guidance.

Meanwhile, the International Organization of Securities Commission (IOSCO), which regulates over 95% of the world’s securities markets in more than 115 jurisdictions, is seeking feedback on a consultation paper on regulation crypto-asset trading platforms (CTPs). The paper tackles the identified risks and issues of CTPs, which include access to trading platforms, safeguarding investors’ assets, conflicts of interest, operations, market integrity, price discovery, and technology.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $6,771.25 (+8.33%)
  • Ethereum (ETH) $139.35 (+6.20%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $232.13 (+7.14%)
  • Bitcoin SV (BSV) $175.78 (+8.83%)
  • Bitcoin (BTC) $6,771.25 (+8.33%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.