Blockchain can seem complicated and a little impenetrable, which is ironic as one of the core tenets of this technology is its openness and transparency. How does blockchain work? Blockchain allows consumers and suppliers to connect directly, removing the need for a third party such as a bank.
How is the World Economic Forum promoting the responsible use of blockchain? The World Economic Forum's Platform for Shaping the Future of Blockchain and Digital Assets ensures equity, interoperability, transparency, and trust in the governance of this technology for everyone in society to benefit from blockchain’s transformative potential.
However, many others see the hype around this technology as something of a bubble in and of itself. Whether blockchain will completely disrupt and upend the financial industry or instead be co-opted by the very institutions it was designed to exclude, is truly anyone’s guess.
After a turbulent 2022, blockchain and stablecoins are coming back into the limelight — this time with the involvement of major financial institutions. This marks a step-change in the world of finance, and is set to fundamentally alter how we exchange value. The coming change could be just as disruptive as the emergence of the internet.
The technology trio of spatial computing, blockchain and AI are converging to reshape how we interact with the digital world —and each other. Here's how.
Data storage solutions driven by #blockchain can enable universities to create a more secure, inclusive and collaborative future for #research and #education.
Strengthening compliance measures and improving transparency will be crucial in addressing these concerns, experts say. Despite these challenges, as blockchain technology advances and financial institutions continue to embrace digital assets, stablecoins are poised to play an increasingly significant role in global financial systems.
