“The Tokenized Future Economy” is part of the WEF this year running from January 16th to the 20th.
Weforum.org formally announced the topic back on January 2nd. The key messages from their annoucement were:
- 2022 was a terrible year for cryptocurrencies, with the loss of $2 trillion in market value.
- We could now see the handover of crypto technology and blockchain infrastructure to more regulated and established institutions
- Cryptography and blockchains will continue to be integral parts of the modern economic toolkit.
The WEF published a guide to encourage development of the crypto-based future economy.
The abstract to the guide starts:
“Collaboratively governed and code-driven, decentralized autonomous organizations (DAOs) are engaged in nothing less than an experiment to reimagine how we connect, collaborate and create.
“Although DAOs today manage billions of dollars’ worth of assets, engage millions of contributors and operate across industries as diverse as finance and philanthropy, basic questions regarding operations, governance, law and policy are only just beginning to be addressed by policy-makers, regulators and entrepreneurs.”
Leaders in economics are messaging that cryptocurrency is here to stay – that a tokenized economy will consume our future financial interactions whether you and I want them to or not. That blockchain will make public and private documents immutable. Adoption of digital assets is underway. [Cointelegraph, WEForum, WEF Report]
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