The World Economic Forum (WEF) announced the formation of six separate “fourth industrial revolution councils” to work on new technology policy guidance, according to a press release shared with Cointelegraph on May 29. Per the release, the councils intend to help regulators regulate artificial intelligence, autonomous mobility, blockchain, drones, internet of things and precision medicine. The boards — allegedly composed by over 200 leaders from the public and private sectors, civil society and academia — will also gather regularly to address the absence of clearly defined rules. The announcement notes that the councils met for the first time today at …

The World Economic Forum (WEF) has teamed up with over 100 global supply chain and logistics leaders to standardize blockchain apps in the industry, the organization announced on May 1. The WEF, a Switzerland-based organization whose motto is commitment to “improving the state of the world,” has announced a new project called “Redesigning Trust: Blockchain for Supply Chains.” The project aims to form a broad multi-stakeholder community to co-develop interoperable blockchain applications in the logistics industry and to leverage an open-source toolkit to deploy blockchain responsibly, eliminating the hype around the technology. According to the press release, over 20 governments, …

The World Economic Forum (WEF) released a report about blockchain cybersecurity on April 5. The report points out that most data breaches do not result from the level of skill of the hackers, but instead happen because appropriate security measures often are not implemented. The WEF further claims that while attackers do compromise blockchains themselves, they much more often try to exploit or compromise their deployment. The WEF references the data breach of retail giant Target, which lead to both the CEO and chief information officer being fired, also mentioning that the director of the United States Government Office of …

This year’s World Economic Forum (WEF) Annual Meeting has finished, and it’s time to recap the highlights. The forum — held in Davos, Switzerland, as per tradition — lasted from Jan. 22 to 25. Similar to the last year, cryptocurrencies were one of the major talking points in Davos. In general, it seems that the “Blockchain before Bitcoin” attitude prevailed this time, as the overall positive outlook on the technology coincided with a significant portion of crypto-bashing. WEF announced Global Council on Blockchain, co-chaired by BitPesa founder As one of the most important takeaways from the forum, the WEF appointed …

The World Economic Forum (WEF) has appointed the CEO and founder of BitPesa, Elizabeth Rossiello, to serve as one of two co-chairs of the Global Blockchain Council, according to a press release published Jan. 24. At the WEF Annual Meeting 2019 in Davos, Switzerland this week, Rossiello is reportedly working with both industry experts and the Council’s thirty members — spanning ministers and heads of regulatory agencies, CEOs and representatives from the civil and technological spheres — to determine the agenda and foremost priorities for the Council. The work following this initial meeting will come to a conclusion with the …

40 percent of institutional investors believe blockchain may be the most important innovation since the internet, according to a survey by trade association the Global Blockchain Business Council (GBBC), shared with Cointelegraph Jan. 24. The opinions of 71 investors, which the GBBC quizzed about blockchain this month and last, were revealed at the ongoing World Economic Forum (WEF) in Davos, Switzerland. The GBBC’s findings revealed that 40 percent of institutional investors that responded to its survey think blockchain “could be the most transformative technology since the internet.” In addition, just under a third of investors interviewed believed businesses would need …

The head of the Hong Kong Stock Exchange (HKEX) has addressed queries about initial public offering (IPO) listings amid confusion over Bitcoin mining giant Bitmain’s application. English-language newspaper South China Morning Post (SCMP) reported the comments on Jan. 24. Speaking at the ongoing World Economic Forum (WEF) in Davos, Switzerland, HKEX CEO Charles Li Xiaojia said that it was important IPO candidates were consistent about their business offerings. “If a company made billions of US dollars through Business A, but suddenly said it will do Business B without showing any performance, or said Business B is better, then I don’t …

World Wildlife Fund-Australia (WWF-Australia) has announced the launch of a supply chain tool that uses blockchain to allow businesses and consumers to track food items, according to a tweet today, Jan. 17. The platform, dubbed OpenSC, is the product of a partnership between WWF-Australia and BCG Digital Ventures (BCGDV) — the global corporate venture, investment and incubation arm of United States-based Boston Consulting Group. According to a post on the WWF site, the system allows both businesses to track products they produce, and consumers to view the origins of said products via a “unique blockchain code at the product’s point …

Digital invoicing startup Tradeshift CEO Christian Lanng countered “hype” over blockchain’s role in supply chains Wednesday, September 19, telling CNBC the technology “wasn’t ready yet.” In an interview at the World Economic Forum in Tianjin, China, Lanng highlighted the use cases for blockchain in areas such as identity and certifications, but argued supply chains were too much of a challenge for the technology in its current state. “If you want to have authenticity, if you want to know where it is sourced, that it is done in a responsible way [...] [blockchain] is a great technology to manage that kind …

The World Economic Forum (WEF) foundation has outlined more than 65 blockchain use cases for solving the “most pressing” environmental challenges, in a report published September 14. In the report, titled “Building Block(chain)s for a Better Planet,” the Switzerland-based WEF has highlighted a large number of blockchain applications that could be used to help solve the world’s most pressing environmental challenges. The proposed applications, according to the WEF, can enhance the environment protection efforts in several ways, such as new financing models for environmental outcomes, the realization of non-financial value and natural capital, outlining more efficient and cleaner decentralized systems, …

Distributed ledger technology (DLT) such as blockchain could generate $1 trillion in new trade over the next ten years, a joint report from the World Economic Forum (WEF) claims Thursday, September 13. The report, ‘Trade Tech – A New Age for Trade and Supply Chain Finance’, published in collaboration with Bain & Company, evaluates DLT prospects within the global trade finance industry. Long an area of increasing focus for innovation, trade finance continues to rely on legacy technology, with multiple blockchain-based initiatives now dedicated to increasing efficiency. “Distributed ledger and other technological innovations promise groundbreaking advances in trade and supply …

Former US Secretary of State John Kerry has said cryptocurrency is a topic at the World Economic Forum (WEF) “because it has value,” talking to Cointelegraph. In exclusive comments to Cointelegraph, which is attending the currently ongoing event in Davos, Kerry appeared unsurprised that Bitcoin and Blockchain had become a major talking point in global financial circles. “People are investing in it, it’s serious amounts of money and it’s got value so it’s going to be talked about,” he said. The response comes as cryptocurrency receives more and more regulatory attention and associated publicity across the world. Amid mixed signals …