Blockchain Revolution Series: WEF To Give Blueprint For Decentralised Economy

The World Health Organization (WHO) scheduled a media briefing yesterday to give update the public on the COVID-19 coronavirus pandemic. Lockdowns are not one-size-fits-all, nor a comprehensive solution for fighting coronavirus, the WHO warned.

The term “lockdown” has been a new thing to CoVid-19 vocabulary, but it is often misinterpreted, WHO officials warned at a briefing in Geneva on Wednesday.

As the total reported death cases exceeds day by day due to the deadly contagious virus, almost all businesses have been struggling amid lock down period.

The Economist Intelligence Unit already reckoned the cyclical effects of this pandemic turmoil and revises its baseline forecast for many major economies, especially, with China’s real GDP growth in 2020 is likely to dip to 5.4%, from 5.9% currently and now poses a risk to the global economic outlook.

Hence, the emergence & essentiality of the blockchain technology is felt with an objective of eliminating this growing risk.

WEF's global blockchain council has been attempting to establish the foundations for a decentralized economy. Of late, Blockchain as the technology and Cryptocurrency as the currency system (Digital Asset) have been the two most significant topics that are striking the chord, and heavily discussed in numerous panels and satellite events, including the World Economic Forum (WEF) as well in Davos. Wherein the interview given to Erik Schatzker on the World Economic Forum in Davos, Adena Friedman, the CEO of Nasdaq, has discussed her LinkedIn post titled ‘2020: A Year for Optimism among Growing Concerns’ that emphasizes on global risk, economy and tech-driven factors”.

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