WEF Studied Global Standards for Blockchain Development and Regulation

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ВЭФ изучил глобальные стандарты разработки и регулирования блокчейна

World Economic Forum (WEF) and Global Blockchain Business Council released a report, dedicated to the study of blockchain development and regulation in the world.

The Global Standards Mapping Initiative (GSMI), According to organizations, The most “comprehensive” attempt explore the technical standards for blockchain development. GSMI compares the data more 30 organizations, setting technical standards, 185 jurisdictions and almost 400 industry groups.

The authors of the report tried to give an idea of ​​the current situation in the blockchain industry by comparing initiatives on technical standardization, identification of gaps in this area and determining the following steps for the industry. The initiative is designed to serve as a resource for the development of the industry by combining industry trends and providing "guidelines oriented to the actions of recommendations" for state and private sectors.

“The industry is developing and scale. However, there are several questions, crucial for the success or failure of the blockchain ".

Researchers studied various problems of the region, eg, the need to increase the level of knowledge about technology among regulators, Fragmentation of approaches in different jurisdictions and premature standardization. The findings of the report include fears regarding terminology and the selection of technical design for the distributed registry technology (DLT), as well as regulatory clarity and recommendations for global players.

MIT Media Lab participated in the study of the study, Accenture, Linux Foundation. Hyperledger, ESG Intelligence, Global Digital Finance, ING Group, Six Digital Exchange and Milken Institute.

According to the July report, published World Economic Forum, New technologies, Including blockchain, able to stimulate the growth of economies through "friendly to nature" solutions. According to researchers, Environmental solutions can create 395 millions of jobs and to 2030 year to offer business opportunities for $10.1 trillion.