WEF report calls for global standards on blockchain

Authors say it is time for ‘global action’ in fostering fintech innovation

Fintech

According to the World Economic Forum (WEF), the world should embrace blockchain and work towards designing global standards to govern its use.

The WEF published its first comprehensive report on the new technology at its biannual meeting on June 28, held in Dalian, China.

The report analyses how a distributed blockchain network could be integrated into the global economy, evaluating what steps should be taken to make sure it is a safe addition to the global financial infrastructure.

“This

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.