The World Economic Forum (WEF) recently published a fairly comprehensive study of Bitcoin Cs (crypto asset), including the underlying blockchain technology. The study simply collects information and data that we have heard before.
The study was written and compiled by the Global Future Council on Cryptocurrencies at the WEF. This study is also the first time about crypto assets by this important board at the WEF.
"The WEF and and the first Global Future Council which focuses on crypto assets published their inaugural study on crypto assets, namely 'Crypto, What Is It Good For? This study is an overview of the use of crypto assets globally. The study also examines its impact on individuals, institutions and society as a whole. The study also contains the views of high-ranking banking officials, non-governmental organizations, including entrepreneurs in the technology sector and a number of investors, "said WEF in a press release.
Sheila Warren who helps the WEF monitor crypto asset blockchain technology commented this move is helping to develop views and leverage innovation to shape a more inclusive future.
"This board will move us towards greater awareness and understanding of the benefits and risks of crypto assets while helping ensure that the benefits are ultimately accessible to the entire global economy," said Warren.
Among the board leaders appointed in October 2020 are Meltem Demirors, CEO of CoinShare and Cuy Sheffield, Head of Crypto at Visa.
This dedicated board is designed to build a community of 30 experts to share their resources and insights with the larger WEF network to advance global understanding of crypto assets.
Meltem Demirors writing on the study emphasized that a meaningful study of Bitcoin and other crypto assets is about imagining what the future holds with this technology.
Whereas Cuy Sheffield stated that our board is focused on finding ways to make crypto assets understandable, accessible and inclusive.
In short, the report covers blockchain technology and crypto assets, such as Bitcoin and Ethereum, including Ripple, Tezos, Celo, Litecoin, Zcash, Filecoin and Arweave.
Then there is an explanation regarding the Layer 2 protocol, namely Bancor, Lightning, Compound Protocol, Uniswap, Etherisc and OMG Network.
Related financial products and services were also mentioned, such as XBT, Deutsche Bank, BitGo, Gemini, Cowrie, Binusu, Metamask, Ripio, Paypal and LocalBitcoins.
Non-financial applications and services include Rally, SuperRare, UNICEF CryptoFund, and the World Food Program.
The full report in PDF format can be download here.