WEF will now read you your (blockchain) rights

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The World Economic Forum finalized a “blockchain bill of rights.” ConsenSys, Andreessen Horowitz, and Colombia have already signed on. By Jeff Benson. The World Economic Forum is an international organization committed to creating public-private partnerships. Its Global Blockchain Council has been developing this voluntary framework since it first convened in 2019.

“This highly opinionated group came together and agreed that the blockchain community needed the foundational principles we are presenting today,” said Sheila Warren, WEF’s head of blockchain and data policy. “Agreement from across Council members, despite their divergent perspectives, indicates the critical need for a values-based document like this in order to ensure that the technology remains true to its roots as the application layer starts to scale.”

The article describes following:

  • The WEF’s Global Blockchain Council developed a voluntary framework for protecting blockchain users
  • Fifteen institutional signatories have signed the Presidio Principles, including governments, international aid groups, and blockchain-based businesses
  • The next step is to create guidelines for translating the principles into action

The group placed a draft version on GitHub for public comment from April 10 through May 5 before releasing the finalized document on May 22, 2020. The next step is to issue guidelines for different industries on how to incorporate the principles. Good news!

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