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For Daniela Barbosa — normal supervisor of blockchain, healthcare and identification on the Linux Foundation and government director of Hyperledger — digital currencies and cryptocurrencies have made it among the many massive banks on the World Economic Forum in Davos. In an interview with Cointelegraph shot in opposition to the backdrop of the Swiss Alps, Barbosa defined that within the few years she has attended the WEF, the presence of cryptocurrency firms has steadily grown. What’s extra, we shouldn’t be afraid of central financial institution digital currencies (CBDCs).“CBDCs are [a]natural evolution of digital dollars and digital currencies.”While the WEF noticed calls from some bankers for a CBDC rollout to decelerate, Barbosa defined {that a} CBDC could possibly be with us on this decade. Hyperledger’s work overlaps that of CBDCs, significantly in gentle of a partnership with the Digital Dollar Project. The nonprofit group seeks to additional the analysis right into a U.S. CBDC. The key to CBDC implementation, nevertheless, is in succeeding with “privacy-preserving methods.”An advocate for digital identification, privateness and “having control of your data,” Barbosa additionally shared the story of how she obtained into Bitcoin whereas residing in San Francisco and dealing for Dow Jones within the mid-2010s.“I did go to a [Bitcoin] meetup once and I was older than everybody else and also female—and I thought, maybe this is not for me?”Fortunately, Barbosa saved abreast of Bitcoin and the market when time allowed earlier than becoming a member of HyperLedger, an enterprise blockchain solutions-based firm, in 2016. Related: UN company head sees ‘large alternatives’ in crypto: WEF 2022While blockchains can generally be touted as a catch-all resolution, Barbosa defined that generally blockchains should not the perfect state of affairs and “should not be used.” Many blockchain use circumstances in 2016 and 2017, for instance, wished the “media to pay attention.” In 2022, a blockchain works when:“You want to use a distributed ledger when you have multi parties that are working together—you don’t want to have to create another middle layer than helps disintermediate all the assets going around.”HyperLedger now covers all the things from prescription drugs to finance whereas its blockchain options sort out local weather change. 

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For Daniela Barbosa — normal supervisor of blockchain, healthcare and identification on the Linux Foundation and government director of Hyperledger — digital currencies and cryptocurrencies have made it among the many massive banks on the World Economic Forum in Davos. 

In an interview with Cointelegraph shot in opposition to the backdrop of the Swiss Alps, Barbosa defined that within the few years she has attended the WEF, the presence of cryptocurrency firms has steadily grown. What’s extra, we shouldn’t be afraid of central financial institution digital currencies (CBDCs).

“CBDCs are [a]natural evolution of digital dollars and digital currencies.”

While the WEF noticed calls from some bankers for a CBDC rollout to decelerate, Barbosa defined {that a} CBDC could possibly be with us on this decade.

Hyperledger’s work overlaps that of CBDCs, significantly in gentle of a partnership with the Digital Dollar Project. The nonprofit group seeks to additional the analysis right into a U.S. CBDC. The key to CBDC implementation, nevertheless, is in succeeding with “privacy-preserving methods.”

An advocate for digital identification, privateness and “having control of your data,” Barbosa additionally shared the story of how she obtained into Bitcoin whereas residing in San Francisco and dealing for Dow Jones within the mid-2010s.

“I did go to a [Bitcoin] meetup once and I was older than everybody else and also female—and I thought, maybe this is not for me?”

Fortunately, Barbosa saved abreast of Bitcoin and the market when time allowed earlier than becoming a member of HyperLedger, an enterprise blockchain solutions-based firm, in 2016.

Related: UN company head sees ‘large alternatives’ in crypto: WEF 2022

While blockchains can generally be touted as a catch-all resolution, Barbosa defined that generally blockchains should not the perfect state of affairs and “should not be used.” Many blockchain use circumstances in 2016 and 2017, for instance, wished the “media to pay attention.” In 2022, a blockchain works when:

“You want to use a distributed ledger when you have multi parties that are working together—you don’t want to have to create another middle layer than helps disintermediate all the assets going around.”

HyperLedger now covers all the things from prescription drugs to finance whereas its blockchain options sort out local weather change. 

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