OECD plans to hold an event to discuss the global impact of blockchain

In order to examine blockchain and its advantages, we have seen how large organizations and regulatory bodies from all over the world make the effort to give field to technology. And this is something that little by little goes more often, because now the Organization for Economic Cooperation and Development is the one who has put his hand on the table to start talking about blockchain.

The Organization for Economic Cooperation and Development (OECD) reported on Wednesday, August 29, that it is considering holding an international conference on blockchain technology scheduled for the month of September .

Specifically, the conference will study the impact of blockchain on government activities , and will feature Angel Gurría, the Secretary General of the OECD, the Prime Ministers of Serbia, Bermuda and the Republic of Mauritius and the Secretary of State of Slovenia when it is held in the headquarters of the OECD in Paris on September 4 and 5. The forum will be broadcast live.

In addition, the event will also be attended by more than 400 senior decision-makers from the public and private sectors.

Those who attend, will do so with the mission of discussing topics related to the impact of blockchain on the global economy, privacy and digital security , as well as discussing the uses of technology to improve the inclusion of countries around the world.

Another interesting aspect of the meeting is that activities related to ecological growth, sustainability and strengthening of governance will be promoted along with technology application practices.

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The press release reads :
"Blockchain has the potential to transform the way a wide range of industries operate. However, fulfilling its potential depends on the integrity of the processes and requires appropriate policies and measures while addressing the risks of misuse in the configuration of management and regulatory frameworks that are aligned with the emerging challenges and promote transparent markets. fair and stable as a basis for the use of technology ".

The OECD Financial and Business Competency Committee issued a document entitled "Block chain technology and competition policy" as part of the preparation for the next conference.

The document points to various blockchain applications for governments and the private sector. It also explains the principles of technology and pays attention to consortia to build platforms based on it, citing R3 as an example.

The report also mentions several cases of the use of technology, including "helping executors to suppress tax evasion and other laws and regulations, support monetary and fiscal policy through sovereign-backed cryptocurrencies, create digital land titles and other registries, to help citizens demonstrate their identity and vote, and to increase the efficiency and transparency of public services. "

He also added use cases to pay pensions and social security, as well as share safe patient information.

The registration of verifiable information is one of the most promising uses of blockchain since technology provides the security that a centralized system can not.

Certainly, this is a brilliant idea, but there are those who remain skeptical while the technology matures enough to charge all that responsibility to a concept that still has to correct faults.

Source: CoinDesk