The World Economic ForumThe cryptocurrency working group released its inaugural review on Thursday – the first step in communicating about the application of digital assets in the financial world and beyond.
In a 38-page report, the Forum’s Global Future Council on Cryptocurrencies highlights the various use cases of digital assets “beyond price and speculation”. The Foreword, written by CoinShares’ Meltem Demirors and Visa’s head of crypto Cuy Sheffield, states:
The Council has […] created this booklet to highlight a non-exhaustive list of companies, protocols and projects that represent the diversity of usage scenarios that enable cryptocurrencies and the networks they can use. “
Dozens of cryptocurrencies are listed in the report via one-page summaries of project goals, implementation strategy, and key metrics. The projects are divided into four categories: base layer crypto assets, second layer protocols, financial products and services and non-financial applications and services.
Some of the non-financial uses mentioned in the report include UNICEF CryptoFund and the World Food Program.
The invitation-only board is made up of 30 representatives from various industries and includes members who do not share any unified representation of digital assets. Brad Garlinghouse, Joseph Lubin and Catherine Coley are among the members.
On its official website, the Council says it intends to “work on technical knowledge products for regulators and policymakers to inform better governance, capacity-building initiatives and other projects …”
The World Economic Forum has broadened its research on digital assets. Last month, the Forum released a report promoting blockchain technology as a cornerstone of environmental and social responsibility.