Circle, Ripple and Hedera reflect on the crypto and blockchain dialogue inside the World Economic Forum in Davos.
The likes of FTX, who had a stall at the conference last year, were nowhere to be seen. Instead, blockchain infrastructure providers like Filecoin and Hedera had a notable presence, alongside the likes of Circle. Other firms maintained a presence outside the conference at their own event, like CV Labs’ Blockchain Hub and, at Davos' Hotel Europe, GBBC’s Blockchain Central.
“If you think about the two parallel tracks, the industry pushing the agenda outside on the street, around Davos and around the region and then what’s going on inside. That infiltration over time, why it’s important, why regulators and banks need to talk about it, and why it should be a broader topic than just what’s happening at a night cap here or a panel there along the promenade.”
Entwistle said the “general thrust” of crypto conversations inside the WEF Annual Meeting was focused on why the industry exists and what it’s building. For Ripple, that has been cross-border payments and liquidity provision. Other crypto proponents have been driving conversations around blockchain-based CBDCs and carbon credit initiatives.
What remains to be seen is whether the cryptocurrency and blockchain space will continue to camp out along the promenade in the years to come. Entwistle thinks that may well be the case, given the proximity and ability for the sectors to intermingle, stating, “I would expect that Web3, crypto, blockchain, if we do our job and convince the world that we are actually needed, and we certainly believe we are, that we’ll have a place at the table for a long time here.
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