Blockchain: The Path Forward

Share on facebook
Share on twitter
Share on linkedin

Image for post

What began just over 10 months ago as high-level conversations around blockchain technology culminated this week with what was arguably the world’s most significant blockchain conference. Hosted by the Organization for Economic Co-operation and Development (OECD) and designed for regulators and industry participants, the OECD Blockchain Policy Forum was the most important discussion around the deployment of blockchain in dozens of industries to date. The OECD is an intergovernmental economic organization committed to democracy and developing best practices across domestic and international policy that lead to improved social, economic, and environmental health on a global scale.

As a premier sponsor for the event, SALT is proud to say that our Co-Founder and Director of Global Strategy, Benjamin Yablon, has not only served as Special Advisor to the OECD for the past year, but also that he had the opportunity to represent SALT this week as a company leading the global conversation around blockchain.

According to Ben, the forum led to three major positive outcomes, all of which illustrate the promise of blockchain and the international community’s ability to work together to fulfill that promise:

“The sheer fact that three heads of state attended the forum speaks to the fact that a broader audience is recognizing the value of blockchain technology,” said Benjamin Yablon. “This level of international participation is unheard of in this emerging space and I’m grateful to both José Ángel Gurría Treviño, Secretary-General of the OECD, and Greg Medcraft, Director of the Directorate for Financial and Enterprise Affairs of the OECD, for allowing me to contribute in an advisory capacity with a platform starting to address the OECD directorate in such a direct way. Our collaborative work is what made this Forum happen.”

Ben is looking forward to continuing to serve as an advisor to the OECD, helping to shape the global narrative around blockchain, and execute on many of the ideas and proposals that came out of this week’s Forum. “There’s more interest and excitement around this topic than you can imagine, and the

Image for post

OECD was the perfect conveyer to have this type of discussion, primarily because the global ecosystem values the OECD as a neutral standard setting body that is uniquely positioned to bring our voices together for the greater good — an environment that others just can’t offer,” he said.

As Ben noted in his panel discussion earlier this week, achieving mass adoption of blockchain technology and digital financial assets will require the development of a taxonomy — an agreed-upon set of terms and definitions that will enable us to speak about these concepts in way that drives understanding and alignment among industry and governmental leaders. “Once we have a true taxonomy, principles-based regulatory frameworks will to start to exist,” Ben noted.

It’s clear from this week’s forum that a lot of progress has been made in the past couple of days, but it’s even more evident that there’s still a great deal of work to be done. It will take years to bring this process to maturity, but as long as we have solid leaders in place to guide discussions, propose solutions, and make decisions, we can feel confident that we’re heading in the right direction.

Share on facebook
Share on twitter
Share on linkedin
Evolution of money

The Evolution of Money

Entrepreneur Jim Rohn famously mused, “Time is more valuable than money. You can get more money, but you cannot get more time.” Mr. Rohn may

Read More