The World Economic Forum may not be ready to lead the block chain revolution


nnnThe World Economic Forum (WEF) recently released a white paper to explore the block chain technology in depth, hoping to provide guidance for existing organizations to cooperate in this area. But from its executives’ remarks, WEF is not going to lead the block chain revolution, mainly because of its many members of the technology is not yet deep understanding, and there are many aspects of the need for further exploration.n
nnTranslated by: Inan
nThe World Economic Forum (WEF) has just begun researching in the block chain, and its managing director has already explored a more closely integrated approach.n
nWEF is a nonprofit international organization with members of more than 1,000 large companies worldwide. It is currently focusing on the establishment of a block chain working group, which last week published the first in-depth white paper on how to expand the impact of the technology as much as possible.n
nHowever, after the release of the white paper, WEF Managing Director Richard Samans also admitted that many of the members of the organization still need to learn more, although some other aspects of the project have been carried out.n
nSamans told CoinDesk:n
nn”Many of the members of the leadership are not familiar with the block chain, and in fact they may know the term, but they do not know where the technology is now used and how it will be applied to society as a whole.n
nnThe white paper was written by Don Tapscott and Alex Tapscott, co-founders of the Blockchain Research Institute. On the face of it, the white paper is designed to provide a framework that guides existing alliances, private companies and governments to work together to maximize the potential for a trusted shared transaction book.n
nStill, Samans says some of the top executives at WEF still need to know more about how to use this technology for the benefit of society.n
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nRichard Samansn
nSamans said:n
nn”There is also a benefit to publishing this white paper for our special community, that is, raising awareness of the block chain and reminding you that you need to think about it.”n
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nBlock chain competitionn
nThe key to this learning curve is the two major groups of the World Economic Forum.n
nThe first is the recently established Global Future Council on the future of the block chain, which includes Hyperledger Executive Director Brian Behlendorf, R3 Chief Technology Officer Richard Gendal Brown and Everledger Chief Executive Officer Leanne Kemp.n
nThe second is the Fourth Center for the Fourth Industrial Revolution, which was established in October last year, aimed at seeking a new approach to cross-industry mobilization of multi-stakeholder groups. Its partners include Salesforce, Kaiser Permanente, Palantir Technologies and SAP, and have been researching new ways to apply AI, civil unmanned aerial vehicles, distributed books and other technologies.n
nAccording to Samans, the block chain itself is well suited to the center’s multi-stakeholder model, which “can improve the prospects for this technology.”n
nHowever, whether such progress can depend on whether its members can quickly understand the technology and whether the chain-chain developers want such central oversight.n
nSamans concludes:n
nn”We are also a platform to further promote the partnership, there are already some very interesting block chain use cases, but are still in the early stages, need to explore whether they are related to the development or economic operation.”n

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