The Categorization for Economic Co-operation and Development (OECD) announced Wednesday that it devises to host an international conference on blockchain technology next month.
Specifically, the seminar will examine blockchain’s impact on government activities, and will idiosyncrasy OECD Secretary-General Angel Gurría, the prime ministers of Serbia, Bermuda and the Republic of Mauritius and the Phase Secretary of Slovenia when it is held at the OECD headquarters in Paris on September 4 and 5. The forum is prevalent to be livestreamed.
There will also be “more than 400 postpositive major decision-makers from the public and private sectors” present at the meeting.
Attendees leave discuss matters including the potential impact of blockchain on a global thriftiness, privacy and cybersecurity, as well as how to use blockchain to enhance inclusiveness. They last wishes as also promote green growth, sustainability and strengthen governance and enforcement practices.
“Blockchain has the capacity to transform how a wide range of industries function. Fulfilling its potential, in whatever way, depends on the integrity of the processes and requires adequate policies and measures while speech the risks of misuse. Governments and the international community will play a expressive role in shaping policy and regulatory frameworks that are aligned with the emerging confronts and foster transparent, fair and stable markets as a basis for the use of blockchain,” the story release says.
Earlier this summer, OECD’s Directorate for Fiscal and Enterprise Competition Committee issued a paper titled “Blockchain Technology and Tournament Policy” in preparation for the coming conference. The paper points at various practices of blockchain technology for governments and the private sector. It also explains the conscience on principles of blockchain and pays attention to consortia for building blockchain platforms, citing R3 as an benchmark.
The paper mentions a number of use cases for the technology, including “helping enforcers to clasp down on avoidance of tax and other laws and regulations; to support monetary and pecuniary policy via sovereign-backed cryptocurrency; to create digital land titling and other registries, to pinch citizens prove their identity and vote, and to increase the efficiency and transparency of segment services.”
It also added use cases for paying pensions and social custodianship, as well sharing secure patient information.
OECD image via Flickr
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