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The World Economic Forum creates the "Blockchain Rights Declaration" proposal


The Global Blockchain Council, an agency of the World Economic Forum, is currently working on the drafting of a "Blockchain Bill of Rights: Design Principles for a Decentralized Future." It is a proposal that aims to align private sector leaders, policy makers and consumers with a fundamental vision of how users can and should protect themselves as blockchain technologies are developed.

A first draft of the document will be presented at the annual meeting of the World Economic Forum, held in Davos, Switzerland, from January 21 to 24. Major players currently operating in the ecosystem participated in its project, such as Consensys, Deloitte, CoinShares UK, Foundation, Accenture, ING Group, Bitfury and ZCash, as well as the Blockchain Research Institute, MIT, Imperial College London and the World Program United Nations food.

The debate for the creation of the material will focus mainly on aspects related to the protection of blockchain users, taking into account their rights. This includes the right to own and manage data, as well as the right to protection of that data, the right to information about the system and the right to understand the resources available.

The idea is that the main participants in the ecosystem establish the minimum standards of operation and implementation of a blockchain. This is based on the premise that, as technology evolves, users are not protected.

The Global Blockchain Council is part of a series of councils created by the World Economic Forum to cover what qualifies as the most pressing technological areas. This includes, in addition to blockchain, artificial intelligence, autonomous mobility, drones, internet of things and precision medicine.

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