World Economic Forum is preparing the "Blockchain Bill of Rights"

Photo: MB298/ CC BY-SA 4.0

The World Economic Forum (FEM) has been on the lookout for problems faced by users of blockchain technology. That is why under the leadership of the Global Blockchain Committee of the FEM has met experts in the matter to elaborate the «Declaration of Rights of Blockchain: Principles of design for a decentralized future».

The objective of this initiative is to align private sector leaders, policy makers and consumers in a fundamental vision of how users can and should be protected as blockchain technology is developed, in around the following four pillars:

  • Agency and interoperability: right to control your data
  • Privacy & Security: right to protect your data
  • Transparency and accessibility: right to information about the system
  • Responsibility and governance: right to understand available resources

An initial draft of the Bill of Rights will be shared at the FEM Annual Meeting in Davos, Switzerland, from January 21 to 24, 2020. Throughout the year, the Council will request contributions to the document through round tables and interviews, as reported Coindesk.

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Adolfo Morán
Adolfo is Founder and Executive Director of Lawgic Tec, a nonprofit association dedicated to research on issues of law and new technologies. General Editor of The Crypto Legal web platform and Legal Consultant in the Financial Regulation and FinTech area of ​​EY Law. He specializes in Blockchain, Smart contracts and Fintech. Email: contacto@lawgictec.org

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