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Blockchain Lacks 3 Things to Enable Change Despite Growing Public Awareness, Expert Says

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  • News
  • Posted by Good ID team (Good ID)
  • 26 March 2020

A summary of Sheila Warren’s keynote speech at Hyperledger Global Forum 2020, on what blockchain is missing

Warren, Head of Blockchain, Digital Currency, and Data Policy at World Economic Forum, spoke about how public awareness of blockchain has skyrocketed, but it needs three things before it can reach its potential. The first of these is digital ID:

“Once we have real traction on a digital identity later, then we will see blockchain unlocked. Until then, we are limited in what we can do,” Warren said.

She argues that blockchain also needs a code of conduct which people can draw from when building applications, and that the return on investment from blockchain is still relatively unstable.

“I remain deeply optimistic about this technology and I think all of you should as well,” Warren said to conclude her keynote

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