Posts tagged World Economic Forum
World Economic Forum CBDC analysis in the era of Populism, Institutionalism, and Hofstede's Cultural DNA
World Economic Forum CBDC analysis in the era of Populism, Institutionalism, and Hofstede's Cultural DNA

We anchor our writing around the World Economic Forum 223 page report on CBDCs and stablecoins. The analysis highlights the key conclusions across several white papers in the report. We then add a layer of meta analysis around the language in the report, and question what it is trying to accomplish, and whether that will work with the Web3 revolution. This leads us to think about the tension between populism, as represented by crypto, and institutionalism, as represented by banking structures. We discuss theories of cultural and national DNA, and the rise of populism, as difficult problems to solve for any global alignment.

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central bank / CBDC, macroeconomics, things that are not true, philosophy, regulation & compliance, social & community, narrative zeitgeist, enterprise blockchain, stablecoins, civilization and politicsLex SokolinWorld Economic Forum, Hofstede, Covid
Sheila Warren of the World Economic Forum on the 4th Industrial Revolution, the role of Law, Government, and DAOs, and the Creator Economy
Sheila Warren of the World Economic Forum on the 4th Industrial Revolution, the role of Law, Government, and DAOs, and the Creator Economy

In this conversation, we are so lucky to tap into the brilliant mind of none other than Sheila Warren who sits on the Executive Committee of the World Economic Forum and is a key member in the executive leadership of the Forum’s Centre for the Fourth Industrial Revolution (C4IR), in which she oversees strategy across the entire C4IR Network, consisting of centers in 13 countries. Sheila also holds board member and advisory positions at multiple institutions and organizations including The MIT Press (Cryptoeconomic Systems), The Organisation for Economic Co-operation and Development (OECD), NGO network TechSoup and she is a Member of The Bretton Woods Committee.

More specifically, we discuss her professional journey from small claims court to NGO Aid to refugees to corporate law to The WEF, touching on rational choice theory, corporate personhood and its correlation to the growth around ESG, new substrates, DAOs and protocols, artificial intelligence, the purpose of The World Economic Forum and its impact on governments and society alike, and just so much more!

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crypto, decentralized finance, DAOs, governance, macroeconomics, metaverse, central bank / CBDC, China, India, civilization and politics, regulation & complianceLex SokolinWorld Economic Forum, NGO Aid, ESG
How are Central Bank Digital Currencies like Lithium-ion Batteries, and how do you build a CBDC today?
How are Central Bank Digital Currencies like Lithium-ion Batteries, and how do you build a CBDC today?

I examine the rising relevance of Central Bank Digital Currencies. We look at the World Economic Forum policy guide to understand different versions of CBDCs and their relative systemic scale, and the ConsenSys technical architecture guide to understand how one could be implemented today. For context, we also dive into a very different topic -- Lithium ion batteries -- and show how a change in the cost of a fundamental component part (e.g, 85% cost reduction in energy, or financial infrastructure) opens up a massive creative space for entrepreneurs.

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central bank / CBDC, paytech, energyLex SokolinCBDC, Bitcoin, Spotify, Tesla, Bank of England, World Economic Forum, ConsenSys, Libra / Diem