The Organization for Economic Co-operation and Development (OECD) announced on Wednesday that it plans to host an international conference on global blockchain technology in Paris on September 4, 2018, and September 5, 2018.
The conference will have OECD Secretary-General Angel Gurría, the prime ministers of Serbia, Bermuda and the Republic of Mauritius and the State Secretary of Slovenia. The event will observe the influence of blockchain on government actions. The event will see a meeting of more than 400 senior decision makers from the private and public sectors.
The discussion in the conference will be done by the attendees related to the matters such as the potential impact of global blockchain on the economy, privacy and cybersecurity, as well as how to use global blockchain to improve inclusiveness. They will also encourage green growth, sustainability strengthens governance and implementation practices.
Previously OECD’s Directorate for Monetary and Enterprise Competition Committee issued a paper that was named as “Blockchain Technology and Competition Policy”. The paper explained many points related to many applications of blockchain technology for governments and the private sector. It also clarifies the principles of blockchain and pays attention to groups for building blockchain platforms. It even stated a number of use cases for the technology. It also added use cases for paying pensions and social security, as well as sharing secure patient information.
As per the news published in Coindesk, blockchain has the perspective to convert a wide range of industries function. Satisfying its potential will fully depend on the honesty of the procedures and necessitates acceptable policies and actions while addressing the risks of misuse. On the other hand, International community and Governments will play an important role in determining policy and controlling frameworks that are associated with the developing challenges and short-term transparent, fair and steady markets as a basis for the use of global blockchain.
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