The World Economic Forum (WEF) in Davos, Switzerland, brings together world leaders and thinkers from various sectors each year to delve into global issues. The world of cryptocurrencies and the blockchain continues to gain ground and has become one of the topics of discussion at the event.
Cointelegraph Editor-in-Chief Kristina Lucrezia Cornèr moderated a panel on Jan. 17, in which addressed sustainability efforts in the blockchain industry.
Although not all the panelists have the same training, they unanimously highlighted that education and learning are the key to driving sustainability in emerging technologies during the panel “The Emergence of Cutting-Edge Technologies”.
The panel focused on sustainability in the blockchain industry through two lenses. One is in the “green” sense of the word, with a more energy efficient and environmentally sustainable future. The other refers to the long-term impact of projects and initiatives in the Web3 space.
Mark Mueller-Eberstein, CEO of business consultancy Adgetec Corporation, noted that the industry suffers from “greenwashing,” but verification standards that can be extracted from the blockchain can lead to productivity in sustainability practices in the industry.
“Knowing that we can trust the data is extremely important. That’s why I think blockchain is especially important.”
He went on to say that educating the community, especially the next generation, will be “the cornerstone for all of us, as societies and individuals”.
Christina Korp, president of Purpose Entertainment and founder of SPACE for a Better World, highlighted the importance of education for older generations using the example of a US congressman in his 70s who began to educate himself on artificial intelligence.
“How can all these people make decisions about what happens with the laws when they don’t even understand the technology or this new world?”
The financial director and treasurer of the Hedera Foundation, Betsabe Botaitis, also referred to the Trust as the basis for a more sustainable industryespecially said, since the blockchain industry can sometimes have a bit of a negative reputation.
“We have to be careful with that because it’s easy to think that a new idea can be funded immediately. And that’s not always the case.”
Botaitis used carbon credit tracking as an example of a trust-building nichein which the blockchain can be used for this transparency and verification.
“It’s a great honor to see how companies are coming together to really build this trusted infrastructure, an immutable layer.”
Botaitis went on to say that creating and leaving a sustainable legacy for the next generation is not just about wealth but ensuring a safe environment for that wealth and education is the key.
“There is very, very little technology being given for wealth management education. I think it’s the private sector that needs to have that education, the regulators and everyone who is having this conversation.“.
Education remains an important touch point in the Web3 space, with many brands and initiatives focused on educating users alongside technological advances.
Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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