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IMF MD recognizes the importance of blockchain: discusses how Blockchain can revolutionize freedom, privacy.
Technology has an interesting relationship with the way it interacts with individual rights and general morality. Both TNT, which was to end all wars, but only to spur more destruction or research on stem cells in which people played with the building blocks of life without fully understanding the impact. Technology must be contextualised and explained to those who exercise power. This was also the line of thought discussed by the Managing Director of the International Monetary Fund [IMF], Christine Lagarde.
In a talk given at the Kissinger conference in relation to foreign policy and international relations, the head of the IMF spoke at length about the rapid change in economic and financial industries. Here he stressed the need for a dialogue between companies and representatives of the people, to evaluate, understand and address the growing importance of the cryptographic sphere. He emphasized the links between online goods and personal freedom, he said
"These are business sectors that deal with the common good, your privacy and their data, and they take care of your freedom, so government authorities, parliamentarians, must be involved."
The third most powerful woman, second Forbes & # 39; Power Women 2018, stressed the importance of linking public and private interests, while encouraging public opinion to take greater responsibility to include all related actors in teaching them the basics of the emerging blockchain technology . By accepting the lack of technocrats in most decision-making bodies, he went on to say
"So there are many technologies that are not mastered and I do not, but having sufficient knowledge to understand the key principles that must be respected, is something that I believe falls on the shoulders of parliamentarians and governments because today they have the responsibility to represent the people ".
She continued:
"And the government representative must be helped along the way for those who are not computer literate, those who feel completely unrelated to these digital transformations."
By accepting the imminent need for cryptos to have a regulatory framework, he felt that it should not be left entirely to corporations or governments.
This invaluable help can come from many parts. Christine he made it clear that he was not opposed to the help of a private enterprise, but it should be technical engineers who understand the implications of technology and the way it intertwines with the future of our collective freedoms; more importantly, respects privacy and the rights of the individual.
It is not the first time that even discusses criptos, in a recent blog post Mrs. Lagarde he was looking at the benefits that Bitcoin [BTC], Ethereum [ETH] and cryptocurrencies in general, it could provide. Comparing them with the Internet revolution of the years & ls. 90 compared them:
"Just as some technologies that emerged from the dot.com era have transformed our lives, the cryptographic resources that survive could have a significant impact on how we save, invest and pay our bills."
Just as the internet has changed the way we live in a few decades; Blockchain undoubtedly has the same potential. To achieve this potential, however, a guideline is undoubtedly necessary. This is where recognition by heads of banks and other important international institutions is invaluable. It is hoped that this speech will be followed and that more importance is given to creating an environment favorable to the growth of the encrypted.
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