The OECD will examine the potential impact of the blockchain next month

The Organization for Economic Cooperation and Development (OECD) announced on Wednesday that it plans to host an international conference on blockchain technology next month.

In particular, the conference will examine the impact of the blockchain on government activities and will include the OECD Secretary General Angel Gurría, Prime Ministers of Serbia, Bermuda and the Republic of Mauritius and the Secretary of State of Slovenia when it will be held at the headquarters of the OECD in Paris on 4 and 5 September. The forum will be broadcast live. [19659002] There will also be "over 400 senior decision-makers in the public and private sectors" present at the meeting.

Participants will discuss issues that include the potential impact of blockchain on a global economy, privacy and cybersecurity, as well as how to use blockchain to improve inclusiveness. They will also promote green growth, sustainability and strengthen governance and enforcement practices.

"The Blockchain has the potential to transform the operation of a wide range of industries, but its potential, however, depends on the integrity of processes and requires appropriate policies and measures while addressing the risks of misuse. • play a significant role in shaping policies and regulatory frameworks that are in line with emerging challenges and to promote transparent, fair and stable markets as a basis for the use of blockchains, 'says the press release.

At the beginning of this summer, the management of the OECD for the Financial and Corporate Competition Committee published a document entitled "Blockchain Technology and Competition Policy" in preparation for the next conference. The document points to various blockchain technology applications for governments and the private sector. It also explains the principles of blockchain and pays attention to consortia for building blockchain platforms, citing R3 as an example.

The document mentions a number of technology use cases, including "helping perpetrators repress tax avoidance and other laws and regulations, to support monetary and fiscal policy through sovereign cryptocurrency, to create digital land titles and other registers, to help citizens demonstrate their identity and their vote, and to increase the efficiency and transparency of public services. "

He also added cases of & # 39; use to pay pensions and social security, as well as sharing safe patient information.

Image OCSE via Flickr

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