The Davos conference 2023, which is being held in Switzerland, is expected to run for 4 days, from January 16 to January 20. The conference, which is running under the theme “cooperation in a fragmented world,” has served as a podium for some notable personalities in the crypto sector and other sectors to share their knowledge.
The World Economic Forum
Every year, the World Economic Forum (WEF) in Davos, Switzerland, draws together world leaders and intellectuals from a range of sectors to focus on global concerns. As blockchain technology and the cryptocurrency market continue to gain popularity, they have come up for debate at the legacy event.
During the “Emergence of Breakthrough Technologies” panel, despite the fact that all the panelists had different backgrounds, they all could not agree less that education and learning are essential to advancing sustainability in future technologies.
The panel examined sustainability in the blockchain sector from two perspectives. Firstly, the real sense of the term was considered, with a future that is more environmentally friendly and energy-efficient. Secondly, it discusses how efforts and projects within the larger Web3 domain will fare or affect society in the long run.
Young and older generations’ education in advancing blockchain sustainability
The CEO of business consulting firm, Adgetec Corporation, Mark Mueller-Eberstein, noted that although “greenwashing” is a problem in the sector, verification standards derived from the blockchain could boost the effectiveness of sustainability efforts.
“Knowing that we can trust the data is extremely important.” This is why I think blockchain especially is so important.”
He emphasized the importance of education for the younger generation and the community, noting that it will serve as “the cornerstone for all of us, as societies and individuals.”
Using the example of a United States congressman who started learning about artificial intelligence at the age of 70, the founder of SPACE for a Better World and president of Purpose Entertainment, Christina Korp, illustrated the value of education to the older generation.
“How can all these people make the decisions about what happens with the laws when they don’t even understand the technology or this new world?”
Trust the foundation for a more sustainable industry
Also, Betsabe Botaitis, the Hedera Foundation’s treasurer and chief financial officer, spoke briefly about trust as the basis for a more sustainable industry, particularly because the blockchain sector occasionally gets an unfavorable reputation.
“We need to be careful with that because it is easy to think that a new idea can be immediately funded.” “And that’s not always the case.”
Botaitis offered the tracking of carbon credits as an illustration of a trust-building niche where blockchain technology may be used to provide transparency and verification in this industry.
“It’s such an honor to see how companies are coming together to really build this trust infrastructure, an immutable layer.”
Leaving a lasting legacy for the future generation isn’t just about money. In order to do this, Botaitis stated, it is important to ensure a secure environment for those riches, and education is the key to doing this.
“There’s very, very little technology that is given for the education of wealth management. I think that it is the private sector that needs to have that education, the regulators and everyone that is having this conversation.”
With numerous businesses and projects concentrating on user education alongside technological advancements, education continues to be a significant contact point in the Web3 arena.
