‘CBDCs would be the natural evolution,’ states HyperLedger director Barbosa

For Daniela Barbosa — gm of blockchain, healthcare and identity in the Linux Foundation and executive director of Hyperledger — digital currencies and cryptocurrencies make it one of the big banks in the World Economic Forum in Davos. 

Within an interview with Cointelegraph shot from the backdrop from the Swiss Alps, Barbosa described that within the couple of years she’s attended the WEF, the existence of cryptocurrency companies has continuously grown. In addition, we shouldn’t be scared of central bank digital currencies (CBDCs).

“CBDCs are [a]natural evolution of digital dollars and digital currencies.”

As the WEF saw calls from some bankers for any CBDC rollout to slow lower, Barbosa described that the CBDC might be around within this decade.

Hyperledger’s work overlaps those of CBDCs, particularly considering a partnership using the Digital Dollar Project. The nonprofit organization seeks to help the study right into a U.S. CBDC. The important thing to CBDC implementation, however, is within succeeding with “privacy-preserving methods.”

An advocate for digital identity, privacy and “having charge of your computer data,” Barbosa also shared the storyline of methods she experienced Bitcoin while residing in Bay Area and dealing for Dow jones Johnson within the mid-2010s.

“I did visit a [Bitcoin] meetup once and that i was over the age of everyone else as well as female—and I figured, maybe this isn’t for me personally?”

Fortunately, Barbosa stored up to date with Bitcoin and also the market when time permitted before joining HyperLedger, a company blockchain solutions-based company, in 2016.

Related: United nations agency mind sees ‘massive opportunities’ in crypto: WEF 2022

While blockchains can often be touted like a catch-all solution, Barbosa described that typically blockchains aren’t the perfect situation and “should ‘t be used.” Many blockchain use cases in 2016 and 2017, for instance, wanted the “media to concentrate.” In 2022, a blockchain works when:

“You desire to use a distributed ledger if you have multi parties which are working together—you shouldn’t need to create another middle layer than helps disintermediate all of the assets on offer.”

HyperLedger now covers from pharmaceuticals to invest in while its blockchain solutions tackle global warming

Latest stories

You might also like...