Trust is the cornerstone of socioeconomic success and geopolitical balance. Our current world is exhibiting a massive trust deficit. Distrust is resulting in socioeconomic failures and geopolitical angst. Blockchain’s superpower is trust. It is time to mandate blockchain businesses to rebuild trust, success and balance across global systems.
Geopolitical agitations, the war in Ukraine and elsewhere, famine, climate crisis, inflation, supply chain problems, and financial market turmoil are a few of humanity’s many challenges today.
Let’s talk about trust
The world is in need of and must trust again. Blockchain is a technology built upon integrated trust. Where there is trust, there can be progress. Given these tumultuous times, blockchain must be treated not as an alternative but as an incumbent — a catalyst technology that enables confidence and builds trust.
The recent World Economic Forum theme “Working Together and Restoring Trust” showcased that the world has lost trust in institutions. Global leaders must urgently encompass blockchain businesses’ solutions already in motion to solve the deficits in trust and rebuild a better future. In turn, blockchain businesses must rightly demand their mandate as global reformers and builders of trust.
The WEF takes place annually in Davos, Switzerland, the country that is home to the world’s most mature blockchain hub — Crypto Valley. Concurrently, during the forum, the blockchain business community convened from all over the world, not inside the formal forum walls but in the adjacent Davos Promenade. Here was found precisely what the world needs: security, transparency and trust. Blockchain and cryptocurrency businesses descend on Davos each year to share their superpower and demonstrate that it is in humanity’s best interest to begin mutual interaction and trust. It is time that blockchain tech’s superpower is given a mandate.
Related: Crypto Valley and the Crypto Oasis: Ralf Glabischnig
The new human mindset seeks trust
According to the Edelman Trust Barometer, business has emerged as the most trusted institution in the past three years. Business’s most significant advantage is competence. This ability to get things done has led to an increased reliance on businesses to step in where the government has failed. At a time when the world has been challenged, the stakes for firms failing to take a stand and engage on economic, societal and geopolitical issues have never been higher.
Humanity is…
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