At this year’s World Economic Forum, panels discussed blockchain “case studies.”
I arrived at the Zurich airport and I met a friend from Austin who was visiting family in Reykjavík for the first time. Anyway, I’m OOO this week, so feel free to email someone else if you need anything.
The crypto industry embarked on a recovery tour among the global elite last week at the World Economic Forum’s annual meeting in Davos, Switzerland. What surprised me was how interested the audience was in what the industry is like today.
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At this week’s meeting in Davos, the industry was strong and predicted all the best. At least some of the panels had an audience of people who weren’t in the industry.
why is it important
Obviously, FTX was a shadow that threatened the existence of cryptocurrency in Switzerland. As my colleagues and I wrote last week, the industry is much lighter in 2023 than it was last May. Even without the FTX crash, we would still be in a bear market, so it makes sense.
Crypto barely appeared on some industry panels at last week’s World Economic Forum (WEF) conference or side events in Davos, Switzerland. There have been discussions about specific industry problems or use cases for blockchain technology (and I’m told that the term “use case” is being phased out in favor of “case studies”), but no concrete wording.
Instead, the industry talked about issues that might be close to crypto, such as data storage and sharing, or issues internal to crypto, such as stablecoins. You’ve seen officials talk about the use cases for the technology behind cryptocurrencies.
Michael Casey, CoinDesk’s chief content officer, wrote about what he saw, noting that no matter what the industry wants, it still can’t get rid of the term “crypto.”
However, this may not matter. Although the industry presence was small, the panels performed were significant. The official WEF had more panels on crypto and crypto-related topics this year than last year. Speakers at the side event included representatives from the United Nations, NASA, CERN, BlackRock, the US Congress, the Ukrainian Parliament and other traditional heavyweights.
These speakers did not appear on stage organized by a crypto company by chance. Their willingness to be associated with industry, even casually as a lecturer, is suggestive.
Of course, the industry is currently booming to include an impressive state of trash, so we’ll have to wait and see how the long term plays out.
You can see CoinDesk’s content for the week below.
Changing of the guard
- (The Wall Street Journal) New FTX CEO John J. Find out that Ray III created a task force to determine whether a bankrupt cryptocurrency exchange is worth restarting rather than selling for retail, according to an interesting fake reversal and claims by JJR3 and former CEO Sam Bankman-Fried.
- (New York Magazine) Zoe Schiffer, Casey Newton and Alex Heath take to Twitter under their new boss.
- (The Wall Street Journal) Get ready to talk to every crypto-rich person about how much they want to buy CoinDesk.
— ༺༺𝔁𝔁𝔸𝔻 (@dox_gay) January 14, 2023
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