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Daniele Marinelli to Speak About Innovation at the World Economy Forum in Davos, Switzerland

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One of the most relevant and disruptive opinion leaders in the field of information technology, fintech, lifestyle and social communities.

Miami, Florida–(Newsfile Corp. – May 19, 2022) – Daniele Marinelli and his innovative ideas are increasingly taking space in the limelight; guests will be able to see him speak about new trends on Innovation, web3.0 and Metaverse at the World Economic Forum in Davos on May 22, 2022.

The meeting brings together 3,000 members and selected participants – among which are investors, business leaders, political leaders, economists, celebrities and journalists – for up to five days to discuss global issues across 500 sessions. It will be held under the banner of “Working Together, Restoring Trust” and will be the first international in-person leadership event since the start of the COVID-19 pandemic.

Daniele Marinelli speaking at a Summit

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At WEF, Marinelli will talk about aiming to put the spotlight on the people – they are where the true value lies for the largest web-based enterprises, owing to data supplied online throughout their presence on the web. As a result, he’s developing web apps, browser extensions, and social networks where people can retaining ownership of their data, and get a direct benefit if they desire to do that.

The World Economic Forum is the first and most relevant worldwide occasion to talk about innovation: Web3 and disruption, leaving to the user the freedom of choosing the degree the privacy and anonymity they desire while assuring the greatest degree of compliance. At World Economic Forum, with players such as these driving growth in the industry, there’s no doubt that the future of Web3 is bright.

About Daniele Marinelli 

Marinelli is committed to the freedom of users, Web3 and the enormous potential of the metaverse. He believes that Metaverse hasn’t yet begun to touch on the incredible possibilities that it offers. This all led to the creation of UMetaWorld – a virtual replica of the real world, based on innovative VR technology. City by city, Daniele and his team are creating a new ecosystem, an entire escape where reality becomes virtual and the Metaverse becomes reality. 

CONTACTS
Alice Carli, CMDO
Email: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124518

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

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THXLAB and IZUTSUYA Announce Strategic Partnership

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OZANK Joins Forces with RevoluGROUP to Enhance Global Payment Infrastructure

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Blockchain

Financial industry bodies defend permissionless blockchains against Basel Committee’s classification

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Five financial industry bodies have pushed back against the treatment of permissionless blockchains by a global banking supervision authority.

In December, the Basel Committee on Banking Supervision (BCBS) published a report on proposed amendments to bank capital requirements for digital assets, stablecoins, and tokenized assets.

The report classified all permissionless blockchains as high-risk, claiming that some risks could not be mitigated through existing solutions. BCBS was particularly concerned about banks’ lack of control over third parties who conduct most operations on these blockchains. It also warned about their privacy, finality, liquidity, and political, legal, and policy risks.

In response, five global financial industry regulators have defended permissionless blockchains. In a joint response, they stated that the industry “has all necessary expertise and robust compliance frameworks to fully identify, manage and mitigate these risks.”

The five are the International Swaps and Derivatives Association, the Global Financial Markets Association, the Institute of International Finance, the Futures Industry Association, and the Financial Services Forum.

Blockchain’s application in the financial industry is evolving, and regulators must not disincentivize banks from exploring the technology, the regulators stated. By putting up unnecessary hurdles, the BCBS would only push these institutions to the non-regulated shadow banking space, which would be riskier for them.

The regulators further noted that dozens of global banks have conducted successful pilots using permissionless blockchains. These pilots have shed more light on the technology’s application and allowed them to understand and control emergent risks.

The BCBS approach is unfair to blockchain and veers away from the regulator’s long-held “same asset, same risk” approach, they added.

“While we acknowledge that risk mitigation techniques are evolving for permissionless crypto assets…we are confident that solutions already exist in respect of specific use cases,” the five stated.

They believe deciding whether to build on permissionless blockchains should be left to the banks.

The financial sector has been a leader in blockchain adoption, with some, like JPMorgan (NASDAQ: JPM), developing their own permissioned networks, albeit unsuccessfully. However, most have relied on existing solutions to build applications spanning settlement, bond issuance, tokenization, etc.

Source: coingeek.com

The post Financial industry bodies defend permissionless blockchains against Basel Committee’s classification appeared first on HIPTHER Alerts.

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