In September, the OECD will hold an international blockchain conference


The organization for economic cooperation and development (OECD) has announced that next month plans to hold an international conference devoted to the technology of the blockchain.

In particular, the conference
will consider the impact of the blockchain on the activities of the government. The event will be attended by OECD Secretary-General angel Gurria (Angel Gurría), the Prime Ministers of Serbia, Bermuda and the Republic of Mauritius and the Secretary of state of Slovenia. The conference will be held in the OECD headquarters in Paris on 4 and 5 September. The forum will be broadcast live.

The meeting will also be attended by “more than 400 senior executives from the public and private sectors.” The participants will discuss various issues, including the potential impact of blockchain technology on the global economy, privacy and cybersecurity, and how to use the blockchain for involvement in political and social life of the States of all segments of the population. Participants will also discuss the benefits of technology in the environmental and law enforcement areas.

“The blockchain has the potential to transform the functioning of a wide range of industries. However, the realization of its potential depends on the integrity of processes and requires adequate policies and measures, while simultaneously eliminating the risks of abuse of technology. Governments and the international community will play an important role in shaping policy and regulatory frameworks that are consistent with emerging problems and contribute to transparent, fair and stable markets as the basis for the use of the blockchain,” — said in a press release.

Earlier this summer the Directorate for financial and enterprise Affairs of the OECD released a document called “the Blockchain Technology and Competition Policy” in preparation for the upcoming conference. The document refers to various applications of the technology for governments and the private sector. It also explains the basics of the blockchain and draws attention to the consortia to create a blockchain-based platforms, and R3 is given as an example.

The document mentions a number of variants of this technology, including those that “help the security forces to prevent the evasion of tax regulations and other laws, to support monetary and fiscal policy with crypto-currencies with sovereign support, to create a digital registries for real estate and other areas, to help citizens to prove their identity to vote, and also to improve the efficiency and transparency of public services”.

The report also notes cases of the use of technology for payment of pensions and social security, and safe health information exchange.

This summer, the OECD also noted in another report that the modern officer must clearly understand what the technology of the blockchain and what it is not. According to the OECD, to date, governments in at least 46 countries have started or preparing to launch more than 200 different blockchain projects.

This spring, Greg Medcraft (Greg Medcraft), head of the Directorate for financial and enterprise Affairs of the OECD, said
about the need for “an international discussion on the issue of cryptocurrencies”, and called the blockchain “new technological revolution”.

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