For the second consecutive year, Partisia Blockchain took center stage in Davos during the World Economic Forum (WEF), marking a milestone with the largest delegation to date. Despite the cold weather, tight security and a packed agenda, our mission to promote Partisia Blockchain remained unwavering, leading to more than 45 engagements—spanning keynote addresses, panel discussions, industry sessions and speeches over five dynamic days.
A defining moment occurred in Davos with the launch of our MPC On-Chain Custody Advanced (MOCCA) solution. This decentralized, programmable, multichain custody solution set a new industry standard, addressing the pressing need for fortified infrastructure, transparency and expanded usability.
The WEF’s overarching theme, “Rebuilding trust”, framed numerous discussions on blockchain’s pivotal role in restoring trust. Our engagements with decision-makers consistently highlighted blockchain and other innovative technologies as essential tools in the pursuit of regaining trust.
Davos 2024 witnessed an increased focus on the regulatory landscape within the blockchain sphere. Discussions delved into Europe’s MiCA regulation and actions by global supervisory bodies. The consensus underscored the vital role of key infrastructure, exemplified by Partisia Blockchain, in strengthening security, privacy and transparency. This regulatory exploration unfolded amidst a surge of interest in decentralized finance (DeFi) and tokenization.
In DeFi, stakeholders explored its potential to rebuild trust through enhanced reliability. Conversations spanned liquidity, risk management and the disruptive impact on traditional finance, with trustless technology emerging as a viable solution. Tokenization, powered by blockchains like ours, took center stage, showcasing its transformative capacity to simplify securities issuance and provide irrefutable ownership through immutable records.
Trust, a pervasive theme in Davos, seamlessly aligned with Partisia Blockchain’s mission. Insights from Brian Gallagher, our Co-Founder, emphasized the importance of building decentralized trust networks. The regulatory imperative for managing risk across digital asset markets highlighted the collective responsibility required for a resilient and inclusive market environment. Technology’s role in enhancing transparency and mitigating risks showcased blockchain’s potential.
Brian Gallagher emphasized cross-chain liquidity’s necessity, pointing to the vital role of multichain solutions. Discussions on Central Bank Digital Currencies (CBDCs) and stablecoins explored their harmonious coexistence, delving into regulatory nuances, stability and trust. The week culminated with a focus on cybersecurity priorities, positioning blockchain’s collective responsibility as pivotal for a secure digital future.
Identity management as part of trust building was a key conversation in Davos. Shirly Valge, our Chief of Growth, participated in a panel on Web3 and digital identity, highlighting user data control and fraud prevention. The recurring theme of infrastructure underscored blockchain’s foundational role in shaping the evolving Web3 landscape. Security, a constant thread, scrutinized Bitcoin mining, digital identity and the Web3 venture landscape, emphasizing the need for technology to balance scalability, usability, interoperability and digital security.
Beyond engagements, the Partisia Blockchain delegation held fruitful meetings with potential partners, resulting in letters of intent, collaborations and agreements.
In retrospect, Davos 2024 stands as a landmark event, revealing transformative themes that will undoubtedly shape the future of blockchain. From regulatory advancements to technological breakthroughs, the week served as a testament to the industry’s commitment to innovation and trust-building.
Welcome to our rundown of the final day at Davos! We have had a packed schedule this week during the World Economic Forum (WEF). Over the last four days we have attended more than 45 sessions and events, launched our very own MOCCA (MPC On-Chain Custody Advanced) solution at a keynote address, and participated in a panel on cross-chain liquidity.
Without further ado, here are today’s themes and highlights:
Our Chief of Growth, Shirly Valge, took the stage. This time she featured on a panel on Web3 and digital identity (dID)—a topic very close to our hearts. Panelists touched on user data control, fraud, and compatibility issues between various eID, dID and SSI systems. Shirly highlighted our recent eID minimum viable product (MVP) for the Swiss government, a decentralized self-sovereign identity solution that uses multiparty computation (MPC) on the blockchain to enable data privacy, security, and control. The panel also highlighted the growing need for self-sovereign identities and the necessity for the governments to ensure the utmost security of individuals’ private data.
A main thread throughout today and during the entirety of Davos has been infrastructure. The sentiment was that, fundamentally, there must be a focus on infrastructure if we want to make transacting easier, cheaper, and more efficient in the Metaverse or Web3. With blockchain as the “pipes” and smart contracts to help direct traffic we have technology that can potentially serve multiple user needs—which brings us to the next theme.
Security was prominent today and in most sessions throughout the week, whether implicitly or explicitly. Today, it was security in Bitcoin mining, digital identity, and in the Web3 venture landscape. As an essential part of trust, a key theme of WEF, the feeling in Davos was more of a question: how can technology facilitate trust? To that end, discussions, both in sessions and in person, focused on solutions that specifically balance scalability, usability, interoperability with digital security and privacy.
Welcome to our rundown of the fourth day at Davos. We had another busy day filled with sessions and meetings. Below are the main themes and highlights for this penultimate day:
Cross-chain liquidity is essential for the efficient functioning of digital assets and decentralized finance (DeFi) markets. Partisia Blockchain Co-Founder Brian Gallagher spoke about the necessity of multichain solutions, like our just-yesterday-released MOCCA (MPC On-Chain Custody Advanced) solution. This is a programmable, decentralized, multichain custody solution that makes custody of digital assets significantly easier. Here, as was discussed on the panel, it is important that users be able to bridge assets on their preferred blockchains, making blockchain agnostic products key. The panelists also discussed important topics like AML, regulation, and protocol interoperability. What stood out was that regulators worldwide are adapting to the realities of DeFi and revisiting existing legislations to facilitate the adoption of new class of assets.
CBDCs and stablecoins have been a key part of discussions around cryptocurrencies over the past year, both positive and negative. Yet, as many nations have already launched or are planning to roll out CBDC pilots and the world is entertaining cashless societies, how CBDCs and stablecoins can co-exist alongside one other to increase financial inclusion needs to be considered. The panel on these two items was sweeping, considering regulation, stability, trust, and even collaboration between stablecoins and CBDCs. A certain fact is that more central banks will pilot CBDCs in the coming years.
One of the threads throughout the World Economic Forum (WEF) has been trust, and related security. Today, we attended WEF’s session on navigating cybersecurity. Something particularly important is that, according to WEF, 43% of organizational leaders estimate that in the next two years they will experience a damaging cyber-attack. The sentiment in this session was that cybersecurity is a collective responsibility and blockchain technology has a greater role to play.