The World Economic Forum has recently released a report that suggests cryptocurrencies have a very prosperous future. The report, titled “Crypto, What Is It Good For? An Overview of Cryptocurrency Use Cases,” is rabidly optimistic about the future role of cryptocurrencies in the world’s economic and financial systems.
Here are some various quotes from the report:
Over a decade ago, a white paper by Satoshi Nakamoto was distributed to a cryptography mailing list outlining a novel proposal for a “peer-to-peer electronic cash system” called bitcoin. This innovation spurred a new, global industry and asset class that has created hundreds of billions of dollars in value, and inspired a generation of entrepreneurs and innovators.
From the foreword
Another pro-crypto statement:
The World Economic Forum Global Future Council on Cryptocurrencies represents a broad cross-section of experts working to make cryptocurrencies useful across a wide range of use cases.
From the foreword
And one more:
Cryptocurrencies have reached a point of inevitability. We have dedicated our careers to advancing the adoption and use of cryptocurrencies because we believe they represent an enormous opportunity to grow the global digital economy and benefit consumers and businesses across the world.
From the foreword
When on reads the report, it becomes very clear that the World Economic Forum clearly believes that cryptocurrency will permeate all economic and financial transactions globally.
These specific cryptocurrencies each have a dedicated segment in the report: Bitcoin, Ethereum, Ripple, Tezos, Celo, Litecoin, Zcash, Filecoin, and Arweave. These second layer protocols also have their own segments in the report: Bancor, Lightning, Compound Protocol, Uniswap, Etherisc, and OMG Network.
This report is more evidence that the world is heading towards mass adoption of blockchain.
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