Global Blockchain Business Council’s (GBBC) Blockchain Central Davos 2022, a premier gathering of leaders across blockchain, digital asset, technology, and government, took place on May 22–26. Many up-to-date topics were discussed.

The Global Blockchain Business Council (GBBC) is the leading global industry association for the blockchain technology ecosystem with more than 500 institutional members, and 178 Ambassadors from 95 jurisdictions and disciplines founded in 2017. GBBC is dedicated to furthering adoption of blockchain through engaging regulators, business leaders, and global changemakers on how to harness this ground-breaking technology to create more secure, equitable, and functional societies.

During the event a panel discussion focusing on the current direction of the financial industry took place. It tackled various issues such as education about blockchain, how blockchain companies are breaking stereotypes of the established financial community at WEF 2022 and current market issues surrounding central bank digital currencies (CBDCs) and stablecoins.

Panellists included co-founder and CEO of Soramitsu Makoto Takemiya; fintech expert at Oesterreichische Nationalbank Johannes Duong; and chief operating officer (COO) of the Stellar Development Foundation Jason Chlipala. Cointelegraph’s editor-in-chief Kristina Lucrezia Cornèr was the moderator. Here are main points made by the panel.

According to Takemiya, this year WEF became more exciting thanks to blockchain community storming in:

“The stereotype of the WEF is the entrenched financial elite that is looking to preserve their wealth. That may or may not be true. Blockchain companies are the barbarians at the gate of the WEF.”

Duong concentrated on educational issues. He explained that universities must make efforts to teach about blockchain and crypto. He said that “we have universities providing courses for blockchain assets and are trying to see it from a neutral position.”

During the discussion of current market issues such as CBDCs and stablecoins (including current situation with Terra) Chipala said that “This could be the impetus for really starting to get some regulatory clarity and some business clarity. I think that leads to trust.”

Other participants, for example, the senior vice president of Ripple, Brooks Entwistle, encouraged people to focus on building despite what seems to be a crypto winter. The Ripple executive said that this has happened before and it’s likely to happen again.

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