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HyperLedger CEO Barbosa: "CBDCs are a natural progression"

 


Daniela Barbosa, executive director of blockchain, healthcare and identity at the Linux Foundation and executive director of Hyperledger, believes digital currencies and cryptocurrencies have made it among the big banks at the World Economic Forum in Davos. 


In an interview with Cointelegraph, Barbosa explained that in the few years that she has attended the WEF, cryptocurrency companies have steadily increased their presence . In addition, one should not be afraid of central bank digital currencies (CBDCs).


"CBDCs are a natural progression from the digital dollar and digital currencies."

At the WEF, some bankers have called for a slower pace of CBDC adoption . Barbosa, on the other hand, stated that a CBDC could be launched within this decade.


Hyperledger's work overlaps with CBDCs, particularly due to its partnership with the Digital Dollar Project. The non-profit organization wants to promote research into a US CBDC. The most important thing in a CBDC implementation, however, are "privacy-friendly methods".


An advocate for digital identity, privacy, and "control over your data," Barbosa shared how she lived in San Francisco, worked for Dow Jones, and got into bitcoin in the mid-2010s.


"I once went to a bitcoin meetup and I was older than everyone else and a woman, so I thought maybe this isn't for me."

Barbosa then researched further about Bitcoin and the market and joined HyperLedger in 2016. The company develops blockchain solutions for other companies.

Blockchains are often touted as a one-size-fits-all solution, but Barbosa said blockchains are sometimes not the ideal solution and "shouldn't be used." For example, many blockchain use cases in 2016 and 2017 should "get media attention". In 2022, a working blockchain will look like this:


"It uses a distributed ledger when multiple parties are working together. You shouldn't have to put in another middle layer to cut out the middlemen on all the assets in circulation."

HyperLedger is now working in everything from pharmaceuticals to finance, striving for blockchain solutions that fight climate change . 

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