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For Daniela Barbosa \u2014 general manager of blockchain, healthcare and identity at the Linux Foundation and executive director of Hyperledger \u2014 digital currencies and cryptocurrencies have made it among the big banks at the World Economic Forum in Davos.\u00a0<\/p>\n
In an interview with Cointelegraph shot against the backdrop of the Swiss Alps, Barbosa explained that in the few years she has attended the WEF, the presence of cryptocurrency companies has steadily grown<\/a>. What’s more, we should not be afraid of central bank digital currencies (CBDCs).<\/p>\n \u201cCBDCs are [a]natural evolution of digital dollars and digital currencies.\u201d<\/p><\/blockquote>\n While the WEF saw calls from some bankers for a CBDC rollout to slow down<\/a>, Barbosa explained that a CBDC could be with us in this decade. <\/p>\n Hyperledger\u2019s work overlaps that of CBDCs, particularly in light of a partnership with the Digital Dollar Project. The nonprofit organization seeks to further the research into a U.S. CBDC. The key to CBDC implementation, however, is in succeeding with \u201cprivacy-preserving methods.\u201d<\/p>\n An advocate for digital identity, privacy and \u201chaving control of your data,\u201d Barbosa also\u00a0shared the story of how she got into Bitcoin while living in San Francisco and working for Dow Jones in the mid-2010s.<\/p>\n \u201cI did go to a [Bitcoin] meetup once and I was older than everybody else and also female\u2014and I thought, maybe this is not for me?\u201d<\/p><\/blockquote>\n Fortunately, Barbosa kept abreast of Bitcoin and the market when time allowed before joining HyperLedger, an enterprise blockchain solutions-based company, in 2016. <\/p>\n Related:\u00a0UN agency head sees ‘massive opportunities’ in crypto: WEF 2022<\/a><\/em><\/strong><\/p>\n While blockchains can sometimes be touted as a catch-all solution, Barbosa explained that sometimes blockchains are not the ideal situation and \u201cshould not be used.\u201d Many blockchain use cases in 2016 and 2017, for example, wanted the \u201cmedia to pay attention.\u201d In 2022, a blockchain works when:<\/p>\n \u201cYou want to use a distributed ledger when you have multi parties that are working together\u2014you don\u2019t want to have to create another middle layer than helps disintermediate all the assets going around.\u201d<\/p><\/blockquote>\n HyperLedger now covers everything from pharmaceuticals to finance while its blockchain solutions tackle climate change<\/a>.\u00a0<\/p>\n<\/div>\n