The 53rd World Economic Forum (WEF) Annual Meeting in Davos focused on trade, technology and tackling the climate crisis. But what else is the point? And what were the key points?
The WEF is back in the Swiss Alpine town of Davos. winter meetup Since 2020. His more than 2,700 leaders, including more than 350 heads of state, government officials and ministers, met under the theme of “Cooperation in a Fragmented World” and called for “Unity and Cooperation.” raised.
4 important things
According to Regtech Clause matchthere are four main takeaways from Davos this year.
- The world needs a unified approach to sustainability, economic and health-related challenges
- innovation should be celebrated
- A global recession is likely this year, but leaders are more optimistic than before
- Urgent action is needed to tackle the climate crisis
return to normal
Effie Pylarinou The independent fintech and blockchain advisor said he feels that Davos is “back to normal in terms of attendance and intensity.”of her blog, She described the main themes as “Web3, Blockchain, Cryptocurrencies, and the mesh of SDGs/ESG,” but what surprised her this year was “the lack of a major AI-focused event.” That’s it.
Bill WintersGroup CEO standard chartered, He said he felt a renewed sense of optimism at this year’s Davos meeting compared to 2022. LinkedIn post, Mr Winters commented:
“The re-opening of China and its impact on the global economy is also a boost of confidence that the world needs. We have to make sure it is sustainable.”
innovation is key
Rob Bennett CEO of SMB4.0, empowering organization donation networksaid he was thrilled to meet so many young entrepreneurs in Davos who are using their creativity and innovation to help the world.
He said Fintech Times: “At the Network of Giving House venue, we heard from many of our guests how they see the value of the Network of Giving, and as much as this annual meeting was about addressing the world’s He emphasized that change in NGOs starts in the details: raising the bar by strengthening the communities, villages and towns that are the building blocks of the global movement.
“Innovation is key and there are a lot of them in Davos. I’m happy, it was inspiring, the new way of doing things can quickly become the ‘old way’ and to grow you have to embrace and embrace change. Financial institutions and world leaders must embrace new methods and be more open to adoption and application than ever before. “
Bennett continues: It can be quite distracting. If you can concentrate, you can find real gems.
“The overall impression is that there is hope thanks to the talent, determination and dedication of talented people and organizations, but it doesn’t always start at the top or from blind belief. We must not forget that 72% of the workforce are small and medium enterprises, and to continue the movement of improvement and change, we need to support the companies that strengthen that foundation.”
The future of Web3
Nirmini RubinDavos, Chief of Staff and Head of Policy at Hedera, highlighted how industry leaders, Web3 organizations and regulators can work together to rebuild trust in the cryptocurrency industry.
“As we move forward from last year’s events, we need to work together to remind people of the benefits of distributed ledger technology. To provide a study: The current bear market has created a rare opportunity for the larger players in the blockchain and cryptocurrency industry to have a more fundamental influence on the future of Web3.
“Organizations in this space must work with regulators to ensure that all policy decisions balance innovation with end-user protection. It was to appear safe, industry players need to communicate clearly upfront what they are offering and how they will operate. You can proceed to the chapter of
Detoria Williamson Tech Talent Market Advisory Board Member MVP matchis an advocate of inclusive innovation and believes that the role of board level in such companies is critical.
“We met a more diverse mix of leaders this year in Davos, especially across fintech. We are proud that the WEF is heading in that direction. A key enabler for maintaining and growing tech networks.I have enjoyed being with fellow leaders who are passionate about making a positive impact on the world through their businesses and ventures.In Davos. We look forward to seeing the topics and ideas discussed unfold and shape into impactful action.
“One of the key takeaways I took from Davos is that to do climate change effectively, we need to put ‘unconventional’ leaders at the decision-making table and take action that promotes inclusiveness. Rather than limiting key stakeholders to engineers and investors, engage design thinkers, digital transformation leaders early in product design, system level, policy level, and early investment rounds. We need to bring together experts, creatives and innovators.”
comprehensive and accessible
Williamson continues: Leaders with diverse backgrounds and different perspectives are valuable when decisions are made to protect our planet. For example, at the customer level, an airline recently started offering air travelers to purchase carbon credits.
“While the initiative is welcome, travelers who have struggled for years to save money for travel will be excluded from participating in the green agenda at this additional cost. You should consider building this into the cost of your ticket, rather than offering it as an extra cost or providing other ways to participate.Inclusive design broadens attendance overall and ultimately drives growth. so there are benefits for both parties.
“At the leadership level, companies disrupting traditional industries can accelerate a positive agenda for the planet through leaders from diverse backgrounds. It causes disruption by redefining the whole.
“This will ensure that the path forward is inclusive and accessible. Fintechs can learn from the mistakes of other industries and implement methodologies and strategies that are inclusive and have a positive environmental impact. through our diverse leaders and teams, and externally through our advisors who specialize in inclusiveness and sustainability.”