For Daniela Barbosa — general manager of blockchain, healthcare and identity at the Linux Foundation and chief executive of Hyperledger — digital currencies and cryptocurrencies took their place among the big banks at the World Economic Forum in Davos.

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In an interview with Cryptooshala, filmed against the backdrop of the Swiss Alps, Barbosa explained that over the few years she has been attending the WEF, the presence of crypto companies has grown steadily. Moreover, we should not be afraid of central bank digital currencies (CBDC).

“CBDC is the natural evolution of digital dollars and digital currencies.”

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While the WEF heard calls from some bankers to slow down the rollout of CBDC, Barbosa explained that CBDC could be with us this decade.

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The work of Hyperledger overlaps with that of the CBDC, especially in light of the partnership with the Digital Dollar project. The non-profit organization is committed to continuing research on the American CBDC. However, the key to implementing a CBDC is to succeed with “privacy practices.”

A proponent of digital identity, privacy, and “control of your data,” Barbosa also shared a story about how she got into bitcoin while living in San Francisco and working at Dow Jones in the mid-2010s.

“I went to [Bitcoin] met once, and I was the oldest and also a woman – and I thought, maybe this is not for me?

Luckily, Barbosa was aware of bitcoin and the market where time allowed before joining HyperLedger, an enterprise blockchain solutions company, in 2016.

UN agency head sees ‘huge opportunities’ in cryptocurrency: WEF 2022

While sometimes blockchains can be touted as a one-stop solution, Barbosa explained that sometimes blockchains are not an ideal situation and “should not be used.” For example, many blockchain use cases in 2016 and 2017 required “media attention.” In 2022, blockchain works when:

“You want to use a distributed ledger when you have multiple parties that work together – you don’t want to create another intermediate layer that will help get rid of intermediaries in all the assets that circulate.”

HyperLedger now spans everything from pharmaceuticals to finance, and its blockchain solutions address climate change.