This week on Decentralize With Coinposter, the team discusses their experiences covering the World Economic Forum in Davos while crypto and traditional finance continue to converge.
Traditional finance, also known as TradFi, is continuing its investigation into the realm of cryptocurrencies and blockchain technology. In 2023, the World Economic Forum will offer further workshops and sessions for the traditional finance industry. As the team from Coinposter monitored the action over a hectic week, they noticed that these were some of the significant themes that emerged. During a late-night recording session, the team went through everything that readers of the new Decentralize With Coinposter podcast need to know about the previous week in order to prepare for it.
The editor-in-chief of Coinposter pondered on her access within the WEF compared to the access she had in Davos during prior years. She also discussed the ongoing synergies between traditional banking and decentralized finance, commonly known as DeFi, which were apparent from the numerous industry events that were taking place in the cryptocurrency space. The writer for Coinposter was asked to write about these cryptocurrency meet-ups, which took place in a number of businesses along Davos’s central promenade that had been rebuilt just for the events.
Jenkinson noted the ongoing cross-pollination between the sectors when speaking to a number of industry insiders and TradFi attendees. On the other hand, only a small number of cryptocurrency players were active in the conversations taking place at the World Economic Forum.
The ride to and through Davos 2023 proved to be both entertaining and educational, as evidenced by the CEO of JPMorgan Chase, Jamie Dimon, expressing increased pessimism over Bitcoin and the team from Coinposter nearly becoming stranded owing to frozen diesel in their gas tank.
However, in recent years, a number of crypto and blockchain firms, projects, and events have rented space along the central road that runs to the World Economic Forum conference compound in Davos. Davos has long been considered the spiritual home of the World Economic Forum (WEF).
On the promenade, crypto advocates mingled with members of TradFi and inquisitive visitors from public and commercial institutions. However, only a tiny number of crypto-related institutions took part in workshops held within the WEF.
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