WEF forms new councils for the next age of tech
Priya Wadhwa
10x Industry

WEF forms new councils for the next age of tech

Ushering in a new era of technology regulation.

Blockchain, cryptocurrencies, artificial intelligence, drones, driverless cars, internet of things, precision medicine—they all are disruptive tech spheres that need regulation and policy guidance because they have the power to negatively affect humanity and our world.

True to this sentiment, the World Economic Forum (WEF) has announced the “formation of six separate ‘fourth industrial revolution councils’ to work on new technology policy guidance.”

The council boards are composed by over 200 leaders from public and private sectors, civil society and academia; who intend to regularly meet to address the absence of policy and governance rules.

WEF has also partnered with over a hundred global supply chain and logistics leaders to standardise blockchain apps in the industry.

The welcomed move will work to ensure the safety and moral workings of these new-age technologies. We have seen the data and privacy concerns that come with unregulated powers of Facebook, Google, Amazon, and the likes. With the council being at the forefront of policy issues, we hope to avoid the mistakes that arise from lack of policy and regulation. Read more about WEF’s tech policy councils here.