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Digital Currency

Thousands of political and business leaders gathering in Davos to promote their vision for our future

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WEF social media video from 2016 that stated eight predictions about the world in 2030, including: “You’ll own nothing. And you’ll be happy. What you want you’ll rent, and it’ll be delivered by drone.” – Reuters 

From the: World Economic Forum Annual Meeting

  • The Annual Meeting 2023 will take place in Davos, Klosters from 16-20 January.

  • The theme of the meeting is ‘Cooperation in a Fragmented World’.

  • The meeting will bring together 2,700 leaders from 130 countries including 52 heads of state/government.

Cooperation in a Fragmented World

Under the theme ‘Cooperation in a Fragmented World’, the Annual Meeting 2023 will bring together more than 2,700 leaders from government, business and civil society, at a pivotal time for the world.

Multiple crises are deepening divisions and fragmenting the geopolitical landscape. Leaders must address people’s immediate, critical needs while also laying the groundwork for a more sustainable, resilient world by the end of the decade.

“We see the manifold political, economic and social forces creating increased fragmentation on a global and national level. To address the root causes of this erosion of trust, we need to reinforce cooperation between the government and business sectors, creating the conditions for a strong and durable recovery. At the same time there must be the recognition that economic development needs to be made more resilient, more sustainable and nobody should be left behind,” said Klaus Schwab, Founder and Executive Chairman, World Economic Forum.

The programme of the 53rd Annual Meeting focuses on solutions and public-private cooperation to tackle the world’s most pressing challenges. It encourages world leaders to work together on the interconnected issues of energy, climate and nature; investment, trade and infrastructure; frontier technologies and industry resilience; jobs, skills, social mobility and health; and geopolitical cooperation in a multipolar world. Special emphasis is on gender and geographical diversity across all sessions.

The full programme is available here. To learn more about the Forum’s impact, click here.

Top political leaders taking part include:

Olaf Scholz, Federal Chancellor of Germany; Ursula von der Leyen, President of the European Commission; Roberta Metsola, President of the European Parliament; Yoon Suk-yeol, President of the Republic of Korea; Cyril M. Ramaphosa, President of South Africa; Pedro Sánchez, Prime Minister of Spain; Alain Berset, President of the Swiss Confederation 2023 and Federal Councillor of Home Affairs; Ilham Aliyev, President of the Republic of Azerbaijan; Alexander De Croo, Prime Minister of Belgium; Gustavo Francisco Petro Urrego, President of Colombia; Félix Tshisekedi, President of the Democratic Republic of the Congo; Sanna Marin, Prime Minister of Finland; Kyriakos Mitsotakis, Prime Minister of Greece; Leo Varadkar, Taoiseach of Ireland; Maia Sandu, President of the Republic of Moldova; Aziz Akhannouch, Head of Government of Morocco; Mark Rutte, Prime Minister of the Netherlands; Ferdinand Marcos, President of the Philippines; Andrzej Duda, President of Poland; Aleksandar Vučić, President of Serbia; Samia SuluhuHassan, President of United Republic of Tanzania; Najla Bouden, Prime Minister of Tunisia.

As well as:

John F. Kerry, Special Presidential Envoy for Climate of the United States of America; Avril Haines, US Director of National Intelligence; Martin J. Walsh, Secretary of Labor of the United States; Katherine Tai, United States Trade Representative; Chrystia Freeland, Deputy Prime Minister and Minister of Finance of Canada; Christine Lagarde, President, European Central Bank.

Heads of international organizations taking part include:

Antonio Guterres, UN Secretary-General; Kristalina Georgieva, Managing Director, International Monetary Fund; Ngozi Okonjo-Iweala, Director General, World Trade Organization; Jens Stoltenberg, Secretary General, North Atlantic Treaty Organization; Tedros Adhanom Ghebreyesus, Director General, World Health Organization; Fatih Birol, Executive Director, International Energy Agency; Catherine Russell, Executive Director, UNICEF; Mirjana Spoljaric Egger, President, International Committee of the Red Cross.

This year will bring about the highest ever business participation at Davos, with over 1,500 leaders registered across 700 organizations, including over 600 of the world’s top CEOs form the World Economic Forum’s Members and Partners, with top-level representation from sectors such as financial services, energy, materials and infrastructure, information and communication technologies. They come as governments increasingly look to business to take big ideas and put them into action quickly and inclusively. There will also be a strong representation of Global Innovators who are transforming industries, with more than 90 mission-driven leaders from the Forum’s Technology Pioneers and recently launched Unicorn communities.

Leaders from civil society taking part in the meeting include:

Seth F. Berkley, Chief Executive Officer, Gavi, the Vaccine Alliance; Stephen Cotton, General-Secretary, International Transport Workers’ Federation; Christy Hoffman, General-Secretary, UNI Global Union; Hindou Oumarou Ibrahim, President, Association for Indigenous Women and Peoples of Chad; Azza Karam, Secretary-General, Religions for Peace; Oleksandra Matviichuk, Nobel Peace Prize Winner 2022 and President, Centre for Civil Liberties; David Miliband, President, International Rescue Committee; Luisa Neubauer, Climate Activist, Fridays for Future Movement; Kirsten Schuijt, Director-General, WWF International; and Gurudev Sri Sri Ravi Shankar, Founder, Art of Living Foundation.

Among the new initiatives at the Annual Meeting is the Global Collaboration Village, a purpose-driven metaverse that fosters more sustainable public-private collaboration and spurs action to deliver impact at scale. The first-ever metaverse multilateral meeting hosted by the Forum will bring together experts and leaders from finance, food and retail to drive action on ocean health and seafood waste.

This year more than 160 of the Forum’s civic-minded young leaders will join as members of our Global Shapers, Young Global Leaders and Social Entrepreneurs communities. We will also welcome nine Indigenous leaders bringing the knowledge and expertise of their communities to advance regional and global efforts in ecosystem restoration, inclusive trade and sustainable development.

More than 125 experts and heads of the world’s leading universities, research institutions, and think tanks will join the Meeting, bringing the latest facts, insights, science, and data into the programme and the Forum’s work.

The Arts and Culture programme features a number of sessions and immersive art installations on the preservation of coral reefs, displaced peoples and the global refugee crisis, gender equality and female empowerment, and global sea-level rise. It will include the 27th Annual Crystal Awards and our Cultural Leaders.

This year is the 20th anniversary of the Open Forum, which welcomes diverse people from around the world to listen and share experiences with experts and leaders on pressing issues. The theme is, Our Environment: Lessons, Challenges and Opportunities. For more information, click here.

The 53rd Annual Meeting will also be climate-neutral for the sixth consecutive year. New initiatives to boost resource efficiency and reduce emissions will build on the Forum’s 2018 ISO 20121 certification for sustainable event management. Learn more about our strategy and efforts here.


Example of a typical session sees varied personas such as the President of Columbia and former US VP Al Gore speaking with three environmentalists, three business leaders, the President of the National Congress of American Indians, and internationally renowned cellist Yo-Yo Ma talking about “Leading the Charge through Earth’s New Normal”.  Here is that agenda item:

WORLD ECONOMIC FORUM ANNUAL MEETING

Leading the Charge through Earth’s New Normal

The world is undergoing interacting crises in food, energy, health and nature that are threatening our way of life and accelerating us towards a global catastrophe.

What visionary leadership is needed for systems thinking, transformative solutions and global collaboration to build a more inclusive, prosperous and sustainable future?

Public Speakers

Joyeeta Gupta

Professor of Environment and Development in the Global South, University of Amsterdam

Johan Rockström

Director, Potsdam Institute for Climate Impact Research (PIK)

Roshni Nadar Malhotra

Chairperson, HCL Technologies Ltd

Al Gore

Vice-President of the United States (1993-2001); Chairman and Co-Founder, Generation Investment Management LLP

Gustavo Francisco Petro Urrego

President of Colombia, Colombia Government

Marc Benioff

Chair and Co-Chief Executive Officer, Salesforce

Andrew Forrest

Chairman and Founder, Fortescue Metals Group Limited

Fawn Sharp

President, National Congress of American Indians

Yo-Yo Ma

Cellist

Gim Huay Neo

Managing Director, Centre for Nature and Climate, World Economic Forum Geneva

 

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CBDC Central Bank Digital Currency

WEF report: Digital ID has become a standard feature for everyday life in Pakistan

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From LifeSiteNews

By Tim Hinchliffe

A WEF report, co-authored by the U.N. and World Bank, states that digital public infrastructure ‘is transforming lives in Pakistan,’ ushering in a need for digital ID such that adults in Pakistan cannot lead normal lives without it.

Digital identity sits at the heart of Pakistan’s Digital Public Infrastructure (DPI) transformation and is now a standard feature in every adult’s life, according to the WEF Agenda.

Published on the World Economic Forum (WEF) Agenda blog and co-written by representatives from the World Bank and the United Nations’ Better Than Cash Alliance, the story “Digital public infrastructure is transforming lives in Pakistan. Here’s how” highlights how adults in Pakistan cannot lead a normal life without having a digital identity, which is a key component of DPI.

 

“At the heart of Pakistan’s digital transformation is the National Database and Registration Authority (NADRA), established to overhaul the country’s identity systems,” the authors write, adding:

This was a foundational change, positioning Pakistan among a select group of nations equipped to manage comprehensive digital identities for over 240 million citizens.

The NADRA-issued Computerized National Identity Card (CNIC) is now a standard feature in every adult Pakistani’s life, facilitating a range of routine tasks such as opening bank accounts, purchasing airline tickets, acquiring driver’s licenses, and qualifying for social protection, thereby ensuring seamless identity authentication for every citizen.

Digital Public Infrastructure is a civic technology stack consisting of three components:

  • Digital Identity,
  • Fast Digital Payment Systems (e.g. programmable Central Bank Digital Currencies [CBDCs]),
  • Data Exchanges Between Public and Private Entities.

Now, “Pakistan is set to launch several ambitious DPI initiatives, including expanding the RAAST payment system, implementing a nationwide digital health records system, and launching a blockchain-based land registry,” according to the WEF Agenda.

In 2020 the State Bank of Pakistan partnered with non-profit Karandaaz, which is a “prime delivery partner of the Bill and Melinda Gates Foundation.”

In 2021 the Bill and Melinda Gates Foundation granted Karandaaz $4 million “to integrate the Ehsaas Program (biggest Government to Person Program in Pakistan) with RAAST-Pakistan’s Instant Payment System to enable interoperability and choice for the beneficiaries.”

Contributing to the WEF blog post are the World Bank’s technical advisor for Digital Public Infrastructure and Digital ID Tariq Malik, along with the U.N.-based Better Than Cash Alliance’s head of Asia Pacific Prerna Saxena and Pakistan lead Raza Matin.

The U.N.’s Better Than Cash Alliance advocates for “responsible digital payments” and repeatedly states it does not want to abolish physical cash.

However, the Better Than Cash Alliance does want more women to have accounts in their own name, which could also lead to more citizens being tracked, traced, and taxed in the digital system:

We do not want to abolish physical cash, but rather wish to ensure that people have choice in how they make and receive payments. It is important for people to have digital payment options that are responsible and ‘better than cash’ – for example, a woman can have a payment account in her own name, which she manages. To be clear, we do not want to prevent people from using cash, as sometimes it is the best or only payment option.

Speaking at the World Bank Group’s inaugural Global Digital Summit last March, World Bank President Ajay Banga said that digital identity should be embraced worldwide, and that governments should be the owners, so they can guarantee privacy and security for their citizens.

According to Banga, once everyone is hooked-up to a digital ID, then it can be linked to existing infrastructure run by private companies.

“Creating a digital identity platform for citizenry is kind of foundational, and I believe your government should be the owner of your digital ID; private companies should not own that,” said the World Bank president, adding, “it is the social contract of the citizens of their countries to have an identity, a currency, and safety. We should not take that away from them.”

“They should have the digital identity; that digital identity should guarantee the privacy of that citizen; it should help them with their security, but the government should give the identity,” said Banga, adding:

Once you do that, then connecting them to the infrastructure that a private company, either Ericsson or Verizon, or combinations of them – in fact mostly it’s a combination – then the question is, ‘What do you do with it that requires a digital ID?’ so you can start connecting with that citizen.

For Banga and other unelected globalists, digital identity is the key to unlocking access to goods and services through public-private partnerships – the fusion of corporation and state.

Last year, the United Nations partnered with the Bill and Melinda Gates Foundation to launch the 50-in-5 Digital Public Infrastructure campaign to accelerate digital ID, digital payments systems, and data sharing among 50 countries by 2028.

Last week, former British prime minister-turned globalist technocracy enthusiast Tony Blair said that digital ID was essential to modern infrastructure but would require “a little work of persuasion.”

Speaking on a panel about Digital Public Infrastructure at the International Monetary Fund’s (IMF) 2023 Spring Meetings, Infosys co-founder and ex-chair of the Unique Identification Authority of India (UIDAI), Nandan Nilekani, said that everybody should have a digital ID, a bank account, and a smartphone as they were the “tools of the New World” for digital public infrastructure.

India is the globalists’ shining example of what DPI should look like in practice.

Following the B20 India Summit last year, the leaders of the B20 published their annual communique, with a section dedicated to DPI rollouts.

The B20 India communique called on G20 nations to rollout DPI, with the first policy action being to “Promote the digitization of identities at the individual, enterprise, and farm levels that are both interoperable and recognized across borders.“

As a key performance indicator for digital ID rollouts, the B20 recommended that “G20 nations develop guidelines for unique single digital identification for MSME [micro, small, and medium-sized enterprises] and individuals that can be securely accessed (based on consent) by different government and private stakeholders for identity verification and information access within 3 years.”

Speaking at the WEF Global Technology Governance Summit in April 2021, Ukraine’s Minister of Digital Transformation Mykhailo Fedorov said that his government’s goal was to create a digital ID system that would make Ukraine the most convenient State in the world by operating like a digital service provider.

“We have to make a product that is so convenient that a person will be able to disrupt their stereotypes, to breakthrough from their fears, and start using a government-made application,” said Fedorov.

“Our goal is to enable all life situations with this digital ID,” he added.

While Ukraine has sought to enable all life situations with its digital ID, the WEF reports that digital identity “is now a standard feature in every adult Pakistani’s life.”

Reprinted with permission from The Sociable.

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How the EU could combine carbon passports, digital ID, and social credit for every product

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From LifeSiteNews

By Didi Rankovic

The European Union is going deep with its plans to introduce digital IDs across industries. Tying a form of digital ID to all products would make the introduction of carbon social credit scores easier to implement.

The concept of “carbon passports,” proposed as a measure to combat climate change, has, for a while now, raised significant concerns regarding civil liberties. These passports are designed to track an individual’s carbon footprint, including travel, energy consumption, and lifestyle choices. While their intention is to encourage environmentally friendly behaviors, they present a substantial threat to personal privacy by enabling continuous monitoring of personal activities.

This intrusion into privacy is not the only issue; carbon passports could potentially lead to discriminatory practices. Those in lower-income brackets, who often have limited access to green alternatives, might find themselves unfairly penalized. This system risks exacerbating social inequalities by disproportionately affecting those less financially equipped to make eco-friendly choices.

Furthermore, carbon passports could restrict movement and personal autonomy. Limiting travel or certain activities based on carbon usage might create a situation where only the wealthy, who can afford carbon offsets or sustainable options, maintain their freedom. This scenario paints a disturbing picture of environmental responsibility being accessible only to those with financial means.

Another concern is the centralization of power in the hands of entities controlling the carbon data. This centralization could lead to a slippery slope where tools designed for climate control evolve into instruments of more oppressive surveillance and control. The balance between addressing environmental concerns and maintaining civil liberties is delicate and crucial.

As part of the push towards carbon passports, a new idea – tying a form of digital ID to all products is also being pushed. It makes the introduction of carbon social credit scores easier to implement.

The European Union is going deep with its plans to introduce digital IDs (in this case, “digital product passports, DDPs”) across industries. DDPs specifically refer to apparel, accessories and electronics.

Brands are now starting to work on integrating the tech – that the European Commission says is necessary for the greater good of citizens, such as meeting “sustainability goals” – the so-called green deal, carbon emissions, all the things – and then there’s access to services and contactless payment.

Critics, on the other hand, say it’s simply yet another way to abuse consumers by harvesting even more of their data. The opponents’ fears appear to rely on solid facts since some of the data collected thanks to the EU’s proposed scheme will profile people based on their behavior, preferences, and even the value of their “resale profile.”

The deadline mentioned is as early as 2026 – that’s how soon brands would have to incorporate digital passports into their products.

And, don’t expect any resistance from brands. Reports are saying that they are working hard to meet the deadline of meeting what is referred to as the European Commission’s “real-world uses for digital identities.”

READ: EU claims digital ID wallet will be voluntary. India said the same before it became mandatory

On the side of the fashion industry, there will be the need to let the EU know – no longer voluntarily – about how they manufacture items, organize their supply chains, and the materials used.

Well, don’t expect brands to only implement the tech to make the EU feel good about itself. “Brands currently testing the technology are figuring out ways for it to collect customer data and add perks beyond the point of purchase,” writes Vogue Business.

Already trying to go a step above linking physical items with digital identity – as is the case with QR and NFC – and meet EU goals are the likes of Balenciaga, RealReal, and Boss, the article mentions.

And unlike that “old tech” that was there mostly to facilitate and protect transactions, manufacturers and customers, Mojito CEO Raakhee Miller had this interesting take on what’s referred to as the upcoming, “physical first” method: it “not only enhances the product’s value,” said Miller, “but also deepens consumer engagement.”

So, how deeply does the EU – and brands following its diktat – want to “engage” customers, other than people handing over money for a product they buy? This is where what’s basically data harvesting and mining comes into play, even if it is explained in fancy (and unsurprisingly, equally meaningless) terms like “phygital goods” and “metaverse approach.”

But, so to speak, the proof is in the word salad: the point is to have services and use cases “more anchored in client needs.” And clearly, to know what those needs are, one must first better know the client. Meaning, beyond what the client is currently comfortable sharing with multinational conglomerates.

Can’t we all just buy what we want, and move along? Please?

Not so fast, the EU says, and people like Vestiaire Collective VP of Partnerships Laura Escure explain it by no less than what might seem to many as basically questioning the customers’ cognitive abilities.

“The barriers around Web3 were not helping consumers to think thoroughly about luxury,” Escure is quoted.

READ: World Bank president advocates global digital ID scheme at tech summit

And did you know that if you dish out a lot of money on a luxury product, there’s a whole “story” behind it – beside the one in your bank statement? That’s how Aura Blockchain Consortium CEO Romain Carrere wants you to think about the situation.

“We believe in a future where every customer feels connected to the story behind their products, and the DPP is the key to unlocking that narrative. It’s not just a digital passport, it’s a journey of trust and empowerment for every consumer,” said Carrere.

But mostly, it would seem, it’s a narrative. There to empower itself, and those in positions of power, rather than the customer.

Back in EU’s bureaucracy, the digital product passport proposals first saw the light of day in the spring of 2022, naturally, as “sustainability” enhancing mechanisms related to products, and about a year later, this was officially presented on the European Commission website as a way to share key information about a product.

The information would be shared “across all the relevant economic actors,” a press release said in May 2023. Things are happening in this space under the Proposal for Ecodesign for Sustainable Products Regulation (ESPR).

The EU claims its goals are to boost what it calls circular economy, material and energy efficiency, and extend product lifetimes, as well as the way waste from those products is eventually handled.

The bloc also declares some grand ambitions here – like creating new business opportunities – “based on improved data access,” though.

And the EU is not above putting down consumers either, while at once working to elevate the level of data scrounged off of them. The DDP scheme, the Commission says, will “help consumers in making sustainable choices.”

And, for now – “allow authorities to verify compliance with legal obligations.”

Reprinted with permission from Reclaim The Net.

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