In line with a recent official press-release published, the WEF [World Economic Forum] revealed the formation of six separate “fourth industrial revolution councils” to figure on the new technology policy guidance.
As per the release, the councils will assist regulators regulate AI [Artificial Intelligence], autonomous mobility, ‘blockchain‘, drones, IOT [Internet of Things] as well as precision medicine. The boards – allegedly composed by over 200 leaders from the general public including with the private sectors, civil society and academia – will also gather periodically to deal with the absence of clearly outlined rules.
The announcement adds that the councils met for the 1st time today at the Forum’s Centre for the 4th Industrial Revolution Network held at San Francisco. The WEF guarantees that these organizations would permit cross-country policy exchange, address regulative gaps, form a standard understanding of best policy practices and offer strategic guidance.
Among the co-chairs of the councils are reportedly leaders from the Chinese Academy of Medical Sciences, Dana-Farber, European Commission, Microsoft, Qualcomm, Uber as well as the World Bank.
As ‘reported‘ earlier this month, the WEF has teamed up with over 100 international supply chain and logistics leaders to standardize blockchain applications within the industry.
Also earlier in January, the WEF ‘appointed‘ the chief executive officer and founder of BitPesa, Elizabeth Rossiello, to serve as one among the two co-chairs of the Global Blockchain Council.