Blockchain technology, a pillar of the Fourth Industrial Revolution, can not only unlock radical improvements across the public and private sectors, but also enable new business and governance models that help enhance security, accountability, and transparency for people worldwide. However, innovation that progresses without sufficient consideration for governance and user protection often leads to undesirable outcomes for individuals, companies and organizations, and society at large.
The World Economic Forum’s Global Blockchain Council drafted the following principles to help safeguard the promise of this technology. We hope that this document will provide creators of blockchain applications with a baseline for designing systems that preserve the rights of their participants.
We call on all actors, including developers, governments, executives, international organizations, corporate boards, and others, to uphold these tenets as they build blockchain applications – and to self-direct their ecosystems in using these principles as a foundational vision for how users can and should be protected.
We encourage participants and policymakers to leverage these principles as they seek to bring greater accountability to the systems that power our societies.
These principles are intended to serve as a steering document for the community. This document is not legally binding and is intended to be aspirational.
Sign on now:
How to use the principles:
Show how you are implementing the Principles by using the hashtag #PresidioPrinciples. If you have additional ideas for the list, you can submit them to firstname.lastname@example.org.
Here's a small sample of ideas for implementing the principles. More ideas available in the Signatory Resources.
Display you are a signatory on your website
Display the principles in your office
Encourage others in your network or industry to commit to the principles
Product Developers & Service Providers
Use principles as a common base or language for dev teams. (Ex: “Does this adhere to Principle #5?”)
Base “Go/No Go” decisions off adherence to the principles
Integrate the principles into your discovery and quality assurance processes
Civil Society & Think Tanks
Create and maintain indices around adherence to the principles
Capture and disseminate use cases of the principles in practice