OECD Launches Blockchain Expert Group to Promote DLT Adoption
The Organization for Economic Cooperation and Development (OECD), has created a Blockchain Expert Policy Advisory Board (BEPAB) to make it easier for governments and other stakeholders to tap the benefits of distributed ledger technology (DLT). In a bid to enable governments and other stakeholders to easily integrate DLT into their processes and take advantage of its immutability properties and its other excellent features, without having to bother about the risks associated with the innovative technology, the Organization for Economic Cooperation and Development (OECD) has created a Blockchain Expert Policy Advisory Board (BEPAB).
Reportedly, BEPAB is part of the OECD’s blockchain exploration initiative, which aims to make it possible for governments and other organizations to reap the benefits of blockchain technology while mitigating its risks. Against that backdrop, Yoichi Lida, the incoming Chair of the OECD’s Committee on Digital Economy Policy has stated categorically that the organization has a huge role to play in the blockchain ecosystem.
