‘CBDCs are the natural evolution,’ says HyperLedger director Barbosa

cointelegraph.com:

For Daniela Barbosa — general manager of blockchain, healthcare and identity at the Linux Foundation and executive director of Hyperledger — digital currencies and cryptocurrencies have made it among the big banks at the World Economic Forum in Davos. 

In an interview with Cointelegraph shot against the backdrop of the Swiss Alps, Barbosa explained that in the few years she has attended the WEF, the presence of cryptocurrency companies has steadily grown. What's more, we should not be afraid of central bank digital currencies (CBDCs).

While the WEF saw calls from some bankers for a CBDC rollout to slow down, Barbosa explained that a CBDC could be with us in this decade.

Hyperledger’s work overlaps that of CBDCs, particularly in light of a partnership with the Digital Dollar Project. The nonprofit organization seeks to further the research into a U.S. CBDC. The key to CBDC implementation, however, is in succeeding with “privacy-preserving methods.”

An advocate for digital identity, privacy and “having control of your data,” Barbosa also shared the story of how she got into Bitcoin while living in San Francisco and working for Dow Jones in the mid-2010s.

Fortunately, Barbosa kept abreast of Bitcoin and the market when time allowed before joining HyperLedger, an enterprise blockchain solutions-based company, in 2016.

Related: UN agency head sees 'massive opportunities' in crypto: WEF 2022

While blockchains can sometimes be touted as a catch-all solution, Barbosa explained that sometimes blockchains are not the ideal situation and “should not be used.” Many blockchain use cases in 2016 and 2017, for example, wanted the “media to pay attention.” In 2022, a blockchain works when:

HyperLedger now covers everything from