Please describe your proposed solution
Overview of the Problem:
The global landscape of Digital Assets and Web3 technologies is rapidly evolving, leading to fragmented and inconsistent regulations due to the lack of coordinated international legislative efforts. Legislators often lack the specialized knowledge required to effectively regulate these emerging technologies, which can stifle innovation and create legal uncertainties.
Proposed Solution:
We propose to host the kickoff meeting of the Digital Assets - Legislators Global Forum (DALG Forum) in March 2025 at the UK Parliament. This initial meeting will serve as a pilot to assess the engagement of global legislators and the demand for an ongoing forum. It will bring together legislators, regulators, and industry leaders to begin the critical conversations around Digital Assets, Web3, and Fintech. The focus will be on sharing knowledge, identifying key challenges, and exploring the potential for international collaboration in shaping global standards.
Why This Approach:
By starting with a focused kickoff meeting with global legislators, we can gauge the interest and commitment of legislators worldwide and determine the viability of establishing a more permanent forum. This event will allow us to test the waters, identify potential champions for the industry in different regions, and refine the forum’s structure and objectives based on real-time feedback from participants.
Engagement and Impact:
The kickoff meeting will involve 10-20 legislators from various jurisdictions, alongside regulators and industry leaders. We will facilitate roundtable discussions, workshops, and networking sessions designed to foster collaboration and knowledge sharing.
The impact of this initiative will be measured by the following:
- Legislative Interest: The level of engagement from participating legislators and their expressed commitment to continued involvement.
- Knowledge Exchange: The quality of the discussions and the relevance of the insights shared.
- Future Planning: The identification of key topics and regions for future forum sessions, based on feedback from the kickoff meeting.
Uniqueness and Importance to Cardano:
The kickoff meeting is unique in its focus on legislators and its potential to lay the groundwork for a coordinated international effort in digital asset regulation. For the Cardano community, this initiative is crucial because it aligns with the broader goals of fostering sustainable innovation and establishing Cardano as a key player in the global blockchain ecosystem. This event will help ensure that future regulations are conducive to the growth and adoption of Cardano technologies.
SDG Goals:
SDG 9: Industry, Innovation, and Infrastructure
SDG 16: Peace, Justice, and Strong Institutions
SDG 17: Partnerships for the Goals
SDG Subgoals:
9.5: Enhance scientific research, upgrade the technological capabilities of industrial sectors in all countries, encouraging innovation.
16.6: Develop effective, accountable, and transparent institutions at all levels.
17.6: Enhance North-South, South-South, and triangular regional and international cooperation on and access to science, technology, and innovation and enhance knowledge-sharing on mutually agreed terms.