OECD has introduced the creation of an expert group to advise on its work on blockchain and other distributed ledger technologies. This will include the development of high-level blockchain policy principles. The formation of the group after the establishment of the OECD Blockchain Policy Center in 2018.
The organization is also known as Blockchain Expert Policy Advisory Board (BEPAB). The intergovernmental organization currently has 36 member states, with the European Commission involved in its work. Members join with experts from OECD and delegations from other countries.
The formation of BEPAB reflects the OECD’s program of expansion, exploring the policy implications of this disruptive technology, working to help governments and other stakeholders reap benefits while minimizing risk.
The geographic diversity of BEPAB is critical to the development of international blockchain policy principles, as explained by Yoichi Iida, Deputy General Manager of the G7 / G20 Relationship of the Japanese Ministry of Internal Affairs and Communications and incoming Chair of the CDEP.
The full list of BEPAB members is available. After discussions with CMF and CDEP, the group’s initial focus will be on issues related to the international framework on blockchain policy principles. The expert team held its first meeting in December 2019.
This group of senior experts includes 45 governments and representatives of the European Commission, the private sector, industry bodies, and civil society groups. The current list of members shows a total of 93 experts.
Among the members of the expert group from crypto and blockchain are executives from the Libra Association, Facebook’s Calibra, Aidtech, Bitfury, BITT, Blockchangers, Block.one, Consensys, Maker Foundation, Everledger, Etoro, Infrachain, Iobuilders, Outlier Ventures, R3, Ripple, and SALT.
Other members include officials from the European Parliament and government agencies of many countries, including the United States, Egypt, Japan, Germany, Spain, South Korea, Sweden, and the United Kingdom Representative. Great Britain from a number of central banks, blockchain associations, academic institutions, and industry bodies are also members.
Developing blockchain policy principles has been a natural development of OECD work in the blockchain space over the past six years. In addition to forming BEPAB, through the Global Blockchain Policy Forum, OECD is encouraging discussions around the policy implications of distributed ledger technology. The 2019 Forum welcomed more than 1600 OECD participants to share their insights on the impact and policy implications of distributed ledger technology over its wide range of applications.
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