The World Economic Forum’s Global Blockchain Council drafted the following principles to help safeguard the promise of blockchain technology. WEF hopes that this document will provide creators of blockchain applications with a baseline for designing systems that preserve the rights of their participants.
The Presidio Principles are a bill of rights, a guidepost that provides a foundation for us align the technology we’re building to the social values of the system we want to be a part of.
The Presidio Principles are grouped into four broad pillars:
- Transparency & Accessibility – The right to information about the system
- Agency & Interoperability – The right for individuals to own and manage their data
- Privacy & Security – The right to data protection
- Accountability & Governance – The right for participants to understand available recourse