Tron Founder Justin Sun Champions for Blockchain Tech in WTO Event


‘Global Economy Can Be Fixed by Blockchain,’ Says Tron Founder

Justin Sun, the founder of Tron and Grenada Ambassador to the World Trade Organization (WTO), said that blockchain could fix global economic crises at the Twelfth Ministerial Conference (MC12).

Sun spoke during the Small Island Developing States (SIDS) segment, where delegates of various WTO member states raised the discussion on climate change, ocean management, and e-commerce, among other topics.

<blockquote> “Global economy can be fixed by digital transformation and blockchain technology.” <blockquote>

He revealed that Grenada is “heavily dependent” on a multilateral trading system that is predictable, transparent, and efficient. Sun added that he is “working closely with WTO’s program on e-commerce in support of digitizing the economy.”

Notably, the MC12 conference discussed pressing issues, including the post-pandemic crisis, food safety and security, environment protection, IP protection on COVID-19 vaccines, and e-commerce, among other subjects. The event saw the decision to impose the Work Program on Small Economies, the TRIPS non-violation and situation complaints, and the Sanitary and Phytosanitary Declaration for the MC12 initiative.

Just recently, Sun appeared before the Organization of Eastern Caribbean States (OECS) and again championed digital innovation. “Grenada is facing an increase in commodities prices, climate crisis, and environmental emergencies,” says Sun. He believes optimized e-commerce and a borderless digital economy can address such crises.

Sun is said to be playing an essential role in the economic development of Grenada. He claimed that as long as he serves as a WTO representative for the Caribbean country, Sun would advocate for cooperation between Grenada and other countries to boost economic growth and digital transformation.

In 2017, Justin Sun founded Tron, a decentralized, open-source blockchain. The businessman stepped down from his post as Tron’s CEO to become a diplomat for Grenada in December 2021.

 

Related Posts

Ripple Labs Is 'Interested' in Bankrupt Crypto Lender Celsius and Its Assets, Company Spokesperson Says

Ripple Labs Is ‘Interested’ in Bankrupt Crypto Lender Celsius and Its Assets, Company Spokesperson Says – Bitcoin News

According to a Ripple Labs spokesperson, the distributed ledger company is interested in learning about the bankrupt crypto lender Celsius and its assets. When Ripple’s spokesperson was…

The War On Financial Privacy Is Escalating - Bitcoin Magazine

The War On Financial Privacy Is Escalating – Bitcoin Magazine

The below is a direct excerpt of Marty’s Bent Issue #1248: “The privacy wars have escalated.” Sign up for the newsletter here. The U.S. Treasury decided to…

Manilla Finance - The Next Big Thing in Blockchain, Almost Ready for Launch

Manilla Finance – The Next Big Thing in Blockchain, Almost Ready for Launch

The 21st century is described by many scholars as the Golden age, where every aspect of modern-day society is driven by technology. Distributed Ledger Technology, which many…

Bank of England Analysts See Crypto Having Important Roles in the Metaverse — Discuss the Need for Regulation

Bank of England Analysts See Crypto Having Important Roles in the Metaverse — Discuss the Need for Regulation – Metaverse Bitcoin News

Bank of England’s analysts say crypto assets could have important roles within the metaverse. “Widespread adoption of crypto in the metaverse … would require compliance with robust…

Vinteum logo

Vinteum Will Train And Sponsor Bitcoin Developers In Brazil And Latin America

The planet needs Vinteum because “we need developers from all over the world to build this global internet-native money.” What is Vinteum? In the post announcing the…

ReadON Completes $2M Seed Round to Build a Decentralized Content Distribution Platform – Press release Bitcoin News

ReadON Completes $2M Seed Round to Build a Decentralized Content Distribution Platform – Press release Bitcoin News

press release PRESS RELEASE. ReadON (readon.me), a company that aims to provide users with a brand-new content consumption experience by utilizing blockchain, completed its seed investment round…