17-20 January 2017Davos-Klosters, Switzerland


  • Pre-Meeting Press Conference

  • Cancer Moonshot

  • Welcome Message by the Executive Chairman

  • The 23rd Annual Crystal Awards

  • Davos Today 17/01/2017

  • Size Matters: The Future of Big Business

  • Promise or Peril: Decoding the Future of Work

  • Strategic Update: The Future of the Digital Economy

  • Strategic Update: The Future of Finance

  • Press Conference: Meet the Co-Chairs of the Annual Meeting 2017

  • Strategic Update: The Future of Energy

  • Strategic Update: The Future of Innovation

  • Discover a World beyond X and Y Genes

  • Monetary Policy: Where Will Things Land?

  • Issue Briefing: Fourth Industrial Revolution The Impact on Women

  • Welcoming Remarks and Special Address

  • What Is it to Be Human in the Fourth Industrial Revolution?

  • Outlook for the United States

  • An Insight, An Idea with Matt Damon and Gary White

  • Advancing the Sustainable Development Agenda

  • Press Conference: How Are Leading Social Enterprises Creating Impact at…

  • Artificial Intelligence

  • A Conversation with Adel Al Jubeir on Middle East Security

  • Powering Africa

  • An Insight, An Idea with Shakira

  • Press Conference with the Prime Minister of Sri Lanka

  • Issue Briefing: Who Can Lead a Multipolar World?

  • An Insight, An Idea with Guy Standing

  • A Conversation with John Kerry: Diplomacy in an Era of Disruption

  • Issue Briefing: Ending Corruption

  • Press Conference with the Vice-President of Nigeria

  • Rebuilding Trust in the Healthcare Industry

  • The New Lead Characters

  • Terrorism in the Digital Age

  • Global Growth Markets Outlook

  • Press Conference: Access to Safe Water with Gary White and Matt Damon

  • Issue Briefing: Smart Policy for a Digital Economy

  • Strategy Update: The Future of Consumption

  • Harnessing Regional Cooperation in South Asia

  • Press Conference: C/Can 2025 – Changing the future of cancer in urban po…

  • Shaping Davos: Bridging the Urban-Rural Divide

  • China’s Pivot to World Markets

  • Preparing for the Fourth Industrial Revolution

  • Opening Plenary with Xi Jinping, President of the People’s Republic of C…


  • Davos Today 18/01/2017

    06:00 GMT 18/1/2017
  • An Insight, An Idea with Forest Whitaker

    07:45 GMT 18/1/2017
  • Squeezed and Angry: How to Fix the Middle-Class Crisis

    08:00 GMT 18/1/2017
  • The Future of Warfare

    08:00 GMT 18/1/2017
  • Issue Briefing: Forecasting Failure

    08:00 GMT 18/1/2017
  • Press Conference: How well are companies prepared to withstand cyberatta…

    08:00 GMT 18/1/2017
  • The Post-Multicultural Era?

    08:15 GMT 18/1/2017
  • An Insight, An Idea with Michael Sandel

    08:45 GMT 18/1/2017
  • Issue Briefing: Climate Change: COP Out?

    09:00 GMT 18/1/2017
  • Press Conference: Are we losing the fight for human health?

    09:00 GMT 18/1/2017
  • Special Address by Joe Biden, Vice President of the United States

    09:30 GMT 18/1/2017
  • Governing Globalization

    09:45 GMT 18/1/2017
  • An Insight, An Idea with Wang Jianlin

    09:45 GMT 18/1/2017
  • Politics of Fear or Rebellion of the Forgotten?

    10:00 GMT 18/1/2017
  • Shaping the Future of Latin America

    10:00 GMT 18/1/2017
  • Press Conference: Investment in Sustainable Infrastructure

    10:00 GMT 18/1/2017
  • A Compact for Responsible Business Leadership

    10:00 GMT 18/1/2017
  • Issue Briefing: Human Rights in a Multipolar World

    10:00 GMT 18/1/2017
  • An Insight, An Idea with Ginni Rometty

    10:30 GMT 18/1/2017
  • Iran in the Region and the World

    11:00 GMT 18/1/2017
  • Prosperity in the Age of Longevity

    11:30 GMT 18/1/2017
  • A Conversation with Karan Johar and Sharmeen Obaid-Chinoy

    11:30 GMT 18/1/2017
  • Leading in Divided Times

    11:45 GMT 18/1/2017
  • Strengthening Democracy

    12:00 GMT 18/1/2017
  • The Future of Arab Economies

    12:00 GMT 18/1/2017
  • Press Conference with the Finance Minister of Brazil

    12:00 GMT 18/1/2017
  • A Positive Narrative for the Global Community

    13:00 GMT 18/1/2017
  • An Insight, An Idea with Jamie Oliver

    13:00 GMT 18/1/2017
  • Press Conference: Fighting Cybercrime

    13:00 GMT 18/1/2017
  • An Insight, An Idea with Yemi Osinbajo

    13:00 GMT 18/1/2017
  • A Basic Income for All: Dream or Delusion?

    13:30 GMT 18/1/2017
  • Is the Transatlantic Alliance at a Tipping Point?

    13:45 GMT 18/1/2017
  • Feel Better or Your Money Back

    14:00 GMT 18/1/2017
  • China’s Role for Global Prosperity

    14:00 GMT 18/1/2017
  • Press Conference with the Prime Minister and Finance Minister of Sweden

    14:00 GMT 18/1/2017
  • Fixing Europe’s Disunion

    14:45 GMT 18/1/2017
  • Global Statesman Award: Lessons from Peace in Colombia

    15:00 GMT 18/1/2017
  • Press Conference: Accelerating Reforms in the Arab World

    15:00 GMT 18/1/2017
  • Disrupting the Status Quo of Gender Roles

    15:30 GMT 18/1/2017
  • Energy’s Clean Transition

    15:45 GMT 18/1/2017
  • Investing in Peace

    16:00 GMT 18/1/2017
  • Shaping Davos: Cities as Hubs of Innovation

    16:00 GMT 18/1/2017
  • Press Conference: Risk Transformation in the Fourth Industrial Revolution

    16:00 GMT 18/1/2017
  • Issue Briefing: Ending Executive Pay

    16:00 GMT 18/1/2017
  • The Great American Divide

    17:00 GMT 18/1/2017
  • A New Chapter for Climate Action

    17:00 GMT 18/1/2017
  • An Insight, An Idea with Jack Ma

    17:15 GMT 18/1/2017
  • Press Conference with the President of Colombia

    17:30 GMT 18/1/2017
  • New Models for Europe

    17:30 GMT 18/1/2017
  • Davos Today 19/01/2017

    06:00 GMT 19/1/2017
  • Asia Takes the Lead

    08:00 GMT 19/1/2017
  • Creating Profit through Purpose

    08:00 GMT 19/1/2017
  • Press Conference: The Coalition for Epidemic Preparedness Innovations (C…

    08:00 GMT 19/1/2017
  • Issue Briefing: The Post-EU Era

    08:00 GMT 19/1/2017
  • The Return of Carbon Markets

    08:15 GMT 19/1/2017
  • The Art of Dissent

    08:15 GMT 19/1/2017
  • Issue Briefing: Jobs and the Fourth Industrial Revolution

    09:00 GMT 19/1/2017
  • Special Address by Theresa May, Prime Minister of the United Kingdom

    09:15 GMT 19/1/2017
  • Shaping a National Digital Strategy

    09:45 GMT 19/1/2017
  • Global Banking Outlook

    10:00 GMT 19/1/2017
  • What If: Privacy Becomes a Luxury Good?

    10:00 GMT 19/1/2017
  • Which Europe Now?

    10:00 GMT 19/1/2017
  • Press Conference: The Future of Humanitarian Payments

    10:00 GMT 19/1/2017
  • The G20 Agenda: Charting a New Course for Growth

    10:00 GMT 19/1/2017
  • Issue Briefing: Digital Wildfires

    10:00 GMT 19/1/2017
  • An Insight, An Idea with Cardinal Pietro Parolin

    11:00 GMT 19/1/2017
  • Leadership beyond Borders: The Afghan Women’s Orchestra “Zohra”

    11:30 GMT 19/1/2017
  • Shaping Davos: Meeting the Youth Imperative

    11:30 GMT 19/1/2017
  • Saudi Arabia’s Path to 2030

    11:45 GMT 19/1/2017
  • India’s Turn to Transform

    12:30 GMT 19/1/2017
  • A Conversation on the Future of Medicine

    12:45 GMT 19/1/2017
  • Press Conference: The Digital Transformation of Industries

    13:00 GMT 19/1/2017
  • An Insight, An Idea with Sergey Brin

    13:15 GMT 19/1/2017
  • CEPI: A Global Initiative to Fight Epidemics

    13:30 GMT 19/1/2017
  • Good for Business: The Power of Being Out

    13:45 GMT 19/1/2017
  • The Global Energy Outlook

    14:00 GMT 19/1/2017
  • Russia in the World

    14:00 GMT 19/1/2017
  • Taxation without Borders: A Fair Share from Multinationals

    14:00 GMT 19/1/2017
  • Press Conference: Can we live sustainably with Plastics?

    14:00 GMT 19/1/2017
  • Issue Briefing: Inclusive Growth

    14:00 GMT 19/1/2017
  • Cooperation for Peace: A New Vision for the United Nations

    15:00 GMT 19/1/2017
  • Press Conference with the Afghan Women’s Orchestra “Zohra”

    15:00 GMT 19/1/2017
  • Issue Briefing: The New Great Game

    15:00 GMT 19/1/2017
  • Redefining Europe’s Security Agenda

    15:30 GMT 19/1/2017
  • The Global Fintech Revolution

    15:30 GMT 19/1/2017
  • Redesigning Humanitarian Action: Beyond the Crisis

    15:30 GMT 19/1/2017
  • Ending Corruption: The Recovery of Trust

    15:30 GMT 19/1/2017
  • Issue Briefing: The Sixth Great Extinction

    16:00 GMT 19/1/2017
  • Industry’s Next Frontier

    17:00 GMT 19/1/2017
  • Protectionism: Back to the Future?

    17:00 GMT 19/1/2017
  • The Twin Challenge of State-Building: Growth and Security

    17:00 GMT 19/1/2017
  • Bridging Generational Differences

    17:30 GMT 19/1/2017
  • Davos Today 20/01/2017

    06:00 GMT 20/1/2017
  • The Race against Racism

    08:00 GMT 20/1/2017
  • Cyber War

    08:00 GMT 20/1/2017
  • Global Science Outlook

    08:15 GMT 20/1/2017
  • Shifting Gears to Driverless

    08:15 GMT 20/1/2017
  • Britain and the EU: The Way Forward

    08:15 GMT 20/1/2017
  • Issue Briefing: Tolerance at the Tipping Point?

    09:00 GMT 20/1/2017
  • Syria and Iraq: Ending the Conflict

    09:45 GMT 20/1/2017
  • An Insight, An Idea with Duncan Haldane

    09:45 GMT 20/1/2017
  • A New Security Framework for Asia

    09:45 GMT 20/1/2017
  • Global Economic Outlook

    10:00 GMT 20/1/2017
  • Raising Life Expectancy and Expectations

    10:00 GMT 20/1/2017
  • Issue Briefing: Financial Regulation The Solution?

    10:00 GMT 20/1/2017
  • Press Conference with EU Commissioner Carlos Moedas

    10:00 GMT 20/1/2017
  • Shaping Davos: Pioneering Change in the Fourth Industrial Revolution

    11:00 GMT 20/1/2017
  • An Insight, An Idea with Joichi Ito

    11:00 GMT 20/1/2017
  • A Conversation with Mehmet Şimşek, Deputy Prime Minister of Turkey

    11:15 GMT 20/1/2017
  • Mental Health Matters

    11:30 GMT 20/1/2017
  • The Hospital of the Future

    13:00 GMT 20/1/2017
  • Data Is the New Oil

    13:00 GMT 20/1/2017
  • Maintaining Innovation

    13:00 GMT 20/1/2017
  • Press Conference: An Update on the WTO Ministerial Meeting

    13:30 GMT 20/1/2017
  • The Global Security Outlook

    14:15 GMT 20/1/2017
  • Manufacturing Identity: Is ASEAN a Community Yet?

    14:15 GMT 20/1/2017
  • An Insight, An Idea with Nico Rosberg

    14:30 GMT 20/1/2017
  • A Davos Tribute to Shimon Peres

    15:20 GMT 20/1/2017
  • A Conversation with Henry Kissinger on the World in 2017

    15:30 GMT 20/1/2017
  • Responsive and Responsible Leadership in 2017

    16:00 GMT 20/1/2017
  • Closing Performance

    16:30 GMT 20/1/2017

Opening Plenary with Xi Jinping, President of the People’s Republic of China

19:00 GMT 17 January, 2017Audio:
Day 1
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Davos 2017

Last update 6h ago · 19:21 GMT

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  • 6h ago · 19:21 GMT

    Coming up on Wednesday

    The first day of Davos 2017 is drawing to a close, but there’s plenty more coming up tomorrow. Here are some of the key sessions to follow on Wednesday:

  • 7h ago · 18:54 GMT

    China’s Pivot to World Markets

    China is set to overtake the US soon as an outward investor, as its investments grow at 20% per year. The experts in this session explore how Chinese companies’ global investments are transforming industries and markets around the world.

    China’s foreign investment has surpassed inward investment into China, says
    Liu Liehong, CEO of China Electronics Corporation

    Investing in emerging economies

    One major focus for China’s foreign direct investment (FDI) has been developing economies, including Latin America.

    @aliciabarcena explains that since 2000 trade between LatAm & China has expanded 23 times, but there is opportunity for more.

    As Alicia Bárcena Ibarra, Executive Secretary of the United Nations Economic Commission for Latin America and the Caribbean, explains, while regional trade with China has expanded significantly, “we want more.”

    She highlights that trade largely covers only five products, all of which are commodities, and that there is an opportunity for greater collaboration across areas such as energy, infrastructure and agriculture. The latter, in particular, represents a great opportunity in terms of ensuring food security for China, Ibarra points out. She adds: “We can build a strategic partnership with China.”

    However, she also explains that there is still a great need to foster mutual understanding between China and the countries in the regions in which China is investing. Some markets need to better understand the reasons for – and benefits of – Chinese investment.

    “The day President Xi arrived in Chile was the same day Donald Trump announced he wouldn’t sign the Trans-Pacific Partnership. China is now the second largest trade partner for Latin America – maybe this will change soon,” she says.

    Building the New Silk Road

    One of the key drivers of China’s overseas investments is the New Silk Road project – also known as “One Belt, One Road” – to develop two new trade corridors, which aims to lift the value of cross-border trade to $2.5 trillion within a decade.

    Li Xiaopeng, Vice-Chairman and Group President of China Merchants Group, shares some of the approaches taken by China as part of the New Silk Road initiative, including the so-called “PPC model”, which sees development of new industrial areas starting with a port, around which an industrial zone and a city are established.

    The benefits from the New Silk Road project for the region are mutual, with all parties sharing experience through their partnership, explains Li Xiaopeng.

    On One Belt One Road, Li Xiaopeng, China Merchants Group, says partners benefit from China’s experience as China does from theirs

    Room for development

    Nouriel Roubini, a business professor at New York University, points out that there needs to be greater reciprocity in order to maintain a balance of investments between the US and Europe on the one hand and China on the other.

    The session concludes on expectations for 2017, with Zhang Yi-Chen, Chairman and Chief Executive Officer, CITIC Capital Holdings Limited, emphasising that, on the whole, overall foreign investment will be lower than in 2016. He also stresses the need for companies seeking to expand in China in future to find strong local partners to work with, citing McDonald’s and KFC as examples.

  • 7h ago · 18:44 GMT

    Preparing for the Fourth Industrial Revolution

    The possibilities of the Fourth Industrial Revolution are immense, with emerging technologies such as artificial intelligence, robotics, the Internet of Things, autonomous vehicles, 3D-printing, nanotechnology, biotechnology, energy storage and quantum computing potentially transforming almost every aspect of our lives.

    But what’s needed from the public and private sectors to ensure the Fourth Industrial Revolution benefits everyone? This panel aims to answer this question.

    Leadership and the 4IR

    Ngaire Woods, Dean of the Blavatnik School of Government, believes that people in the United Kingdom and U.S. have “risen up” because of a lack of faith in their leaders, not least because of the uncertainties introduced by rapid technological change.

    Governments need a narrative, to start to rebuild trust to manage the Fourth Industrial Revolution, Ngaire Woods tells

    “Our technology is advancing at a rate that we can’t even comprehend,” says Marc Benioff of Salesforce. “We must ask how it will help the average working man for the future.”

    Mukesh D. Ambani, Chairman of Reliance Industries, is convinced that 4IR technologies will be inclusive and benefit all. They are an equaliser, particularly for countries such as India, he suggests.

    Technology is moving rapidly, creating capable work environments for the future of the Fourth Industrial Revolution @benioff tells

    The importance of education

    Advances in technology make education crucial for today’s workers, says General Motors Chairman Mary Barra.

    Educating employees in future digital skills will be crucial to prepare for the Fourth Industrial Revolution @mtbarra tells

    “People need to be taught these skills,” says Vishal Sikka. Innovation and entrepreneurship can be taught, and he believes that “we are not doing enough” in this regard.

    Exploring new models of education will be a fundamental part of this adaptation, suggests Marc Benioff.

    Access to technology

    While advances in artificial intelligence are staggering, says Vishal Sikka, CEO of Infosys, they can also become a divisive problem. He believes a “deep commitment to bridging the technology displacement gap” will be important for the future.

    We must learn to build inclusive technology for everyone and create access in the future, Mukesh D. Ambani tells

  • 8h ago · 17:45 GMT

    President Xi’s speech to Davos in full

    I’m delighted to come to beautiful Davos. Though just a small town in the Alps, Davos is an important window for taking the pulse of the global economy. People from around the world come here to exchange ideas and insights, which broaden their vision. This makes the WEF annual meeting a cost-effective brainstorming event, which I would call “Schwab economics”.

    Read the full article
  • 9h ago · 17:04 GMT

    7 shocking facts about global inequality

  • 9h ago · 16:54 GMT

    5 things you’ve got wrong about Donald Trump, according to one of his closest aides

    When Donald Trump was unexpectedly voted in as 45th president of the United States back in November 2016, many commentators predicted it was the beginning of the end for globalization.

    Read the full article
  • 9h ago · 16:49 GMT

    John Kerry on diplomacy in an era of disruption

    One very important legacy of the outgoing administration, says John Kerry, outgoing Secretary of State, in this session is that, not only does it leave a US with the strongest economy in the world by far but it has made more efforts on the global stage than ever before.

    John Kerry says that the US has been more engaged than ever before in its history

    He goes on to list what he sees as its key achievements: a peace plan for Yemen, the Paris Agreement, stopping Ebola and working with Russia to create the Iran nuclear agreement.

    Iran was a particular achievement, he adds, given that the US and Iran hadn’t engaged in dialogue for 35 years. “We forged a relationship, we built trust in a place where it’s difficult to do and the rest is history,” he says.

    John Kerry says even if the US had only done Paris, that would have been an enormous accomplishment

    Diplomacy in reverse?

    The reasons we are where we are is because we put engagement before rushing into war, he says.

    What many people worry about, however, suggests moderator Thomas L. Friedman of The New York Times, is that many of the achievements could be thrown in reverse by the new administration – the Iran agreement for example.

    I don’t believe Iran agreement will be reversed, John Kerry tells because friends and allies will all keep it

    But in the event that the US did renege on the agreement, Kerry says the US will have injured its own credibility and will hurt its own administration.

    Kerry on Europe

    Kerry says the EU is the most successful assembly of countries ever seen, citing the way it has brought up its standard of living, strengthened its security and brought about amazing progress.

    .@JohnKerry: criticism of Europe “emboldens people who would love to see Europe divided against itself”

    Those upset at the current state of affairs were blaming the wrong thing, he adds.

    85% of job loss is due to technology, not trade: John Kerry at Davos.

    Technological advances would only continue, he adds, saying “I can’t wait to see how the incoming administration deals with AI.”

    Is the two state solution over?

    No, says Kerry emphatically, explaining that, in almost all his conversations with Israel he has reiterated that their actions on settlements are affecting the ability to make peace:

    “If you keep building in the corridors you no longer have a contiguous Palestinian state,” he says, cautioning that “you cannot be a unitary state and be democratic and Jewish at the same time. What is happening today is a recipe for permanent insurgency, for permanent conflict.”

    His advice to a successor?

    The US is blessed with a powerful economy and military might, says Kerry, and consequently has a responsibility towards the world, but that responsibility has to be exercised with sensitivity and judgement.

    It’s dangerous to play on the lowest common denominator, he continues. “When economies are having a hard time and there is fear and anxiety in the workplace, enhanced by religious extremism and exploitation of ethnicity and sectarianism – you wind up with really bad outcomes. The last century in Europe is the greatest testimony to that reality,” he explains.

    “I think the world we’re in right now is more understandable than people are making it, all the anxieties of workplace legitimate.” But:

    The US has to solve its problems in a way that doesn’t create more barriers or undo opportunities, says John Kerry at

    Failing states

    One of the biggest challenges facing the world is dealing with the failing states of the world, says Kerry, those with bad governance and corruption. “The degree to which you see young people in country after country being deprived of a legitimate sense of possibility in a world where they see what everyone else has and what they don’t have – that to me is the great challenge,” he says.

    “We have a billion and half kids 15 years or under; a full 350-400 million will not go to school. That’s our challenge” – @JohnKerry

    The global community has to create a new Marshall Plan, John Kerry tells , in order to help the young people living in failing states

    He concludes that there are enormous virtues to what is happening in the world, but that we have to make sure it is flowing up and down the food chain in a fair way.

    Tech is good: “50% less women likely to die in childbirth, below 10% poverty, curing diseases. There’s enormous virtues” @JohnKerry

    The new administration will start with the benefit of a strong economy and the sound diplomacy of the last eight years, he says. “I’m sure we’ve made mistakes, but our intent and purpose has always been the best the highest set of possibilities.”

  • 10h ago · 16:11 GMT

    Karan Johar on the trouble with social media

  • 10h ago · 16:00 GMT

    Ending Corruption

    The annual cost of bribery amounts to $2 trillion according to recent research, equivalent to roughly 2% of GDP – and that’s just the economic cost of one form of corruption. The overall costs – economic and social – of all types of graft are much larger but nearly impossible to measure accurately.

    Introducing this issue briefing, Oliver Cann, Head of Media Content at the World Economic Forum, said the Panama Papers were crucial in bringing the issue of corruption to the top of the agenda.

    Mark Pieth, Chairman of the Basel Institute of Governance, says this showed us that “the organised criminals of this world stash away their money, but the issue is why do we tolerate it?”

    “I have seen hundreds of cases of organised crime in companies, mostly using offshore constructions,” he says.

    The Panama Papers showed the world the scope and scale of organised crime and the extent of corruption, Mark Pieth tells

    Scale of the problem

    Joseph Stiglitz suggests that organised crime demonstrates the darker side of globalization. In overcoming the shadow economy and this kind of corruption, there is a lack of global transparency in financial markets.

    Secrecy havens provide incentives for people to engage in organised crime and add to corruption, @JosephEStiglitz tells

    He suggests that maintaining transparency is crucial, and agrees with Mark Pieth that drawing up a set of recommendations would be beneficial for companies.

    Stiglitz believes that if we are to make globalization work, we have to have a commitment to root out havens of secrecy. He believes the problem does not just lie with offshore centres, but also onshore centres, and that “corruption has to be attacked globally.”

    The business cost

    Margery Kraus, founder and Chairman of APCO Worldwide suggests that, for business, “there is a huge cost” associated with corruption.

    Companies must have a zero-tolerance policy to corruption within business, @MargeryKraus tells

    For millennials, “corruption is an inhibitor on their future”, says Margery Kraus. “We must not rely on compliance, but instead build this into the system, to create and operate ethical behaviours.”

    “Today’s young workers want to work for ethical companies, who are doing the right thing. The ones who adopt these practices will attract the best employees,” she says.

    Risk and compliance

    Even with the best of intentions, often it can be difficult to oversee every single thing, Margery Kraus says. “People must see an example of when something goes wrong, and it’s definitive. Then the next person will learn from that.”

    .@JosephEStiglitz tells that over the last 20-years, we have come to understand the loopholes leading to corruption

    Joseph Stiglitz suggests that we must work out methods to improve transparency and improve the methods of returning money to those who have lost it.

    The solution?

    When pushed for a solution in the future, he suggests that the only way to truly combat financial corruption would be a complete overhaul of the system.

    “I believe very strongly that for a country like the United States we could and should move to a digital currency and get rid of currency,” he says. “This would give you the ability to trace this kind of corruption. There are important issues of privacy, cyber-security, but it would certainly have big advantages on knowing