As China, Singapore, Canada and other countries develop digital currencies in part to facilitate cross-border transactions, Ripple’s managing director of South Asia and EMEA Navin Gupta said these currencies would primarily only be used domestically.
The modern convenience of Alibaba enables rapid, on-demand consumerism that’s worth tens of billions of dollars. So what if Alibaba — and its competitors — turned the technological might that it used to develop modern Chinese consumerism over to developing modern Chinese charity?
Not enough startups and young talent are as gung ho about blockchain as they are about hotter categories such as such as AI, media or the sharing economy.
China hopes to provide affordable basic health care to all its citizens by 2020. Now that the private sector has joined public initiatives, the country is starting to see medical care efficiencies thanks to blockchain implementation.
Telecom operators are using blockchain technology for digital identity management, more efficient roaming and combating fraud.
China has received the largest number of patent applications globally. Intellectual property applications themselves are a revenue source for the government, which generated $35 billion in fees paid for using IP rights.
China’s blockchain policy for enterprises is similar to that of the public sector: provide more efficiency and disintermediation. What’s different about enterprise policy is the added element of competitiveness.
Around the world, the used-car industry is notorious for being one of low trust and high incidences of fraud. That also makes it an industry ripe for innovation as it has not adopted effective enough technology to prevent fraud and contain costs.
Having a high standard in food safety and security demands that the food is of good quality, free from disease or infection, and safe for consumption. Keeping up with this standard is a matter of international concern and the responsibility of food producers and governments.
After their panel on how blockchain technology is changing the world of finance and enterprise at Hong Kong FinTech Week 2019, Digital Asset cofounder and CEO Yuval Rooz and R3 CEO David Rutter answered follow-up questions.