Inside China’s vision to globalize its currency
The central bank’s digital currency efforts, ironically, would give it more control over the economy.
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Privacy doesn’t equal anonymity on blockchain, says Concordium CEO
Identification on a protocol level could help blockchain become mainstream for blue-chip companies like MasterCard, Volvo and Geely if international regulations are met. Anonymity is “exactly what is hindering wider use of blockchain,” said Concordium CEO Lone Fonss Schroder.
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AI giants are exploiting your data. A new system can help you take back control
Building artificial intelligence is a game of “surveillance machine learning” that exploits common users’ data. But blockchain technology systems promise to help compensate users for it.
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Opinion | Why Technology is Forging China’s Critical Path
Executive Summary It has been 40 years since Deng Xiaoping launched China’s Open Door Policy. By several metrics, China’s economic miracle has been extraordinary, with some 800 million people lifted out of poverty in just a few decades and the country playing a critical role in the global economy. But this growth was neither stable…
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How blockchain can save A.I.
There has been a resurgence of AI during the last five to six years. I use the word resurgence because we have had previous eras when AI was seen as being imminent. Alan Turing devised the eponymous Turing Test in 1950 and brought mainstream attention to the possibility of machines that could think. The Dartmouth…
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Gibraltar is pioneering creation of blockchain ecosystems, says FM
“We want to keep at the forefront of the regulatory framework to make sure that what we’ve got is fit for purpose and works well for our stakeholders.”
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Blockchain is key to realizing the digital industrial revolution
Over the past few decades, the internet boom has been helping fill the information gap in our society. Online businesses such as those in e-commerce and social media emerged to help the world share information more efficiently, allowing for the digital transformation of traditionally “offline” industries. Despite the many years of effort, however, this digital…
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Forkast.Focus | HKFinTechWeek: SFC Aims to Regulate Digital Asset Trading Platforms
Speaking from the main stage of Hong Kong FinTech Week, Securities Futures Commission (“SFC”) CEO Ashley Alder said the SFC will publish a new regulatory framework that would allow it to regulate virtual asset trading platforms. In a highly anticipated keynote speech at Asia’s largest global financial technology conference, Alder noted the new regulations will…
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Opinion | Crisis in Lebanon Highlights Benefits of Digital Currencies
The imminent economic collapse in Lebanon which the Lebanese Central Bank Governor has warned of may be averted as Prime Minister Saad Hariri announced his resignation amid the country’s largest protests in 15 years. These protests were in response to Hariri’s government announcing austerity measures which included a tax on WhatsApp calls. Protesters demanding Hariri’s…
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Opinion | China Moving Full Speed Ahead with Digital Currency and Regulating Blockchain
While many other countries have been taking a back seat and waiting to decide how exactly they should approach blockchain technology, China has been proactively exploring its application in decentralized finance. This week China announced a certification system to regulate a broad range of fintech products. China is clearly priming itself to become a leader…