Give it all you’ve got
"Most people miss opportunity because it is dressed in
overalls and looks like work." - Thomas A. Edison The white paper pointed out
the potential benefits of applying blockchain technology to mobile phones,
namely in the areas of digital identity verification, financial
application, supply chain tracing application, judicial application and
express delivery industry. China Telecom claimed that "data assets will grow
geometrically.” According to a recent report by Binance Research, China’s
Central Bank Digital Currency (CBDC) will be transferable/ usable without a bank
due to its loosely coupled design. The design seeks to provide a degree
of user anonymity, promote a CBDC turnover rate equivalent to that of cash, and
to boost the circulation and internationalization of the renminbi. The loosely
coupled design entails a system of components that do not all depend on each
other, thus allowing users to transfer the CBDC to one another without needing a
bank account. The report also posits that the People’s Bank of China (PBoC) is
considering utilizing smart contracts in their infrastructure, but is hesitant
to implement anything extending beyond “basic monetary requirements”. The PBoC
is also concerned that while the implementation of smart contracts could add
some value to the CBDC, its offering would become a security instead and reduce
the digital asset’s usability and impede the PBoC’s goal of internationalizing
the RMB. Unsubscribe - Unsubscribe Preferences
"Most people miss opportunity because it is dressed in
overalls and looks like work." - Thomas A. Edison The white paper pointed out
the potential benefits of applying blockchain technology to mobile phones,
namely in the areas of digital identity verification, financial
application, supply chain tracing application, judicial application and
express delivery industry. China Telecom claimed that "data assets will grow
geometrically.” According to a recent report by Binance Research, China’s
Central Bank Digital Currency (CBDC) will be transferable/ usable without a bank
due to its loosely coupled design. The design seeks to provide a degree
of user anonymity, promote a CBDC turnover rate equivalent to that of cash, and
to boost the circulation and internationalization of the renminbi. The loosely
coupled design entails a system of components that do not all depend on each
other, thus allowing users to transfer the CBDC to one another without needing a
bank account. The report also posits that the People’s Bank of China (PBoC) is
considering utilizing smart contracts in their infrastructure, but is hesitant
to implement anything extending beyond “basic monetary requirements”. The PBoC
is also concerned that while the implementation of smart contracts could add
some value to the CBDC, its offering would become a security instead and reduce
the digital asset’s usability and impede the PBoC’s goal of internationalizing
the RMB. Unsubscribe - Unsubscribe Preferences
