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Digital cold war? United States and China vie for blockchain supremacy

CryptocurrencySep 03, 2020 08:20PM ET
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Digital cold war? United States and China vie for blockchain supremacy

Two nations, two visions of the financial future: "The tech cold war is here — and the US isn't winning," wrote Ripple co-founder Chris Larsen in an opinion piece for The Hill recently. According to him, China has “a once-in-a-century opportunity to wrest away American stewardship of the global financial system, including its ultimate goal of replacing the dollar with a digital yuan." Western values of openness and freedom could be lost in this new financial order.

Others have sounded similar concerns. “There is a new space race. It is the cyberspace race of building and controlling the systems and governance that will power the digital economy,” wrote Perianne Boring, president of the Chamber of Digital Commerce. While the race includes other advanced technologies such as artificial intelligence, big data and the Internet of Things, blockchain is key, as China’s president, Xi Jinping, has noted. Alex Tapscott, co-author of the book Blockchain Revolution, told Cointelegraph:

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Digital cold war? United States and China vie for blockchain supremacy
 

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Comments (2)
Shannon Gilbert
Shannon Gilbert Sep 10, 2020 12:56PM ET
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China has been first in several thing in the past years - Sars , covid and several other cryptonic diseases - things for the leadership and paving the way / your country is full of things leading the way
Mike Greenfield
Mike Greenfield Sep 03, 2020 8:55PM ET
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Its all a scam. Cryptos will go to 0 and all perpetrators will be jailed for fruauding the world
 
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