China’s upcoming launch of its new digital currency (the digital Yuan) is seen as its latest tool to achieve supremacy on international commerce. Dissecting the information brings the few key insights: This is essentially a political issue First, the digital currency will be directly managed by the Chinese Central Bank which will help increasing China’s already strong hold on its privacy control policies via a monitoring of consumers’ spending habits. Secondly, China and the US are on battle to economic supremacy. In that way, China welcomes the publicity created around this announcement, particularly as a possible threat to the US Dollar dominance; whether factual or not. This is obviously a tech issue This new currency will inevitably bring about a boost in innovation. While tech companies will be on the front line, other multinational companies are likely to profit as well if it proves to be a more convenient settlement form. However, since China does not have a
Le capital est Humain, Intellectuel, Social, Physique, Naturel, Financier, Economique, Culturel et j'en passe... ce sont là les données d'une même equation.