On the other hand, the Canadian digital currency will also protect against possible financial crises, like cash. 💠💠💠

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💠💠💠 What digital future awaits us? Speech recognition? communication with our devices (computer, smartphone and others). Or is it social media or virtual reality or blockchain?
What do you think will be in the future. In the digital future.
We think it will be three technologies - artificial intelligence, quantum computing, mixed reality.
In the world, every day the technology is becoming smaller.
For example, today a small chip contains a lot of information. In the future, this may be a very small space that will achieve huge computations. You could say "atomic computing." To solve huge problems and quickly carry out calculations, you need to apply the physics section.
Quantum Physics. 📌📌📌
The transition to quantum physics will provide many opportunities for humanity. This is a new era in information technology.
What will happen to the blockchain? 💠💠💠
We will write about this in the next article. 📃📃
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♾☢☣ Cryptography is a technology that is difficult to decipher. It is difficult to decipher it, because the amount of computation that is required makes the effort impossible. Therefore, when an extremely high performance is introduced into the equation, this limitation suddenly becomes less burdensome because you can go through many more permutations to find unencrypted passwords or even cancel the hash. If the blockchain can be broken by a quantum, all cryptography can be hacked. And this is a much greater public risk. Think about your bank, your browser, your smartphone or laptop - the calculations have been integrated into all levels of our lives. All these levels are based on existing cryptographic algorithms and are somehow vulnerable. One promising aspect here is that quantum actually does great cryptography. There is such a thing as quantum cryptography, and it is very different from our understanding of how classical cryptography works.

Quantum cryptography is used today in a small number of applications. Some interesting studies in this area show that although a quantum can break existing cryptography and make it useless, it actually represents another forum that can be used to solve the problem.✅👍
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🏦 The Central Bank of the Netherlands stated its position on the CBDC issue:

💠💠💠 We believe that it is necessary that public money remain accessible to all ..... 💰💳
The Central Bank has a positive attitude towards CBDC. Their implementation can contribute to the smooth functioning of the payment system.
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🏢 🇨🇳 A Chinese court has indicated that Chinese citizens are not prohibited from owning or transferring ETH.
To get ETH, they are bought or mined through mining, and they always invest economic value in an asset. ETH has both objective exchange value and subjective consumer value. Consequently, property interests can be included in the
concept of “property with economic value”. 💠💠💠

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🌐🌐🌐 In his report, the #World #Economic #Forum considered the possibility of using #blockchain technology to identify supply chain failures.
WEF has published a blockchain implementation methodology to improve the supply chain. The methodology can be used by states and enterprises in adapting their supplies in the current economic situation. And also for quick recovery of supply chains after quarantine measures COVID-19.

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💠💠💠 The ECB is considering the introduction of new payment systems.

Since 2018, he began to develop the TIPS system. The system can become a major competitor to the blockchain. When implemented, the system will be able to carry out instant calculations, regardless of the time of day or day. The central bank of Sweden is ready to introduce it first.

Today, the SEPA payment system has flaws. Therefore, the ECB began to consider the possibility of issuing a "digital euro." 💠💠💠

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🌐 In connection with the #COVID-19 #pandemic, many Central Banks of various countries began the study of digital money - #CBDC.

https://m.facebook.com/story.php?story_fbid=804697153386765&id=284525725403913

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🇪🇺🇪🇺🇪🇺 The #ECB has published a report in which it considered the possibility of using #Stablecoin.
The report noted the risks and benefits of using Stablecoin. The advantages of the ECB are simplicity and speed of use. Risks included cost, system reliability, and system failures.
The report also examined the possibility of using Stablecoin as an investment.
The ECB noted that Stablecoin may fall under the regulation of various legal acts. Therefore, it is necessary to consider in more detail and possibly adopt a regulatory framework in the future.
Otherwise, Stablecoin can refuse outside legal regulation. 💠💠💠

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💠💠💠 What is a digital dollar?

A "digital dollar," as defined by current congressional bills, is not a decentralized blockchain-based token, but rather a debt notation on a centralized ledger maintained by the Federal Reserve. 💠💠💠

A U.S. digital dollar wouldn’t be a central bank digital currency, which itself isn’t exactly a cryptocurrency. It would not be decentralized; on the contrary, it would be issued by the Fed. A centralized database (run by the Fed or another entity) would securely track consumer and business balances, and people could access funds through digital dollar wallets, which would also be managed by the Fed.  💠💠💠

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💠💠💠 A Chinese party school has published books on new #information #technology.
One of the books talks about #blockchain technology.
Also in this book, assumptions are made for the further #development of technologies and their application. 💠💠💠
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🌐The #ECB has begun an in-depth study of #DLT technology.
#FSBC is studying the benefits of using DLT in Europe.
The FSBC described digital euro as it can be used to correct a deficiency of an existing monetary system.
On May 14, the #Central 🏦 #Bank of France began a test sale of securities for #digital #euros. Then he continued testing with several tanks. The project focuses on #institutional #clients and banks, and not on individual users. The regulator explained this by the fact that when testing the digital euro, the potential of #blockchain #technology in interbank regulation and the reduction of financial risks is simultaneously studied.

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✳️✳️✳️ What is NFT?
Non-interchangeable tokens, i.e. (Non-fungible or NFT) are unique digital items with ownership on the blockchain. For example, digital art or collectibles.

So what are non-interchangeable tokens on the blockchain?
For example, domain names are a digital asset, namely Non-interchangeable. There are many digital assets, they differ from each other only in terms of liquidity, compatibility, attractiveness. In our life there are a lot of objects that we own. But not all items we can sell or transfer to someone else.

You ask, what does the blockchain have to do with it?
Our objects are physical, they are not virtual. So the blockchain will add to the objects a few more properties. The first is standardization. It allows NFT tokens to be displayed immediately in all wallets, sold on different trading floors, and displayed in virtual worlds. Instant sales increase token liquidity. ✳️✳️✳️

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✳️✳️✳️
The Bank of Lithuania plans to launch its blockchain platform (LBChain) in the fourth quarter of 2020.
✳️✳️✳️
And also complete commercial purchases with fintechs and service providers that are currently participating in the LBChain project.
✳️✳️✳️

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💠 The #СOVID-19 #pandemic caused widespread discussion about the need to reform the financial system that would better meet the needs of society. When developing a program to support the #economy, the Democrats proposed creating a digital version of the dollar and wallet. 💠

💠 In May, a member of the House of Representatives of the US Congress introduced a bill that would create the outline of a comprehensive blockchain strategy in the #United States. 💠

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💠💠💠 Dollar 2.0. 💠💠💠
You can divide the various types of crypto-dollars into three groups, two of which are interchangeable stablecoins:

#centralized currencies with dollar security;

#decentralized currencies with collateral;

synthetic dollars with collateral in the form of derivative financial instruments.

#Stablecoins are quite common today, so we will not consider.

💠💠💠 But synthetic dollars with collateral in the form of derivative financial instruments are an #interesting tool.

Bitcoin for most is the embodiment of several ideals at once. This is sovereign hard #money, a currency with a fixed volume of issue, which has value because it cannot be discounted. Or use it as a speculative tool. Bitcoin can be used as collateral for the #issuance of synthetic dollars, a #financial #instrument outside the sphere of influence of the traditional system, but with the purchasing power of the dollar. That is, in other words, Eurodollars. ▶️