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We are witnessing the decentralized computing paradigm. Blockchain, crypto, distributed ledger is fundamentally changing the world. Every person on this earth is going to benefit from decentralized technology. Xrp News

Value, titles, tokenized assets, blockchain is a way for anything of value to transact on the internet; in real time with little to no cost. How has the internet transformed society? The web has transformed how we communicate, shop, find recipes, watch tv… Knowledge is in the open and the world has access to anything that they want to google. Value on the web will have the same openness. This openness will allow people and businesses to participate in the global economy with ease and little friction. Financial services offered to the retail consumer. The iov will not only develop but technologies will converge and the boundaries of money will be pushed even further. The more technology progresses the better the quality of life we will all have.

A new framework to regulate, data, ownership, intellectual property in the fourth industrial revolution. Blockchain is unique data that is incorruptible. The files are like fingerprints that can’t be duplicated. Ownership, value, identities, contracts will be accepted and Klaus telling us that we need to have global standards for this data. The fourth industrial revolution. The fourth industrial revolution is a convergence of technology.
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Blockchains are transparent, governments will have the ability surveille entire networks of value. Digital Identities will link your foot print on the web to you. Every transaction will have an auditable record. The governments of the world will have the ability to Tax in real time, the economic data collected will enable central banks ethereum to have precision with monetary policy and effect the sectors that they wish to effect.

We are comfortable in a globalized world. All nations, especially the united states do not produce what they consume. The US doesn’t have factories we import our goods from other nations. We rely on other nations to produce for us. We print money out of thin air and buy the goods china produces and this is the underlying cause of the Cold War that Klaus mentioned. The legacy system depends on dollars to run when we talk about the IOV they have a chance to rebuild the system without a reserve currency. I believe the tensions that we see are due to this.

The dollar losing its reserve status will be devastating to the united states and citizens. Tim draper is painting a picture that this should be an easy decision, but he is wrong. The world leaving the old system means that the American people are about to have a different life. The leaders need to secure their positions in the internet of value, that’s what this cold war is all about. Each nation wants the most and they’re is give and take.

Facebook was a catalyst for governments and central banks to prepare for the IOV. Facebook is larger than most nations and accepted by the public. Despite facebooks trust deficit I believe the majority of the world would trust Facebooks deim. currency is trust. When facebook announced Libra they were muscling their way into central banks territory. Government successfully staled libra, Now diem is close to a live implementation. I believe that is the reason for the US rolling out regulations is due to deim. 80% of central banks are working on a digital currency and 50% are in the testing phase.

Klaus describes these new innovations as the fourth industrial revolution. The industrial revolution was a paradigm shift that changed life forever. btc xrp ripple