Forkast Decodes China’s Ambition Behind Asia’s Blockchain Boom

The series maps out Asia’s blockchain adoption, how China’s ambitions influence regional innovations, and what the implications are for developed economies like the U.S.

 

Hong Kong, June 27, 2021 (GLOBE NEWSWIRE) — (via Blockchain WireForkast.News today announces a groundbreaking three-part series, Asia Powers Up: How the region, led by China, is embracing blockchain and what that means for the world, that dives into China’s determination to lead the future of digital technology and its effects on geopolitics and the global financial system. The multimedia production, supported by the Judith Neilson Institute’s Asian Stories project, is simultaneously published by several partners, including Newsweek and South Morning China Post for three consecutive days starting June 28.

Viewers can watch the related video series: Blockchain in Asia: Defining the Race

Packed with analyses, videos and infographics, the series underscores Forkast.News’ unmatched expertise and unique perspective into Asia’s booming importance in the blockchain and digital currency space. Supported by Forkast’s independent reporting, data, papers from research firms and interviews with industry experts, the series makes the case that China is taking a broad approach to challenge the dominance of the U.S. dollar. The series is written and produced by Alexander Zaitchik, Jeanhee Kim, Kelly Le, Justin Solomon and Angie Lau.

Coinbase 2

“China’s ascension as the leader of the new financial frontier is complicated, formidable and understood by few. As journalists, our goal is to present information that helps our audience make informed decisions and this is why we have put in thousands of hours and tread across Asia and the globe for this project,” said Angie Lau, editor-in-chief of Forkast.

“The series unravels the thinking driving these innovations and asks simply how a widely accepted digital yuan could rewrite the rules of global commerce and transactions,” Lau added. “The far-reaching consequences include geopolitics and global financial systems.”

Lisa Main, JNI Director of Grants said, “Asia is a growing source of technological innovation and we need more great journalism to better understand what it means for the region but also the world.”

 “Digital Silk Road” 

The series starts by exploring China’s plan to unveil the world’s first major central bank-backed digital currency, its digital yuan, at the upcoming Beijing 2022 Winter Olympic Games. The distribution of this new money is the culmination of a more than decade-long plan to diversify the international monetary system.

China has also invested deeply in the Blockchain Service Network, a public-private collaboration that has become the world’s biggest blockchain ecosystem, with an aim to build the next generation of the internet.

The series describes how China is influencing the region, with many Asian nations moving quickly — if reluctantly — to embrace not only their own central bank-backed digital currency, or CBDC, but also building new networks to allow cross-border transactions of multiple digital currencies. The peer pressure is moving some of the world’s biggest economies, such as Japan and India, to jump on the CBDC bandwagon.

The Trappings of Convenience in the Digital Era

Asia Powers Up shines a light on the erosion of privacy as a result of the use of digital money. Such vulnerability has drawn red-hot warnings from experts such as J. Christopher Giancarlo, a former chair of the U.S. Commodity Futures Trading Commission, who has warned the U.S. government that if China leads the development of CBDC, its social values may become ingrained in the design, which could jeopardize “privacy, free enterprise, freedom of speech and democracy.”

ABOUT FORKAST

Founded in 2018, Forkast.News is a digital media platform covering all things blockchain and emerging technology at the intersection of business, economy, and finance — from Asia, to the world. Led by former Bloomberg TV anchor Angie Lau, Forkast.News is an authority in this space and has partnered with organizations like OECD, World Economic Forum, IBM, EY, and more.

Contact:

Jenny Hsu

PR/Comms

Forkast.News

+886 937331097

[email protected]

https://forkast.news/

Forkast Decodes China's Ambition Behind Asia's Blockchain Boom 1
blank
About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.
blank

E-Crypto News Executive Interviews


blank

bitcoin
Bitcoin (BTC) $ 39,225.00
ethereum
Ethereum (ETH) $ 2,360.72
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 319.14
cardano
Cardano (ADA) $ 1.34
xrp
XRP (XRP) $ 0.662810
dogecoin
Dogecoin (DOGE) $ 0.223008
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 14.85
binance-usd
Binance USD (BUSD) $ 1.00
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 39,225.00
ethereumEthereum (ETH)
$ 2,360.72
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 505.48
litecoinLitecoin (LTC)
$ 137.90
bitcoinBitcoin (BTC)
33.322,58
ethereumEthereum (ETH)
2.005,49
tetherTether (USDT)
0,849524
bitcoin-cashBitcoin Cash (BCH)
429,42
litecoinLitecoin (LTC)
117,15
bitcoinBitcoin (BTC)
28,530.38
ethereumEthereum (ETH)
1,717.07
tetherTether (USDT)
0.727352
bitcoin-cashBitcoin Cash (BCH)
367.66
litecoinLitecoin (LTC)
100.30

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
blank
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021
Crypto Scams On The Rise As Market Enters Bull Cycle
Crypto Scams On The Rise As Market Enters Bull Cycle
December 22, 2020
Harpreet Singh Sahni perpetrated the Plus Gold Union Coin (PGUC) scam
Sydney Concert Promoter Harpreet Sahni Involved In $50M Crypto PGUC Scam
November 2, 2020
Mining City insists that it is legit
Mining City Refutes Claims By Philippines SEC Of Being A Scam
September 23, 2020

Blockchain/Cryptocurrency Questions and Answers

Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021
blank
What Is Plethori Platform And How Does It Work?
June 12, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin39,774 1.56 % 15.33 % 24.61 %
Ethereum2,376.8 0.51 % 9.90 % 24.72 %
Tether1.000 0.05 % 0.03 % 0.23 %
Binance Coin322.16 1.09 % 7.80 % 5.88 %
Cardano1.350 0.57 % 11.78 % 13.65 %
XRP0.6649 0.31 % 10.91 % 12.73 %
Dogecoin0.2244 0.52 % 13.77 % 21.76 %
USD Coin1.010 0.35 % 0.39 % 0.00 %
Polkadot14.97 1.63 % 10.78 % 17.20 %
Binance USD1.010 0.50 % 0.89 % 0.54 %

bitcoin
Bitcoin (BTC) $ 39,779.00
ethereum
Ethereum (ETH) $ 2,384.95
tether
Tether (USDT) $ 0.998299
binance-coin
Binance Coin (BNB) $ 320.26
cardano
Cardano (ADA) $ 1.34
xrp
XRP (XRP) $ 0.668628
dogecoin
Dogecoin (DOGE) $ 0.224282
usd-coin
USD Coin (USDC) $ 0.995043
polkadot
Polkadot (DOT) $ 15.05
binance-usd
Binance USD (BUSD) $ 0.996458