Sweden will produce state digital currency (e-krona), the growth of the digital economy in the world and the widespread use of technology blockchain
Many countries refuse to use of cash in connection with the increase in crime. The movement of cash is not possible to trace, while the movement of money on the accounts is very easy to trace. India has ceased production and the continued use of denominations of 500 and 1,000 Rs in early November of this year. Thus India will fight against corruption and will enhance the growth of the digital economy.
Singapore Central Bank, together with the major Japanese banks, the US banks and Europe banks will begin testing blockchain technology in the field of remittances in this year.
Another major project Hyperledger, its goal in the development of the program necessary for the operation blockchain. The project has about a hundred investors, including IBM, J.P. Morgan and Airbus. The head of the project Brian Behlendorf.
According to IBM estimates, by the beginning of 2017 15% of banks will use blockchain. A founder of the largest exchanger cryptocurrency Coinbase sure that in the future this technology will destroy the centralized corporations.
The oldest central bank Riksbank in Sweden over the next two years will release a state digital currency - e-krona based on blockchain. For Sweden, it is a necessary measure towards the creation of a state without cash.
In the 17th century Riksbank released the world's first banknotes. Starting the e-krona - “This is just as revolutionary as paper notes were 300 years ago.”. Digital currency will not replace physical money, and will complement the banknotes and coins.
Used materials:
http://sverigesradio.se/sida/artikel.aspx?programid=2054&artikel=6564132
https://hightech.fm/2016/11/17/ekrona
https://hightech.fm/2016/11/02/belendorf-blockchain
https://hightech.fm/2016/10/04/ibm_blockchain
https://hightech.fm/2016/10/20/how-the-blockchain-could-change-corporate-structure
I watched that presentation yesterday and I thought it was pretty bad. Many badly made-up points and pseudo-historical references, some of them false. Still, the main message of that talk was that Sweden might attempt a digital national currency in a few years from now. That was interesting and intriguing.
However, I hated how the speaker posed that Sweden “was a pioneer” in this field and is going to be “the first nation in the world” to launch its national currency in digital form. That self-aggrandising was making me sick to my stomach. Stupid nationalistic boasting aside, I think that a country like South Korea or Singapore – or even the UK or the Netherlands – will beat Sweden to the punch.
Yes, that is right. But they were the first at the state level have recognized the benefits of digital currency. It's like a step up, I think we will soon expect even more interesting and intriguing project presentations based on blockchain technology.
Are they, really? https://www.ft.com/content/f15d3ab6-750d-11e6-bf48-b372cdb1043a
I too am absolutely confident that we will. Exciting times ahead!
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