Can China’s CBDC Replace The Dollar?

As the United States and China continue to develop a more hostile relationship since both countries are trying to out-compete against one another on the global stage. The United States is the current superpower, and China is the upcoming (emergent) superpower. Both countries can spend a lot of money to improve their military strength in terms of troops, hardware, and technology. Both countries are worrying that the opponent would do so well in terms of global trade, influence, and everything else that it would outstrip the home country’s advantage on the global scale! Imagine that one day China could be so influential that it would prevent most countries around the world speak up and side with the United States to prevent China from invading Taiwan out of fear that China would stop trading and even worse will start a military campaign against the outspoken country in a near future. In reverse, China wouldn’t want the United States to continue to dominate the globe since China is now stronger and would become a huge boulder that could block the United States’ global domination.

We all know that the United States Dollar is the dominant reserve currency in which even China itself is holding a large number of dollars just to allow home companies and home local governments to transact with countries that are only wanting to trade in dollars on a global scale. As the United States is getting more hostile toward China for obvious reasons such as wanting to prevent China from dominating the world with its technical standards and influence and whatever else, China knows that it could not rely on the United States’ goodwill in the long run. As the United States sanctions Iran and North Korea and few other countries from conducting dollars on the global scale, China knows that it could be sanctioned by the United States if both countries are going to get even more hostile toward each other shortly. This is why China has been creating a different global transactional path known as CIPS which allows China to conduct trades on a global stage without relying on the SWIFT system in which the Dollar is dominated.

Instead of just being satisfied with what CIPS has to offer for China in terms of conducting trades with countries that are friendly to China on the global stage such as Iran, China is taking one step further by pushing for CBDC (Central Bank Digital Currency). As we speak, it’s estimated that roughly 83% of the world’s central banks are looking at creating their own CBDC version. China’s CBDC is the only digital currency in which has already being pushed to use by its citizens, and this means China’s CBDC has progressed the most out of all CBDC projects out there in the world. As we speak, Canada, Sweden, and few other countries are further along but behind China in terms of making progress in creating a CBDC system. The United States is unfortunately way behind many other countries in creating its CBDC system.

As China makes progress in creating and promoting and updating its CBDC system, the unintentional or intentional, depending on who you’re asking the question, advantages that come with the creation of this CBDC system is that many countries who are signed up to be a member of BRI (Belt and Road Initiative) may adopt China’s CBDC sooner than we could have imagined for trades on the global stage. How come? Perhaps, using China’s CBDC for conducting trades could cut down the costs of transactional fees, and the digitalization of the logistic application such as clearing customs and so on could be done on the blockchain (which underpins China’s CBDC) smoothly. For example, country A bought huge containers of China’s export for its own import need could just open up an app and with a few clicks here and there — the logistical digitalization through the usage of CBDC — and can order many huge containers of products to be imported without needing to file paper works online or offline for clearing customs and paying huge currency conversion fee and whatnot — meanwhile, the app would show when and where the products have been moved and when will the product arrive on the doorstep of country A.

After watching the video right after the break, you might as well be as educated on the topic of digital currency as I am since the information I’ve shared in the post was learned from the video itself. I have no affiliation with the people in the video right after the break, and I’m sharing the video since it got so much important information about our future. For example, the speakers in the video mention that through Alipay and Wechat, Chinese people become cashless society but China’s CBDC won’t replace Alipay and Wechat but rely on these two platforms to get popular. Another example is that the speakers mention how the digitalization of currency could do away with overdraft protection fees in which the poor are most likely being affected — as we speak 30 billion dollars of overdraft protection fees could have been conducted annually if my understanding of what the speakers have conveyed is correct.

In summary, I think China’s CBDC may displace the dollars on the global stage but won’t replace the dollars on the global stage. To the best of my understanding from watching the video, I could understand that China’s CBDC will allow countries to use CBDC to cut costs and time in conducting trades with China on the global stage. Since China has been pushing for closer ties with BRI members, I could see BRI members will rather use China’s CBDC over the dollars in the longer term. This means China’s CBDC will displace the dollars on global trade but the Dollar will still be a reserve currency for some countries that want to do trade in dollars on the global stage. The dollar won’t go away but the Dollar may lose influence to China’s CBDC over a longer period. This is why the United States too may have to push hard on creating its CBDC system to compete against China’s more progressive and developed CBDC system as we speak. If the United States doesn’t do so, I fear the United States will be way behind in competing against China in terms of trades and currency influence on the global stage.

Will Humans Go The Way of The Horses?

I just watched this video, and it’s an old video from the year 2018. We’re now on the second day of the year 2021, and I really can’t imagine how even more efficient in speed and the level of automation has had occurred in the factory in which the video right after the break reveals. The question is, will humans go the way of the horses in the future? Hmm… I think that we can automate pretty much everything except for human intuition and creativity. Well, just maybe not yet!

Nano Dimension Leads The Way of 3D Printing Electronics Through Additive Manufacturing Electronics

I don’t know much about the manufacturing process of PCBs (Printed Circuit Boards) and other electronic devices. I know that doing the 3D printing of complicated layers for electronic devices from just a sophisticated 2D blueprint is rather complicated. Luckily, I’ve come across some information that enlightens me on this whole shebang.

CEO of Nano Dimension, Yoav Stern, suggests that currently, the process of unsophisticated 3D printing of electronic devices can only print 2D electronic layers on any 3D devices. Yoav Stern suggests that the 3D printed technology using the Additive Manufacturing Electronics method patented by Nano Dimension can do better. According to Yoav Stern, Nano Dimension can allow any company to print complicated electronic devices such as PCBs easily from sophisticated 2D blueprints (i.e., blueprints generated by computer software). It means that these 3D printers made by Nano Dimension can deploy as sophisticated prototype 3D printers.

The benefits of using in-house prototype 3D printers to print electronic prototypes are plenty. For example, IP (Intellectual Property) can be kept in-house secretly since the company doesn’t have to send out the IP to a third party to work on the prototypes. Moreover, these 3D printers from Nano Dimension can also be used as backup manufacturing machines for electronic devices such as PCBs. When the needs arise, any company can switch on the 3d printers to start doing the sophisticated 3D printing of electronic devices.

Honestly, I’d purchased shares of Nano Dimension’s stock, and so I’m glad to be able to get more details on this company through the video right after the break. In the video, Yoav Stern goes into detail on why Nano Dimension’s Additive Manufacturing Electronics technology (3D printers) can outdo their competitors.

Toyota Heats Up The Race To Electrification

Tesla is still leading the way to electrification. Nio and other well known Chinese electric car makers are revving up their effort in competing both against Tesla and the old-school Internal Combustion Engine car manufacturers. Since electrification requires fewer moving parts, the cars should be less complicated to produce and streamline the supply chain — but there are limits still in improving the electrification process. One of such limits is the battery range. Another is the battery’s not so robust recharge cycle amount before the degradation of a battery begins to take place when every time it gets charged up.

No worry though, I think Tesla is doing its best to improve these limits. Lately, Nio upgraded 75 kWh battery technology to 100 kWh, and this means Nio’s car owners now can either choose to use the old tech battery or upgrade to a newer one which is the 100 kWh. The 100 kWh battery allows Nio cars to have a better mileage range. Nio’s 100 kWh battery allows Nio cars, depending on the vehicle sizes, to travel up to 615 km (382 miles) per charge. Other EV (Electrical Vehicle) makers are not idling by either because they’re too improving the battery tech and getting rid of more limits in the electrification process.

Besides improving the battery tech, sometimes it’s also better to reinvent the wheel, and so other EV innovators are coming up with ways of reinventing the whole EV battery tech altogether. Instead of relying on the common lithium-ion battery tech which relies on a liquid electrolytic solution, some EV innovators are hard at work in pushing out solid-state battery tech which gives a better recharged time. For example, QuantumScape — which went public recently through a SPAC (Special Purpose Acquisition Company) merger — is promising to push out solid-state battery tech which allows an EV battery to be recharged about 80% but it takes only 15 minutes to do so. QuantumScape mentioned that they will begin the manufacturing process around 2024 to get this tech onto the market — which is four years from now.

Here I thought QuantumScape is already a game-changer, then suddenly Toyota announces that they will release an EV in 2021 with a solid-state battery tech that allows the vehicle to be fully recharged within 10 minutes. I think the age of electrification is now heating up and ready to go much farther in terms of overtaking the traditional ICE makers fast. Check out a cool video right after the break where Toyota boasts about their electrification process of Lexus cars in the near future.

Can Tesla Backflow The Power Grid In The Near Future?

Can a self-driving car be useful in the aspect of becoming a backflow of power to a grid solution? In the video right after the break, the duo presenters like to think so as they profess Tesla could have huge fleets of robotaxi cars frequently charging up the grid and earning Tesla the bucks on the side. In such a scenario, Tesla could be doing both things such as selling extremely expensive cars to the rich while providing robotaxi cars to the everyday people while earning real money on the side as these robotaxi cars would charge up the grid when idling. What do you think?