- Da Hongfei, the founding father of NEO, believes we’re at the moment seeing a sample of de-globalization.
- In keeping with him, blockchain will put humanity again on monitor to turn into a worldwide group.
Within the Blockdown 2020 digital convention that occurred just lately, NEO (NEO) founder Da Hongfei spoke about blockchain’s function within the post-pandemic world. Hongfei, who’s the creator of the challenge, dubbed the “Chinese language Ethereum,” mentioned that we’re presently witnessing a sample of de-globalization. He believes that blockchain will put humanity again on monitor to turn into a worldwide group.
Hongfei famous that whereas completely different international locations have completely different monetary ideas and concepts, blockchain might be the impartial floor which bridges these gaps:
Initially, blockchain is ideology impartial. It’s not backed by capitalism, it’s not backed by socialism. It’s jurisdiction agnostic… Generally folks say code is regulation, I feel that’s a sensible means of claiming blockchain is jurisdiction agnostic.
In keeping with Hongfei, international locations within the post-pandemic world will discover it onerous to get better utilizing their restricted infrastructure and provide traces. He mentioned that blockchain might operate because the host of a worldwide market.
Blockchain can turn into a worldwide market. A ledger is a worldwide database. If we will put all the world property on the blockchain, we will have a worldwide market the place everybody can commerce with everybody.
Nonetheless, the NEO founder doesn’t suppose the obtainable crop of blockchains is provided to handle the calls for of internet hosting a worldwide financial system.
Is as we speak’s blockchain know-how prepared? Sadly my reply is not any. I don’t suppose as we speak’s blockchain can fulfill the mission to carry the human financial system on high of it. We are able to enhance in three points: interoperability, tokenization and adoption.
