Country for PR: China
Contributor: PR Newswire Asia (China)
Friday, July 10 2020 - 00:24
AsiaNet
The Era of Precision Currency Has Arrived: Thousand Cities Strategic Algorithms Cloud Technology (TCSA) Forms Partnership with RBWC
PARIS and SHENZHEN, China, July 9, 2020 /PRNewswire-AsiaNet/ --

-With its Sovereign Asset Currency AI System, TCSA will change how a country 
measures the true value of money.

Reinventing Bretton Woods Committee (RBWC) hosted a virtual signing ceremony to 
launch its partnership with Thousand Cities Strategic Algorithms Cloud 
Technology Ltd. (TCSA) as the core member of its Sovereign Currency Technology 
for central banks globally. Mr. Marc Uzan, Executive Director of RBWC, and Mr. 
Adkins Zheng, Chief Algorithm Officer of TCSA attended the event. 

Photo - https://photos.prnasia.com/prnh/20200709/2853775-1 

"Every country around the world is facing the aftermath of the COVID-19 
pandemic. This is precisely the moment when a new economic vision and a 
powerful governance tool are most needed," said Zheng. "TCSA is leading the 
second data revolution through our construction of a nucleus for the data world 
– 'algorithmic units', which upgrade traditional data traffic logic to a new 
level of causal AI logic. As a result of this transformation, data will finally 
support human civilizations at the deepest levels of social interaction through 
the measurement of real-time monetary demand and supply, as well as the 
innovation of national policies, social systems and governance mechanisms. Each 
national government will have a customized algorithmic AI engine with superb 
financial and economic monitoring capability, which enables precise resource 
allocation at every level within the country."

TCSA's innovative "Sovereign Asset Currency" will fundamentally transform the 
current "Sovereign Credit Currency" system. Based on new economic and monetary 
theories, the Sovereign Asset Currency AI system will mitigate the shortcomings 
of traditional Sovereign Credit Currency's long-term financial risks. 

Even prior to launching this exciting partnership, TCSA already received 
tremendous support from academics and government officials worldwide. RBWC, who 
shares the same vision, has also been an influential international non-profit 
organization committed to helping central banks redefine their global financial 
architecture and currency system. 

The partnership between TCSA and RBWC comes amidst the fundamental shift taking 
place across the world, as more countries realize the urgent need for AI 
currency systems that can yield transparent and sustainable social economic 
development results. Moving forward, both RBWC and TCSA will jointly roll out 
webinars on "The Foundation of Digital Currency: Creating a Sovereign Asset 
Currency System." Further solutions will be launched during the annual Dialogue 
of Continents conference for central bankers in October 2020. 

SOURCE: Thousand Cities

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=367067

   Caption: 	Reinventing Bretton Woods Committee hosted a virtual signing 
ceremony to launch its partnership with Thousand Cities Strategic Algorithms 
Cloud Technology Ltd. as the core member of its Sovereign Currency Technology 
for central banks globally.

Translations

Japanese