PARIS and SHENZHEN, China, July 31, 2020 /PRNewswire/ — Shenzhen Thousand Cities Strategic Algorithms Cloud Technology (TCSA) was encouraged as the adviser on autonomous currency technology such as “A New Era of Policymaking for Post-Pandemic Growing Economies”, the 12th yearly convention hosted by the Central Reserve Bank of Peru (CRBP) and Reinventing Bretton Woods Committee (RBWC) on July 24, 2020.
The digital conference welcomed attendees by the Central Bank of Russia, Pakistan, Costa Rica and Armenia, in addition to the Latin American Currency Research Center, International Finance Association, also University of Pennsylvania Economic Research Institute. RBWC President Marc Uzan highlighted the financial effect of the coronavirus pandemic on nations around the planet. The central banks in presence shared their individual financial and financial policy choices in an attempt to restore economic health and productivity, preserve monetary stability, and pave the way forwards for policymaking following the pandemic.
TCSA suggested nationwide markets should boost their financial systems by updating autonomous credit monies to autonomous asset currencies backed by comprehensive info and algorithmic analytics. Applying this revolutionary strategy, central banks may attain true unification of financial, economic, and financial data. This unification also empowers the introduction of a “Policy Conclusion Cockpit” that directly manages a nation’s economic, financial, and money systems – lending government officials and political parties a powerful instrument to pilot financial policies and social applications. Together with the “Policy Decision Cockpit”, central banks are going to have the ability to style economic policies employing dependable patterns, solid proof, and real-time optimization. The instrument will improve the efficiency and responsiveness of financial policies against external and internal shocks, while encouraging targeted reform of financial governance systems.
TCSA’s “Sovereign Asset Currency System” includes two package choices: “Electronic Payment + AI Algorithmic Engine + Policy Decision Cockpit” or “Digital Currency + AI Algorithmic Engine + Policy Decision Cockpit.” Either method could be constructed over 1 to 3 years together with current POS, mobile payment, online banking methods or electronic money strategies – efficiently ensuring a strong, secure update of current payment methods. What’s more, TCSA will run a detailed technology transfer of customized hardware and software to fundamental bank spouses to guarantee complete data privacy and safety.
In August, TCSA will sponsor webinars with numerous central banks to discuss the execution of the “Sovereign Asset Currency System”.
SOURCE Thousand Cities