PR84725

PARIS and SHENZHEN, China, July 9, 2020 /PRNewswire=KYODO JBN/ --

-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

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   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.