PR85037

SHENZHEN, China, Aug. 6, 2020 /PRNewswire=KYODO JBN/ --

Mr. Adkins Zheng, Chairman and Chief Algorithm Officer of TCSA, shared a

comprehensive overview of his company's mission, values and grand vision during

a recent documentary with Phoenix TV.

Photo - https://photos.prnasia.com/prnh/20200806/2878309-1 

"In just a few years (Elon Musk has) been able to manufacture safe, reliable,

and affordable cars and rockets;" said Adkins, "Yet, after 300-500 years, we

still haven't constructed a truly sustainable economic, monetary, and fiscal

system, meaning most economies today are either stagnant or debt-laden."

Adkins believes the underlying problem is that humanity lacks a reliable

institutional toolkit to fine-tune national policies, social systems, and

economic instruments. In the wake of the coronavirus pandemic, economies around

the world are falling into chaos, recession, and fragmentation. To restore order,

stability and prosperity, we must set a new standard for powerful economic governance tools.

Standing on the shoulders of economic thinkers like Adam Smith, David Ricardo,

Laski, Hayek, and John Maynard Keynes, Adkins has put forward a comprehensive

redefinition of foundational economic theory, introducing three new elements:

1. Social supply capability

2. Social supply system

3. Base vs efficiency prices.

By applying advanced data science to new economic theories, TCSA has surpassed

conventional sovereign credit currencies, Bitcoin, Libra, and other digital

currencies in exploring the possibilities of economic value exchange.

TCSA has discovered a reliable methodology capable of synchronizing currency

price and value, overcoming the crucial drawbacks of the monetary system while

using innovative algorithms as a technological solution for sovereign currencies.

True data unification allows for the creation of a "Policy Decision Cockpit"

that directly oversees a country's economic, fiscal, and currency

systems--giving government officials and political parties a practical

policymaking toolkit to pilot economic policies, social systems, and governance

mechanisms with real-time, unified data at their fingertips.

The "Policy Decision Cockpit" can significantly increase monetary policies'

efficacies and responsiveness to internal or external shocks and support the

targeted reform and upgrade of economic governance systems.

TCSA's "Sovereign Asset Currency" system is a proverbial "rocket" that promotes

the rapid evolution and reform of institutional mechanisms and toolkits in the

global economic order. For central bank partners, TCSA will conduct a

comprehensive technology transfer of all customized software and hardware

components to ensure absolute data privacy and security.

SOURCE  Thousand Cities

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=368684

   Caption: TCSA chairman, Adkins Zheng, was invited to be interviewed by Phoenix TV’s,

"Elite Converge" program.