PR86506

PARIS, Nov. 9, 2020 /PRNewswire=KYODO JBN/ --

Thousand Cities Strategic Algorithms Cloud Technology (TCSA) was invited as a

panelist and distinguished expert for the Dialogue of Continents, a forum

hosted by the Hamburg Institute of International Economics and the Reinventing

Bretton Woods Committee (RBWC). Mr. Adkins Zheng, the Chairman and Chief

Algorithm Officer of TCSA, delivered a keynote speech during the opening

discussion themed "Embracing the Age of Imagination and Uncertainties: The

Global Economic and Social Impact of COVID-19" on November 5th, 2020.

The pandemic has severely impacted the global economy, creating significant

pressure on both political institutions and traditional governance mechanisms.

In his keynote, Zheng addressed the pressing need to find a new way out of the

current conundrum, where the effectiveness of monetary policies is ebbing and

central banks find themselves making decisions in total darkness. The insights

and solutions provided by TCSA to transform each central bank into a nation's

largest data powerhouse – ensuring transparency and providing a real-time,

granular, and scientific view for decision-makers around the world – won

recognition from all parties involved.

This central-bank-based data hub will serve as the "policy cockpit" and the

"macroeconomic brain" for a new era of contemporary governance and provide a

significant upgrade in statecraft.  The panel reached the common ground that

data should not be controlled only by the private sector, as is often the case

by major internet giants. Instead, data must be owned by each nation and its

citizens for a more egalitarian purpose: to create an equal, sustainable and

transparent country of stability and prosperity.

Participating global authorities and thought leaders also express their deepest

concerns for economic fragility, societal fragmentation, climate change, and

geopolitical tension, and reach a consensus that joint efforts and collective

action should be the top priority. They called for tighter collaboration

between nations on multilateral platforms, stronger links between the public

and private sector, and deeper collaboration across disciplines from science to

politics, in order to create a common path towards innovative progress and

sustainable peace.

The first opening panel of this 3-day annual conference was attended by global

thought leaders such as the Korea Institute for International Economic Policy

(KIEP), Think Austria Strategy Unit of the Austrian Federal Government, Center

for the Future of Work at Cognizant, Institute of Global Affairs at London

School of Economics and Political Science (LSE) and the Ministry of Finance of

China. Attendees had an in-depth discussion on the implications of COVID-19 and

how policymakers can address global challenges with bold, innovative and

data-empowered solutions.  

SOURCE: TCSA

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=376217 

   Caption: TCSA was officially invited to the Dialogue of Continents global online conference

   Link: http://asianetnews.net/view-attachment?attach-id=376221 

   Caption: Adkins Zheng of TCSA Delivers Keynote at the Dialogue of Continents