CHINA - Media OutReach - 28 May 2019 - New York Digital USD DUSD
exclusively named FINWISE Summit, which opened in Hong Kong on May 28.Johnson
Zhao, founder of DUSD, delivered an important speech revealing that the
"The Infernal Battlefield" of the block chain is on Wall Street. The
next ten years will be the golden decade for the stablecoin.
Key word:DUSD； Digital USD;FINWISE； FINWISE Summit; Johnson Zhao
New York Digital USD DUSD
exclusively named the 2019 FINWISE Summit, which opened on May 28 at Hong Kong
Intercontinental Hotel.The theme of this Summit is "Global Science and
Technology Finance Summit Forum", which focuses on exploring the way of
integration of Finance and science and technology.
DUSD endeavors to create a new Digital
USD stablecoin ecosystem, following the 2009 Global Block Chain (Hangzhou)
Summit as an exclusive strategic cooperation unit, and it has enjoyed the
exclusively naming of the FINWISE Summit in Hong Kong in 2019.
DUSD Total Name FINWISE Summit Opened & Opening Speech of
FINWISE Summit by DUSD Founder Johnson Zhao & Johnson Zhao,
founder of DUSD, told about the "Odyssey Tour" of the block chain
Johnson Zhao, founder of DUSD, delivered his opening speech on the
block chain's Infernal Battlefield,
After the opening of the 28 th
Summit, Johnson Zhao, founder of Digital USD (DUSD), took the lead in
delivering the FINWISE Named Business Speech " Infernal Battlefield of
Block Chain - From Bitcoin to Facebook Coin". The keynote of the speech
was:The " Infernal Battlefield" of the block chain is on Wall Street.
The next ten years will be the golden decade for the stablecoin.
Johnson Zhao, currently resident on
Wall Street, has started his own block chain journey as early as 2014. The
investment field focuses on block chain technology, artificial intelligence and
biotechnology. He is passinate on stablecoin as the core fuel and
infrastructure of block chain 2.0.Mr. Johnson Zhao also launched the first
non-profit Global Block Chain Media Alliance and Global Block Chain Award in
"Odyssey Tour" of Block Chain
Johnson Zhao talked about the past
and the present in his speech, which not only depicted the long journey of
mankind towards the block chain, but also expressed his firm confidence in the
reconstruction of the world by the block chain.He quoted Mark Anderson, a
venture capitalist, as saying:"Twenty years from now, we will be talking
about block chains as we are talking about today's Internet." Block chains are
trust machines, consensus and win-win.If AI is a productivity revolution, then
the block chain is likely to be a production relationship revolution.The birth
of the block chain has undergone a long "odyssey journey":From the
ancient times to the agricultural times, to the industrial times and to the
digital times, the cornerstone of trust has shifted from blood, religion,
institution and machine. The block chain is destined to reshape the trust
model of mankind.
In his speech, Johnson Zhao
comprehensively interpreted the innovative value dimension of block chain:
value record (behavioral data, data capitalization);
efficient value interconnection (asset monetization, cross-temporal circulation);
3. More equitable value allocation
(monetary capitalism-total factor capitalism);
credible performance mechanism (intelligent contract, machine trust);
flexible organizational collaboration (distributed collaboration, community collaboration).
He believed that the block chain
was another major subversion of the business logic and organizational model
since the Dutch invented company system 400 years ago and the steam engine of
industrial revolution in 1784. It was a new cooperative win-win model of
decentralization.Block chains, as the updating of the bottom layer protocols of
the Internet, can solve the problem of inequity in the highly efficient
Internet, and may eventually create the largest digital migration in human history
with the help of a network effect 100 times greater than that of the Internet.
Block chains are engulfing and reshaping the whole world in the tens of
millions of dollars market.
Wall Street is the "Inferno Battlefield" of block chains
"Inferno Battlefield" in Silicon Valley;The Gene Editor's
"Inferno Battlefield" was in Boston.Block Chain's "Inferno
Battlefield" was on Wall Street.Based on this judgment, Johnson Zhao
focused his investment on ABC (AI, Blockchain, CRISPR) three frontier areas of
science and technology.
As Don Tapscott, the father of the
digital economy, said:The black technology that will have the greatest impact
on human beings in the next ten years is not robots, big data or even
artificial intelligence, but block chains.The process of rebuilding society
through block chains means significant strategic investment opportunities.The
Bay Area and Silicon Valley are the headquarters of high-tech venture capital,
but Johnson Zhao recognized the "Inferno Battlefield" of the Wall
Street block chain.He firmly believed that block chains, as trust machines in
the digital age, will reshape the value foundation with perfect mathematical
solutions and technical means.The financial wave set off by block chain on Wall
Street will surely spread to the world and reshape the global digital financial
value system. As the heart of global finance, Wall Street will bear the brunt.
Stablecoin Occupies Digital Finance Track in the Next Decade
In his speech, Johnson Zhao
originally put forward five tracks of digital finance:Wallets, exchanges,
stablecoins, Digital Banking and payment were perfect for real-world dollars,
NYSE, credit cards, banks and VISA/SWIFT. Other tracks include insurance,
funds, securities and other financial products.Johnson Zhao, based on his deep
insight into the financial technology industry, judged that the stablecoins
were the first among the five major tracks.
In recent years, Johnson Zhao has
traveled through the United States, Japan and Europe, witnessing the rapid
development of the blockchain industry since 2008.Since the second half of
2018, JP Morgan Chase has launched JP Mcoin, technology giants Facebook, IBM
and Google were also laying out in the block chain industry. Japan's four big
banks are also contrary to the norm, announcing the joint issuance of J-coin.
In the war between financial and technological giants, the trend of stablecoin
in the block chain battlefield has become increasingly clear.
The giant's new entry into the
layout block chain is all in the stablecoin.From Bitcoin to Facebook Coin, the
boom in stablecoin heralds the future of block chains as stable value
media.Wall Street calls for stablecoins. Financial markets need stablecoins.
Stablecoins were becoming an indispensable infrastructure for the
blockchains.The new eco-stablecoin represented by Facebook Coin was the real
era of block chain 2.0, which represented the industry technology and market
trend of block chain in the next 10 years.
The fourth generation stablecoin DUSD has five advantages and six
Following Johnson Zhao strategic
vision in the area chain industry, hundreds of industry media, investment
institutions and project leaders shared and witnessed DUSD's five unique
advantages and six ecologies as the exclusive naming merchant strength of the
Summit, both inside and outside the Summit venue, online and offline.
Tether of Bitfinex was the
first-generation stablecoin, GUSD of Gemini and PAX of Paco were the
second-generation compliance stablecoin, Facebook Coin will be the
third-generation single ecological stablecoin, and the fourth-generation
stablecoin represented by DUSD with Turing complete stablecoin system will
support the future of cross-ecological application of stablecoin.DUSD is the
fourth generation stablecoin with original consensus mechanism and exclusive
algorithm. It was officially launched on Wall Street in November 2018.
DUSD is a master of turnip removal
compared with three kinds of stable currencies: physical mortgage, virtual
currency mortgage and algorithmic currency. Johnson Zhao, the founder of DUSD,
interpreted the five unique advantages of DUSD on the spot.(1) (1:1) anchoring
U.S. dollars at high altitude;(2) Compliant operation;(3) Third-party
trusteeship;(4) full monthly public audit;(5) Intelligent contracts are fully
mortgaged.The DUSD ecological scenes cover six major industries:Acceptance
ecology, wallet ecology, community ecology, payment ecology, trade ecology and
exchange ecology.DUSD has made innovations in both the regulatory governance
framework and price stabilization algorithm, trying to solve the problems of
trust, efficiency and stability that have troubled stable currencies.In the
future, DUSD will also land on EOS, wave field, everiToken and other mainstream
public chain platforms.
The world's top 500 companies have
their own stable monetary payment ecology. Block chain industries also need a
set of ecologically stable currencies, such as DUSD, to stabilize value, expand
influence in many fields, and to serve and support the blockchain world's