Alibaba’s Jack Ma Blasts WTO in Davos, Set to Take World Trade Online
While Alipay is planning to implement Blockchain technology for the long-term benefit of its consumers, Alibaba’s Jack Ma has disclosed his company’s plan to build up an EWTP – an Electronic World Trade Platform – to support young people and small business. Business designed by businessmen, not bureaucrats. Its idea is to improve on overall globalization which he says has yielded positive results for both China and the world by making more room for small businesses rather than the current system run by the World Trade Organization, hereinafter WTO, which was developed to protect corporate....
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At last year's World Economic Forum in Davos, Bitcoin was only mentioned in scorn by the attending central banking elite. Major establishment players such as JP Morgan Chairman Jamie Dimon, and Treasury Secretary Jack Lew managed to say the word Bitcoin, only to speak of it through clenched teeth. In 2015, Bitcoin is getting the respect it deserves, at least from the event's organizers themselves. (I'm sure the acquisitions of Microsoft, PayPal and Dell since last year's event had something to do with it.) World Economic Forum Promotes Bitcoin This Year. The Swiss resort in Davos receives....
Chinese e-commerce behemoth Alibaba has surprised the crypto world by launching a non-fungible token marketplace. According to the South China Morning Post, Alibaba’s NFT marketplace not only allows users to buy and sell NFTs, but also license intellectual property (IP) copyrighted by blockchain technology. The marketplace is targeting creators such as musicians, writers, artists and […]
Klaus Schwab’s yearly conference in Davos, Switzerland, is a way to parade attempts to make capitalism more socialist through “shareholder capitalism.”
The World Economic Forum discussion on financial services at Davos in Switzerland this week centered around popular financial technology, including Bitcoin and the blockchain. While some of the Davos elite believed such intense focus on the emerging technology is premature, others believe the sector is swiftly growing and should be a consideration in the wake of the financial crisis which engulfed Davos discussions in prior years. Despite increased emphasis on rising payment technologies, the general feel for the global economy remained neutral to optimistic. “If you look at the amount of....
This week the world has been talking about the World Economic Forum (WEF) meeting in Davos, Switzerland, which started on May 22 and ends on May 26. At the event, Bridgewater Associates founder Ray Dalio spoke about today’s economy, the Federal Reserve, cash, and cryptocurrencies. Dalio noted at the WEF conference that he believes blockchain is great, but says “let’s call it a digital gold.” Billionaire Hedge Fund Manager Ray Dalio Says ‘There’s Going to Be a Supply and Demand Problem That Produces a Squeeze’ During the first week of....