Why the US should not try to thwart China’s blockchain and digital currency ambitions
- China is racing ahead with blockchain tech and its own digital currency and, given the vast implications of this, needs to quickly establish international benchmarks and a clearer legislative framework
- The US can hinder this or work together with China to establish global governance, manage the disruptions and harness the tech for global growth
Edward Tse is founder and CEO of Gao Feng Advisory Company, a strategy consultancy with roots in China assisting clients on global business and management issues. He previously headed Greater China operations for two major international management consulting firms for over 20 years, and is the author of The China Strategy and China’s Disruptors.