The Chinese provinces are looking to build a 5G network with Huawei on a blockchain. Huawei telecommunications company is a pioneer in the field of the latest technology that brings the Internet around the world.
News was released by Global Times website. This site is the announcer of the Communist Party of the People’s Republic of China.
5G: Blockchain at the cost of privacy?
Chinese provinces are very much in favor of a new network that would work on the principle of blockchain technology. However, in Europe the telecommunications company encounters a number of obstacles. European governments, together with the United States, are concerned about freedom and rejecting the new technological miracle.
Global Times wrote on Twitter:
#Huawei and Nanshan government of #Shenzhen signed an agreement Friday to establish #Kunpeng industrial demonstration zone to accelerate the application of #blockchain, artificial intelligence, big data, and #5G, and forge the city into a model area for the #chip industry. pic.twitter.com/lazdU6b437
— Global Times (@globaltimesnews) April 13, 2020
Chinese cryptocurrency
China and the US are overtaking by who will first come up with a digital currency. In the democratic US, efforts to create a digital dollar are faced with legislative problems. The problem was addressed by Mark Zuckerberg, who said that China must not acquire a digital currency before the US.
The problem continues to evolve and the founder of Facebook is still pushing for his Libra cryptocurrency to be allowed and to quickly take over the entire market.
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