Baba Beijing is going to start using blockchain technology for official business, China Rising Radio Sinoland 170817

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If you can’t beat them, join them, they say While Bitcoin is officially banned in China, the government has decided to coopt it and other blockchain platforms, like Etherium, by developing its own national version

Global banks are fearful of blockchain, since it can cut them out of financial transactions and allow the buyer and seller to do business directly – no need for bank wires, letters of credit, etc, and all the easy bank profit from fees and charges. With China touting the world’s four biggest banks on the planet, all state owned, blockchain would be another quiver in Baba Beijing’s arsenal to combat the West for financial supremacy. Just think, no need for the Bank of International Settlements, SWIFT, no potential Western imperial banking strangulation and sanctions like on Iran, Iraq, Russia, Cuba, DPRK, Venezuela and too many others to count.

Given that China’s entire financial sector is people owned and under one umbrella of financial governance, the Communist Party of China, no other country has the potential to concentrate on and pull off a national blockchain system. It would seamlessly harmonize with the first global long distance, hackproof quantum communication network and, thus completely shutting out CIA-MI6 Spookville, as well as the Rothschilds and Rockefellers. Talk about killing two monsters with one stroke.

This also jives well with China and Russia developing their own interbank settlement system, called CRIFT, thus cutting out the West’s SWIFT system Not to mention, Russian President Vladimir Putin recently met with Etherium founder, Vitalik Buterin, likely looking for ways to insulate Russia from Western financial war

Analysts Rory Hall, from The Daily Coin and Jeff J. Brown recently discussed many of these aspects in a recent interview



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