It is however funny how major economic favored nations would see an innovative come through, yet they prefer taking chances and wasting time, trying to cut through rather than embrace it. This formula never works, better testing than ignoring or fighting against, so for these reasons, a lot of countries will lose their economic stands and all those years of hard work would be bisected down the charts.
I do hear a lot of people making references to the old times when certain locations were doing so well, but of recent, they can't seem to find a spot for them on the list of profitable places, this never surprises me, the system truth remains that at some point, they relented on thriving through innovations and ended up being outpaced. Just because a student's watch says it's 12:59pm doesn't mean it will stop the lecturer from moving out when his watch says it's 1pm. Time doesn't actually wait for anyone, and the fun factor about time is that when it leaves, it leaves with all the opportunities it came with.
Major nations of the world tend not to understand the importance of citizens until they lose them. I feel I've mentioned this a couple of times and I'm saying it again, it won't be surprising to see great numbers of immigrants to locations no one expected, the world moves with innovations and the system is supposed to adapt or get left behind. Currently speaking, a hell number of people are digging into better locations to build a home, and funny enough that the real shit hasn't been exposed to the world, so what happens when billions find the new puzzle box that has it all?
Sometime back, I made a post captioned "44 Days To Go for Crypto Expo Dubai 2021 - Connecting Crypto Businesses" and now it's 19 days left and things are already feeling the heat. You would be trippin if you're sleeping on the Dubai crypto and blockchain technology moves. These guys understand what it takes to stay relevant in the markets, and all this is planned to make them competitive in the economy flipping season; matter of fact, they are likely to see more numbers of businesses moving fluently in the Arabs. Something which got my attention was the UAE blockchain strategy 2021. After the economic free zone in Dubai came to a documented consensus for establishing a global hub for the cryptocurrency industry with the UAE’s Securities and Commodities Authority (SCA) to trade crypto assets, I had to stumble on something which explains the nation's friendly approach towards the network ;
In April 2018, the UAE Government launched the Emirates Blockchain Strategy 2021. The strategy aims to capitalise on the blockchain technology to transform 50 per cent of government transactions into the blockchain platform by 2021.
The blockchain technology will help save time, effort and resources and facilitate people to process their transactions at the time and place that suit their lifestyle and work. By adopting this technology, the UAE government expects to save:
- AED 11 billion in transactions and documents processed routinely
- 398 million printed documents annually
- 77 million work hours annually.
The UAE will use blockchain for digital transactions, giving each customer a unique identification number that points to their information on the secure chain. Information and data on the blockchain cannot be hacked or changed, which will ensure the digital security of national documents and transactions and eventually reduce operational cost and accelerate decision-making.
It's a no-brainer that the body of operations here are much more informed about the importance of this technology and its ecosystem. Building a friendly crypto nation with further blockchain is only a one way ticket to a double valued economy. But unlike Dubai, some other locations believe working against the system is what's golden, calling it a risk is however what makes them happy, so this is a set up body disagreeing with innovations that will change the world.
One of these nations happen to be Nigeria which I also made a post about, captioned "People Will Choose Crypto Over CBDCs - The Case Scenario For e-Naira" subsequently, I've always talked about major government flaws, and CBDCs is a project that's only set up to waste funds because that's all it's ever gonna do. Even the US stands a chance of dropping down the charts if there's no amendment down to its current choked regulations craps. India however saw the need to reconsider their approach towards the network, so they lifted their ban on cryptocurrencies. This is all taking zig zag runs and what determines the end of it would all boil down to the embrace process.
El Salvador movements have not actually been left out on this, the nation's name has been hitting the headlines a lot as a result of its system friendly approach to cryptocurrency, Bitcoin to be exact. To conclude this all, the nations building their economy around crypto and blockchain technology will see front rolls in a couple of years, and the ones that don't, will be where losers be. That's the great flipping there's going to be!
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We are going to see decisions made now by countries affect then for the next couple decades. It is akin to being late to the Internet game. That put many countries way behind, a place they could not catch up from.
With the next generation internet, there is a vying for the positioning. Many countries are trying to hold onto the old and will fall behind. This includes leading countries like the US and China.
They might be shooting themselves in the ass right now.
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China is going to regret wasting its time being all grumpy.