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Webtel.mobi Describes Why the High Debt of G7 Countries is a Likely Barrier to Global CBDC and Digital Currency Adoption

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ST PETER PORT, Guernsey and NEW YORK, Oct. 20, 2021 (GLOBE NEWSWIRE) — In order for a proposed CBDC or other Global Digital Currency to function as a globally acceptable medium of exchange – as opposed to being just an internal mechanism within a country – there will first have to be global agreement among countries on principles to govern this new form of money. In particular, there will have to be confidence among all participants relating to the solvency of all currencies.

Without this, a Global Clearing System with all major countries’ participation will not be able to be set up. Without a Global Clearing System – which must precede global CBDCs or Global Digital Currencies – no international global CBDC or Global Digital Currency issued by countries can, or will, ever come into being.

However, there are currently rival power groupings of major countries internationally, and these rival power groups have very divergent geopolitical views and aims. One of the primary drivers of these divergent geopolitical aims and views is economic rivalry.

The rivalry exists primarily between the “old” economies of the Group of Seven or “G7” countries (the United States, Canada, the United Kingdom, Germany, France, Italy, and Japan), and the “new” economies of the “BRIC” countries (Brazil, Russia, India, and China). The reasons for these rivalries existing can be clearly seen in the snapshot economic comparison below:

  • G7: Population = +/- 775 Million
  • BRIC: Population = +/- 3.196 Billion
  • G7: Total Gross Domestic Product (GDP) = USD 43.996 Trillion
  • BRIC: Total Gross Domestic Product (GDP) = USD 44.898 Trillion
  • G7: Total National Debt = USD 59.480 Trillion
  • BRIC: Total National Debt = USD 13.4 Trillion
  • G7: Percentage of Global Population = +/- 10%
  • BRIC: Percentage of Global Population = +/- 41%
  • G7: Percentage of Global Debt = +/- 73%
  • BRIC: Percentage of Global Debt = +/- 16%
  • G7: Average National Debt of every G7 countries’ citizen = USD 76 748.00
  • BRIC: Average National Debt of every BRIC countries’ citizen = USD 4 192.00

(National Debt is incurred by governments on behalf of citizens, and citizens have to repay it – in tax)

This situation is further compounded if one examines some key data, as illustrated in the snapshot below:

  • Agriculture: G7 – Declining / BRIC – Expanding
  • Industry / Manufacturing: G7 – Declining / BRIC – Expanding
  • Oil and Gas: G7 – all Net Importers / BRIC: Russia is a Net Exporter
  • Financial Services: G7 – Declining (slowly but steadily) / BRIC – Expanding (slowly but steadily)
  • Poverty Levels: G7 – Increasing (slowly but steadily) / BRIC – Decreasing (slowly but steadily)
  • Real GDP: Only 3 of 7 in the top 8 internationally / All 4 in the top 8 internationally
    (See the “Resources” section of this article for details on Real GDP and national Debt)

The stark economic differences between these two groupings of major powers and their divergent potential growth trajectories already create international instability in even arms-length relations between them – as evidenced by their constant vetoing of one another’s motions at the United Nations Security Council.

Consequently, the likelihood for agreement between them on a matter as crucial as their own economies – and information sharing in respect of matters to do with their own economies and currencies (as is a prerequisite for setting up a new Global Clearing System) would be very slim indeed. Without the Global Clearing System, it is not possible to ever have globally exchangeable CBDCs or Global Digital Currencies (as currently envisaged).

However, there was – and is – a solution that would facilitate a fully functional Global CBDC-equivalent and Global Digital Currency despite divergent geopolitical rivalries between countries and power blocs.

At the Bretton Woods Conference held towards the end of the Second World War, the English Economist John Maynard Keynes proposed the creation of an “International Clearing Union”. This would be a neutral Global Clearing System – free of political and geopolitical baggage – through which the countries of the world would conduct their trade. It would use as its medium of exchange an instrument that he termed the “Bancor”. The Bancor would be a form of substitute currency that would be valid and convertible.

This system of International Clearing Union and Bancor was not adopted.

Had it been, the current overload of debt in national economies and the global economy may not have been able to arise. This is because this system makes fiscal irresponsibility much more difficult to obscure, and it promotes (and rewards) balance of trade and fiscal discipline – while at the same time making it difficult for opaque financial structuring to take place unseen.

It is upon this International Clearing Union with Bancor system that the Webtel.mobi Global Clearing System with TUV is based.

Indeed, it is largely an upgraded replica of the structure that Keynes proposed – just significantly upgraded due to the possibilities that 21st Century Artificial Intelligence capacities and the globalization of the world in the internet age have provided.

Webtel.mobi’s Global Clearing System has within it all functionality, processes and facilities that are required for – and that exist in – a Global Financial System. It enables and facilitates every type of transaction that is possible – on a global basis.
Moreover, Webtel.mobi – due to the capacities and global reach of its system – adopts a completely neutral stance towards all entities worldwide. This is to act in a capacity as a Supranational Entity, allowing for the free flow of trade and transactions across its system without fear or favor (subject to internationally agreed laws, conventions, and restrictions) – as must be the case in respect of global money flow / global economic traffic.

Moreover, Webtel.mobi’s TUV Digital Currency fulfills the same role as the proposed “Bancor” in its Global Clearing System. It facilitates conversion of any country’s currency into a globally valid, recognizable, acceptable, transferable, exchangeable, convertible, FX convertible and redeemable store of value and medium of exchange. It does this without interfering with any country’s or Central Bank’s Monetary Policy or Currency Sovereignty.

The only primary ways that Webtel.mobi’s TUV differs from Keynes’s Bancor (other than that the TUV is Digital in format) are as follow:

  1. A TUV does not need to be acquired by gold. It can be acquired by any currency, and its value will be denominated in that currency – with the currency being held in a regulated bank account to act as security and a guarantee of the TUV’s value*
  2. The funds acting as security and guarantee for the TUV can be redeemed for the TUV on demand.
  3. Given the democratization of the world over the past 70 years, TUVs are available not just to governments worldwide, but also directly to people worldwide.
    *  Note: The “Secured TUV” – already completed – will be secured by physical gold

Webtel.mobi’s Global Clearing System and TUV Digital Currency were, moreover, tested in full worldwide operations for nine years with its Platform 1 to refine their working and viability to fulfill their roles worldwide, in a secure manner. Thereafter, Webtel.mobi rebuilt its system’s Platform 2 over three years to incorporate all the lessons learned in those nine years of full operation, and complete a refined and fit-for-purpose system.

After the completion of Platform 2, Webtel.mobi granted access to it, to the Levy Economics Institute – one of the world’s foremost economics research organizations, and among the most authoritative world organizations in respect of the policies of John Maynard Keynes.

The result of the year-long review of the Webtel.mobi Global Clearing System and TUV Digital Currency were that the Head of Research at the Levy Economics Institute – Professor Jan Kregel – issued five research papers on the system. One was entitled “Keynes’s Clearing Union is Alive and Well and Living in your Mobile Phone”, and another “Another Bretton Woods Reform Moment: Let us Look Seriously at the Clearing Union”. These papers illustrate what the Webtel.mobi System and TUV are, and what their capacities are (links to these research papers are in the “Resources” section of this article).

The Webtel.mobi Global Clearing System and TUV cannot cure the debt problems of the developed world. They can, however, mitigate the future rise of debt to such levels and reform aspects of the current Global Financial System.

More importantly, while doing so – or whether or not it does so (because it will be up to individual governments to choose to use it or not), it will – and does – assist ordinary people worldwide. It does this by providing them with a safer, more secure, instant, multicurrency and zero cost global digital currency and clearing system, which enables them to save exponential amounts of money and time, and also provides a hedge for them against inflation and their own currencies’ potential depreciation.

Resources:

Media Contact:
Nick Lambert: [email protected]

International Clearing Union:
https://en.wikipedia.org/wiki/International_Clearing_Union

Bancor:
https://en.wikipedia.org/wiki/Bancor

Research Reports on the Capacities of the WM System:

Addition Research Papers on Webtel.mobi’s Global Clearing System and TUV:
https://webtel.mobi/pc/info/research/

Video on the Capacities of the WM System:
https://youtu.be/XYBrCikUhn8 

Characteristics of WM’s TUV Digital Currency:
https://webtel.mobi/info/tuv-characteristics

WM’s urls:
https://webtel.mobi/pc (Tablets / Laptops / Desktops)
https://webtel.mobi (Smart Phones)
https://webtel.mobi/wap (Pre-Smart Mobile Phones)

List of Countries by Real GDP (aka PPP GDP):
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)

World Debt Clocks:
https://worlddebtclocks.com/
https://usdebtclock.org/world-debt-clock.html

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0358b9a0-7597-433a-a2ac-517b2eba7dc5

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

HKPC and HP Launch Joint Technology Centre in Hong Kong on Advanced 3D Printing

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HONG KONG, May 7, 2024 /PRNewswire/ — Hong Kong Productivity Council (HKPC) and HP signed a collaboration agreement (agreement) today to establish the HKPC-HP 3D Printing Technology Centre (Centre) in Hong Kong for application research development on additive manufacturing, also known as 3D printing. The Centre aims to become a pilot transformation base, applying advanced 3D printing technologies to empower various industries, sharpen their competitive edge, and foster the development of high-value strategic industrial chains. It will also accelerate Hong Kong’s pioneering effort in micro-factory and new industrialisation development, offering important references and inspiration worldwide in the pursuit of innovative and sustainable development.

The Centre will be located in the HKPC Building, being the first in Asia to be equipped with both HP’s research version of “Metal Jet” and “Multi Jet Fusion” industrial 3D printers. HP will bring advanced equipment and talent to support the operations of the Centre, and HKPC will contribute expertise in raw material development, process development, and smartification. Market research data estimate that the value of the 3D printing industry will reach US$186.4 billion by 2033, a significant increase from US$27.7 billion in 2023, indicating the immense market potential.
Clean, digitally powered 3D printing generates minimal waste and a minimal carbon footprint. This aligns with global goals of achieving green and sustainable development, while also promoting long-term economic growth through sustainable industries. At the same time, advanced 3D printing provides significant opportunities in strategic industries, such as healthtech, critical components, electronics, and more. In the future, the Centre, with its focus on customisation and precision, can be a game-changer in meeting the demand for hard-to-source parts, complex structures, patient-specific implants, and other tools. This will enable enterprises, especially small and medium enterprises (SMEs), to leverage advanced 3D printing technology and produce high-value, customised goods that can respond to market-specific demands in real-time, offering new levels of flexibility and efficiency that conventional factories are unable to meet.
In the ceremony, Professor Dong SUN, JP, Secretary for Innovation, Technology and Industry, HKSAR Government, said, “3D printing enables the development of more micro-factories in Hong Kong.  Compared to the traditional one, micro-factories require less land and materials, generate higher efficiency but less waste. This best suits Hong Kong’s condition, where land resources are limited and labour costs are relatively high. The establishment of this 3D printing technology centre is undoubtedly a good answer to show how we make use of state-of-the-art technology to promote advanced manufacturing and new industrialisation in Hong Kong. I am confident that Hong Kong’s manufacturing industry will reach new heights, and ‘Made in Hong Kong’ will continue to be a reputable and brilliant international brand. I look forward to more representative technology companies from all around the globe, such as HP to team up with our I&T quangoes, such as HKPC, bringing talents, technologies and machinery to Hong Kong to redefine Hong Kong’s manufacturing industry and drive high-quality economic growth.”  
Hon Sunny TAN, Chairman of HKPC, said, “We’re very pleased to form this research collaboration with HP, underscoring the confidence that global technology firms have in Hong Kong’s strengths in innovation. As an international innovation and technology centre, Hong Kong can be a paragon of the micro-factory city of the future that provides Hong Kong’s answer to develop new productive forces and set a fine example in Asia and across the globe to pursue innovation-driven, sustainable development. Hong Kong’s unique conditions make it particularly suitable for the development of micro-factories. The vibrant ecosystem in Hong Kong, combined with the robust supply chains in the Guangdong-Hong Kong-Macao Greater Bay Area, will provide an excellent pilot transformation base for the development of micro-factories, with significant implications for economies in Asia and worldwide.”
Mr Ramon PASTOR, Global Head of 3D Metals at HP Personalisation & 3D Printing, said, “It’s truly exciting to witness the launch of this collaborative effort between HKPC and HP, which aligns perfectly with our vision of leveraging Additive Manufacturing to drive industrialisation. This initiative not only showcases our dedication to technological advancement but also our shared vision for propelling industry innovation forward. HP believes in the immense potential of Hong Kong’s technology sector. We are also glad to bring in Pro-Technic Machinery Ltd. (Pro-Technic) to provide local support for our collaboration with HKPC.”
The Centre is planned to open in September, serving as a networking hub to promote closer collaboration among academia, research institutions and industries, empowering diverse sectors to grasp market trends. In addition to application development, the Centre will also provide consultancy and training services, driving advancements and propelling the 3D printing industry, as well as other industries utilising 3D printing technologies, forward.
About Hong Kong Productivity Council 
The Hong Kong Productivity Council (HKPC) is a multi-disciplinary organisation established by statute in 1967, to promote productivity excellence through relentless drive of world-class advanced technologies and innovative service offerings to support Hong Kong enterprises. Being a key enabler of Industry 4.0 and Enterprise 4.0, HKPC strives to facilitate new industrialisation in Hong Kong, as well as bolstering Hong Kong to be an international innovation and technology centre and a smart city. The Council offers comprehensive innovative solutions for Hong Kong industries and enterprises, enabling them to achieve resources and productivity utilisation, effectiveness and cost reduction, and enhance competitiveness in both local and overseas marketplace. The Council partners and collaborates with local industries and enterprises and world-class R&D institutes to develop applied technology solutions for value creation. It also benefits a variety of sectors through product innovation, technology transfer, and commercialisation, bringing enormous business opportunities ahead. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades.   
In addition, HKPC offers SMEs and startups immediate and timely assistance in coping with the ever-changing business environment, and strengthens talent nurturing and Hong Kong’s competitiveness with FutureSkills training for enterprises and academia to enhance digital capabilities and TechEd competencies.
For more information, please visit HKPC’s website: www.hkpc.org/en.  
About HP
HP Inc. (NYSE: HPQ) is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming, and more. For more information, please visit: http://www.hp.com.
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ShipFlex from Locus Expands Global Carrier Network to Over 160 Carriers, Enhancing Multi-Carrier Parcel Management Capabilities

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SAN FRANCISCO, May 7, 2024 /PRNewswire/ — Locus.sh, a global AI-powered integrated logistics management SaaS company, announced its global carrier network for ShipFlex (its innovative multi-carrier parcel management solution) now has over 160 carriers. This significant expansion reflects ShipFlex’s continued commitment to redefining flexibility and efficiency in logistics for shippers globally.

“By efficiently broadening our carrier network globally, ShipFlex stands out as a marketing-leading offering that has the agility to cater to shippers’ fulfillment needs across diverse geographies, industries, fulfillment models, and fleet types, among other variables crucial to shippers,” said Nishith Rastogi, Founder and CEO of Locus.
For retail, manufacturing, and consumer packaged goods (CPG) companies that outsource their deliveries, ShipFlex stands out as a powerful ally as it optimizes fulfilmment operations across captive, contracted, outsourced and even hybrid fleets. “These sectors prize end-to-end optimization of operations and costs to deliver exemplary customer experiences. By automating decision-making around selecting third-party delivery providers, ShipFlex empowers shippers to meet both current and future demands efficiently across diverse fleet types used by these industries,” added Rastogi.
ShipFlex automates multi-carrier deliveries tailored to specific business constraints regarding cost, speed, and efficiency. The platform simplifies the logistics of sourcing additional capacity and assigning shipments, all from a single dashboard.
The solution enhances dispatch flexibility with its capacity to integrate various carriers easily. It provides end-to-end visibility of the order journey, including real-time status updates and customer notifications, ensuring a top-notch post-purchase experience and minimizing delivery re-attempts.
About Locus
Locus’ order-to-delivery AI-powered dispatch and transport management software helps enterprises transform their logistics from cost centers to revenue generators through advanced optimization algorithms and intuitive workflow automation. Backed by GIC Singapore, Tiger Global, and Qualcomm Ventures, it has helped 200+ global customers across industries – Unilever, Nestle, BlueDart-DHL, etc. – execute over 1 billion deliveries across USA, Southeast Asia, the Middle East, and the Indian subcontinent.
www.locus.sh 
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Metacon and Siemens enter into collaboration for the manufacture of systems for green hydrogen production

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STOCKHOLM, May 7, 2024 /PRNewswire/ — Metacon AB (publ) and Siemens AB have signed a Memorandum of Understanding to enter into a partnership with the aim of accelerating the manufacturing of hydrogen production systems in Sweden, for the European market.

At the beginning of the year, Metacon announced that the company has been granted exclusive rights for the manufacture of complete electrolysis plants based on the partner PERIC’s world-leading technology for pressurized alkaline electrolysis modules (stacks). One of the key components of PERIC’s alkaline technology is efficient and proven 5 MW modules with over 10 years of operating data. Metacon also has access to the 10 MW module that PERIC recently launched and which today, in terms of power and production, is one of the world’s largest. The rights apply to most European countries and mean that Metacon can start from a proven technology that has been developed and refined for over 60 years, and make the adaptations required to match the requirements for safety and automation found in European standards for hydrogen production. With the exclusive right, Metacon now aims to become one of the market leaders in Europe for this type of large-scale hydrogen plants.
The joint MoU means that Siemens will become a technology partner to Metacon to contribute with its solid experience in delivering products, solutions and services in automation, power distribution, electrification, instrumentation, building technology and drives. Siemens will also be able to contribute with its wide range of digital services and software for optimisation, standardisation and simulation during both the manufacturing and operational phases of hydrogen plants.
“Hydrogen is an important piece of the puzzle in the industrial, energy and transport sectors to become CO2 neutral, and is the focus of Siemens’ global investment in Power-to-X. The partnership with Metacon marks a milestone in our quest to create a more sustainable world by, among other things, developing innovative solutions for the energy sector,” says Mikael Kraft, Head of Factory Automation and Sales at Siemens Digital Industries.
“Metacon has big plans for the investment in the manufacture and sale of large-scale electrolysis plants to, among others, the basic industry, the wind power sector and the transport sector in Europe. I have a hard time imagining a better partner on such a journey than Siemens. With its world-leading portfolio of technology, expertise and long-standing experience of similar projects, this partnership gives us the opportunity to both accelerate and optimize central parts of our unique Gigafactory project,” says Christer Wikner, CEO and President, Metacon.
For further information, please contact Christer Wikner, by phone 0707-647389 or e-mail [email protected]
About Metacon
Metacon AB (publ) develops and manufactures energy systems for the production of fossil-free “green” hydrogen. The products in the Reforming business area are based, among other things, on a patented technology that generates hydrogen through so-called catalytic steam reforming of biogas or other hydrocarbons. The development of Metacon’s reforming products is done within the wholly owned subsidiary Metacon S.A in Patras, Greece. The business is focused on catalytic process chemistry and advanced reformers for high-efficiency hydrogen production.
Metacon also offers complete electrolysis plants and integrated refueling stations for green hydrogen, a large and globally growing area for the production of green hydrogen. Electrolysis is a process of driving a chemical reaction to split water by adding electricity. If the electricity used is non-fossil, the hydrogen will also be fossil-free and climate-neutral. Green hydrogen can be used in sectors such as transport, basic industry and the real estate sector, with a better environment and climate as a result. www.metacon.com
About Siemens
Siemens AG (Berlin and Munich) is a technology company with a focus on industry, infrastructure, transport and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more convenient transportation and advanced healthcare, the company is developing technologies to create real value for customers and users. By combining the real and digital worlds, Siemens empowers its customers to transform their businesses and markets, helping them transform the lives of billions of people. Siemens owns a majority stake in the listed company Siemens Healthineers, a global leading medical device provider that is shaping the future of healthcare.
In the 2023 financial year ended September 30, 2023, the Siemens Group generated revenues of €77.8 billion and net profit of €8.5 billion. As of September 30, 2023, the company had approximately 320,000 employees worldwide. During the same period, Siemens in Sweden generated revenues of SEK 6.9 billion and employed approximately 1,500 people. For more information, see www.siemens.com and www.siemens.se. 
For more information see:www.metacon.com | X: @Metaconab | LinkedIn: www.linkedin.com/company/metaconab
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/metacon-ab/r/metacon-and-siemens-enter-into-collaboration-for-the-manufacture-of-systems-for-green-hydrogen-produ,c3974861
The following files are available for download:
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