The technological flood of rebirth

Chapter 297: Digital currency (please subscribe!!)

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This meeting was not long. After Zhao Yi put forward his suggestions, he left the meeting early. He did not participate in the rest of the meeting.

However, Zhao Yi is not particularly worried about the content of this meeting. Although my country's export trade is already very large, it has not yet been deeply integrated into the global trading system.

The most obvious example is that our country has not yet joined a trade-related agreement, and does not actually bear relevant responsibilities for many things.

Even under such circumstances, my country's export trade can still achieve such great achievements, which fully demonstrates that the world market is relatively dependent on my country's export products.

At the same time, it also proves that my country's export products are very competitive internationally. You must know that the products we export do not have much tariff preference and are treated like ordinary trading countries.

If you are exporting ordinary trade products, you may be greatly affected. However, in my country's current trade structure, there are many high-profit industrial products, and they are obviously irreplaceable.

This is also thanks to the major companies under Zhao Yi, not to mention high-tech companies. Their products are obviously superior to other similar products in the world. Under normal trade conditions, no one or country can reject their products.

Moreover, as the number of product iterations increases, this gap is gradually widening. Foreign countries are becoming more and more dependent on Zhao Yi's high-tech products. This does not mean that they can be cut off and blocked.

In addition to high-tech products, there are also so-called low-end products, such as the textiles of Huansha Textile Company and the clothing, shoes and hats products of Hualong Clothing Company.

In Zhao Yi's view, it is not low-end. In international trade, there are no so-called low-end products and high-end products. It depends on whether the technology you organize to produce these products is low-end or high-end.

These low-end products in the eyes of ordinary people have reduced their costs to a very low level due to the use of very advanced manufacturing equipment and technology and excellent innovative management models.

In this case, these low-end products are very competitive, and the profits are also very huge. According to the revenue statistics of Hualong Clothing Company, the profit margins are not far behind those of high-tech products.

However, this situation actually lurks some hidden worries, that is, in the current trade exports, Zhao Yi's enterprises are outstanding, and the export competitiveness of other enterprises is indeed not very good.

There are two reasons for this. The first is that their production methods are very backward, resulting in insufficient product competitiveness. The second is that the product itself has insufficient technical content and is not an indispensable product.

It is precisely these two problems that other companies are facing, which have led to difficulties in business operations. In the process of transforming to a market economy, they are increasingly unable to keep up with the situation.

Not to mention export trade, even in China, the products of many companies are not very competitive, and many products are the best among the shortest.

This is also an important reason why Zhao Yi particularly emphasized the reform of state-owned enterprises. As long as the management model of state-owned enterprises is reformed to adapt to market competition, a sound system should be established and the enthusiasm of employees can be activated.

At the same time, capital is introduced to upgrade the company's technology and products, use more advanced production models, reduce the unit cost of products, and improve price competitiveness.

The improvement of product technical content will increase the added value of the product. If there are innovative products, they will be irreplaceable. Such products will have stronger market competitiveness.

Only this two-pronged model can increase the competitiveness of enterprises and increase their operating income. Even if they do not engage in export trade, they can still live happily in the country.

The reform of state-owned enterprises has been carried out vigorously in the country. It only takes one to two years at most to give new vitality to the originally sluggish state-owned enterprises.

By then, whether it is facing international giants entering the country or going abroad to compete in international trade, we will have great confidence.

Of course, various advanced production equipment from Zhao Yi's Tiangong Precision Instrument Company, as well as various raw materials provided by Cornerstone Materials Company and Pusi Chemical Company are indispensable.

It is precisely because of the existence of these enterprises that Zhao Yi has great confidence in the success of the domestic state-owned enterprise reform. In his previous life, many enterprises had very successful market transformation. In this life, with his help, there is no reason to be worse than in the previous life.

In just a few years, when they adapt to the market environment and competition methods, the competitiveness that will burst out will definitely be very strong. There are many examples in previous lives to prove this.

However, when international relations have undergone tremendous changes, Zhao Yi is not particularly worried about my country's industrial product exports, but is worried about financial restrictions, especially restrictions on individual companies.

There were examples of this in previous lives, and it was very annoying, but there was no way to get rid of this restriction and sanction.

Nowadays, most financial transactions between countries are through the SWIFT international funds clearing system (Society for International Financial Telecommunications), which was established in 1973.

In the previous life, my country's Bank of China joined SWIFT in 1983 and was the 1034th member bank of the SWIFT organization. It was officially opened for use in May 1985.

Among the current international settlement systems, SWIFT is considered a relatively advanced international trade settlement system, but in Zhao Yi's view, it is still outdated.

First of all, the technology is still using old Internet technology, which is very different from the current Internet technology. Secondly, the settlement cycle is long and takes 3 to 5 working days.

The most important thing is that this international trade settlement system requires the support of many countries' own currency settlement systems. At present, the US dollar accounts for a very large proportion of the international settlement system, and it can be said that it is the only one.

Therefore, if you want to settle U.S. dollars in SWIFT, you rely heavily on CHIPS (New York Clearing House Interbank Payment System) and FEDWIRE (the Federal Reserve's system for transferring large payments).

In other words, although SWIFT is actually greatly affected by Yingjiang, this is due to the degree of dependence. In fact, a lot of SWIFT data is also stored in Yingjiang.

This is why when Zhao Yi wanted to build an international fund clearing system by himself, he also wanted to dollarize it, otherwise it would be difficult to bypass Yingjiang's systems.

However, it is not easy to bypass the US dollar, because the US dollar is the international settlement currency recognized by almost all countries, and it will not happen overnight.

This made Zhao Yi think of digital currencies. In his previous life, Bitcoin caused a stir in the world. In fact, Bitcoin already has the function of international payment.

However, this kind of digital currency does have serious flaws. One is decentralization. Although the ideal is good and it wants to reduce supervision, it is very unrealistic in a real society.

Currency without supervision is just the self-satisfaction of some "chivalrous people". The real harm is much greater than supervision. This is something Zhao Yi does not advocate. Anything without supervision means chaos and disorder.

It does not do any good for the general environment, but instead encourages the development of affairs in the black zone. This situation is even more fatal for ordinary people because they have no effective means to protect themselves.

The second flaw is the consumption of computing power to generate digital currency. This approach seems to be to prevent hyperinflation of currency, but in fact it deviates from the original appearance of currency.

Currency exists for transactions and is a concrete manifestation of actual productivity. Currency without physical support has no meaning.

In other words, Bitcoin is not the embodiment of real social production capacity, but an imaginary exchange equivalent. It has no other practical function except to provide the function of transferring capital for existence in dark corners of society.

Moreover, digital currency generated through computing power will also cause two major problems. One is the problem of depletion of computing power. When the computing power is exhausted, no new currency will be generated, or the currency generated will be very slow.

This simply cannot meet the needs of transactions. The essence of currency is a voucher for transactions. As a result, digital currency will become a commodity due to scarcity.

More importantly, this kind of commodity is not stable yet and is no different from ordinary commodities. An unstable value representation cannot be used as a universal currency.

Second, the process of generating currency through computing power consumes a large amount of electricity and hardware costs, which results in excessively high costs in the currency production process.

As mentioned above, the essence of currency is a transaction certificate, rather than being treated as an ordinary trading commodity. This means that the lower the cost of currency, the more advantages it has as a transaction certificate.

Because currency itself is not a commodity, it has no value. Of course, the lower the cost of a valueless thing, the better. This can also reduce the cost in the transaction process.

In fact, it is easy to understand that the cost of currency is too high. When trading, you need to calculate not only the cost of the goods, but also the cost of the currency itself. As a result, the transaction cost is invisibly raised.

To give a very simple example, gold is recognized as the anchor of the world's currency and has monetary properties for people, but why is it not directly traded in gold in the world

First, the quantity of gold is scarce and cannot meet the increasing demand for commodity transactions. This is the same as the exhaustion of digital currency computing power.

Second, the cost of gold mining is very high. Just like Bitcoin, it requires a lot of electricity to be able to dig out a few Bitcoins. The value of gold itself is too high and it becomes a commodity.

Of course, in addition to the above two shortcomings, gold also has difficulty in circulation. This is a problem that exists in all metal currencies, and I will not go into details here.

Therefore, if you want digital currency to replace the current paper currency, you still need to be like the digital currency issued by the central bank in the previous life, which has the characteristics of sovereign currency and the convenience of digital currency.

More importantly, currency is not generated by computing power, which eliminates the possibility of digital currency as a commodity itself, and avoids the problem of digital currency’s transaction value changing too much due to scarcity.

In fact, Zhao Yi can completely do this. The technical problem is not difficult. Zhao Yi can automatically program it through artificial intelligence and can do it in one day.

After several bad situations in developing basic artificial intelligence programs, Zhao Yi directly wrote a module for writing software. With the support of the basic artificial intelligence core, Zhao Yi now no longer needs to type the code himself.

You only need to tell the primary artificial intelligence the relevant design requirements, and it can develop the relevant systems according to the requirements.

To be honest, Zhao Yi was shocked when he saw the speed at which a junior artificial intelligence could write code. Although he was mentally prepared, he was still shocked. It can be said that if necessary, a junior artificial intelligence can defeat IT practitioners all over the world.

The current situation is that the systems written by primary artificial intelligence are still very limited. Although they are unmatched in the efficiency of writing code, they are still lacking in system design.

The issuance of digital currency requires a carrier, but currently there is no such carrier in the world. The carrier of digital currency in previous lives was smartphones.

However, it will still be a long time before smartphones are released. It's not that Zhao Yi's companies can't make smartphones. Polaris has already begun producing personal handheld computers, also known as tablet computers.

However, smartphones need to rely on high-speed mobile communication networks. Zhao Yi has not yet harvested a wave of 2G communication technology. How can he improve the level of mobile communication technology all at once? Isn’t this difficult for him

Of course, more importantly, our country's trade can still proceed normally, and there will be no significant changes in the next few years, so the urgency is not very high.

Moreover, the launch of digital currency now will intensify the tension between major international countries. Before it becomes stronger, there is no need to touch other people's core interests.

And before your own core interests are violated, you must respect the core interests of others and there is no need to engage in unnecessary competition.

Of course, preparations are still needed. If you have a gun in your hand, whether you use it or not is one thing, but whether you have it or not is another matter. Zhao Yi still understands this truth.

Therefore, Zhao Yi will slowly make relevant arrangements in the future. If the situation changes, he can use it directly, or as a deterrent, without saying anything.

And there are many ways to achieve it. As a businessman, of course, you prefer the one with the lowest cost, which is the Internet represented by optical fiber, wireless communications and cellular base stations.

The Internet itself needs to develop anyway. Only when the Internet is really popularized all over the world will there be a good foundation for the issuance of digital currency.

Thinking of this, Zhao Yi suddenly realized that it was time for the Internet company he founded to launch related services.

It has been more than half a year since the establishment of Qianxun Technology Company and Xinghan Technology Company, and the workload they are currently involved in is not very large.

For example, the main businesses of Qianxun Technology Company are portal websites, website navigation and network search services. In addition to the advanced technologies involved in the search business, portal websites and website navigation cannot be simpler.

Especially for website navigation, not only is the technology simple, but also there are only a few included websites. It can be done by a programmer in a day or two.

As for the portal website, although it is technically simple, the content needs some time to process. As a serious Internet company, it is impossible to steal other people's news.

Moreover, as the first Internet portal, if you want to use technical means to steal content from others, you cannot do it. You still need to use manual input, which makes the work slower.

Of course, these are only possible in cooperation with other news and publishing units, because many of them have not carried out news digital construction. If you want to obtain their content, you must input it into the computer one by one.

ATV's news has been digitized a long time ago, and their global news gathering and editing teams all transmit content through communication satellites.

Therefore, the Qianxun company's portal website should be very happy to cooperate with ATV, and now ATV's editing team is very large. They alone are enough to meet the content needs of the Qianxun portal website.

As for the Internet search engine, it was transferred directly from Fanxing Software Company. When it was transferred, the development of this Internet search engine was quite mature, but it was not launched because of the immature conditions.

Moreover, the Internet is now in a state of wilderness, and there is no need to use Internet search engines at all. It will not be too late to launch them when there are many Internet sites.

The communication software of Xinghan Technology Company is slightly more difficult. This difficulty refers not only to the technology, but also to the design. Zhao Yi only explained a rough design to them at first, and then let Xinghan Technology Company do it by itself. alley.

How they are doing now, Zhao Yi is not very clear, but in last month's report, they said they were testing it. After Zhao Yi saw it, he didn't pay too much attention.

There are no competitors now, so it doesn’t really matter if we are even close. We can just improve slowly in the future.

If you want to quickly promote the Internet, you can't just rely on portals and chat software, so Zhao Yi also asked the game studio under Polaris Company to develop two online games.

Considering that the cost of gaming computers is very high, it is impossible for ordinary people to afford them. Even in the chain of Internet cafes opened by Zhao Yirang Trading Company, the machine configurations are not that high.

It is basically impossible to use a computer with this configuration to play games with 3A graphics, so Zhao Yi is very simple and crude, directly designing monster-fighting games like "Legend" and casual games like "Audition" handed it over to them.

To be honest, these two games are not difficult to develop. Compared with the 3A console games they developed, they are simply not worth mentioning, both in terms of technology and workload.

And in order to let people learn Internet knowledge as soon as possible and reduce the cost of people's access to the Internet, when trading companies began to build shopping malls and other retail terminals across the country, they specifically allowed them to leave relevant venues for opening Internet cafes.

But in this case, the quantity and density were ultimately limited. Later, when the trading company planned to comprehensively build domestic sales channels, Zhao Yi asked them to increase the density of Internet cafes so that everyone could access the Internet relatively conveniently.

In addition, in order to reduce the computer purchase cost for domestic people, Polaris Company has also launched some low-cost personal computers in a targeted manner, and has reduced the price to about 1,500 yuan.

This price is not expensive, nor is it cheap. It is already the lowest price of Polaris Company. If it goes down any further, there will basically be no profit.

Such a price is still affordable for urban residents, which is equivalent to more than ten months' salary. If you are single, your daily expenses are not large, and you can still save some money to buy it.

In order to promote the Internet in China, Zhao Yi can be said to have spared no effort. This is the dilemma of pioneers. If you want to successfully promote something, you must prepare the relevant basic conditions.

Just like Zhao Yi, he has to be responsible for everything from the construction of Internet infrastructure to the use of basic Internet tools, all for the last step, which is to promote his own Internet content, and most of these early stages are about losing money and making money. (End of chapter)