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Witnessing the digital breakthrough

Resource-based token as an excuse for a new geopolitical struggle round

03 August 2018 16:01, UTC   |    10593
Resource-based token as an excuse for a new geopolitical struggle round
By Oleg Koldayev

The real sector of the economy seems to have finally believed in cryptology. And regulators believe in the real sector. Therefore, in the foreseeable future, the digital market is expected by regulations, control, sanctions and other amenities of the familiar economy. Where is such confidence from?

Like all roads lead to Rome, interests of business and power always meet in one point, called geopolitics, national interests and domination strategy. This oncoming traffic is proved by several facts.

American regulator SEC has at last “found an interest” in the activities of broker companies operating cryptocurrencies. The commission is planning to study the work of investment advisors and analysts, cooperating with crypto-active assets; and also portfolios of hedge-funds, containing digital assets. SEC’s actions are not bringing about any restrictions yet, the regulator want to know, where and on what large market players are spending crypto.

In the Philippines the Securities and Exchange Commission published the text of the bill, according to which all ICO-projects have to submit an application with the description of the investment plan and provide characteristics from the police and bank statements 90 days before the token sale. Local market participants take these potential innovations as a crackdown.

At the same time the second largest stock exchange on Germany Börse Stuttgart is working on the creation of the ICO-platform that must become a part of the infrastructure operating with digital active assets. Companies will be able to hold token sales according to unified standards on this platform.

Swiss Open Mineral stock exchange, which specializes in trading metallurgical concentrates, is intending to create a consortium of mining and processing companies and financial organizations in order to create a unified blockchain platform. By blockchain participants of the market are supposed to become able to conduct transactions faster, track deliveries and receive additional financing going to ICO.

Australian financial conglomerate Commonwealth Bank of Australia (CBA) has tested the blockchain technology to track the delivery of 17 tons of almonds from the state of Victoria (Australia) to Hamburg. Agricultural, railway and shipping companies has become bank’s partners. All the transactions have been proved by smart-contracts.

These seemingly separate facts unite in the system, considering the fact that the real sector of economy is always connected with real politics. We asked the Chairman of the Board of Directors at Cuprum Group Dmitri Belkov to comment. This man has brought the Russian giant “Uralkalii” to IPO and the VISA system to Russian market.

“Raw tokens were and will be real. Every raw material process is a complicated sequence of actions. They are clear; they have been calculated and may be fixed. This gives the investor the opportunity to evaluate and, what is more important, to control the transaction”, - says Dmitri.

This trend will inevitably develop.  But active penetration of mineral and processing companies and banks to digital reality inevitably causes countries’ reaction.

“Nobody has banned geopolitical struggle either," - Belkov is continuing. – "But let’s look at this question from the other side. Let’s recall that the world computer giant IBM has completed the agreement with Stellar, and now the ledger, that has been built, is working and will have been working in the real economy more than a year. Nobody announces that this is a blockchain, a project of a certain company, certain country.  And if we are talking about geopolitical interests, we can notice, that they are being implemented in this project already”.

The USA, China, Russia – every part is starting to hog the digital cover, and this is inevitably expressed in regulators’ actions. Struggle for resources and living space will inevitably continue in virtual economy.

There is one danger – small companies, startups, small and not very small countries, either weak or under sanctions, may be crushed in this geopolitical and geoeconomic struggle.



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