China Drags The Shipping Industry Into The Digital Age — Godfree Roberts

Saves $40 billion, makes settlement cheap, instantaneous, invisible to the US Treasury. China designed and hosts it, but everybody has a say.

The savings from efficiency no longer flow to the accustomed rentiers. The wheels of international commerce, the foundation of the global economy, also get greased. The new settlement system also opens doors that were formerly closed or difficult to access. This will increase the pace of the great leveling that neocolonialists are attempting to delay in their favor.

Here Comes China
China Drags The Shipping Industry Into The Digital Age
Godfree Roberts