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I have some personal insights on the development prospects of national-level digital currency (hereinafter referred to as "national currency"). Firstly, there is an essential difference between national currency and the privately speculated encryption currencies. The former is supported by national power and carries the important mission of promoting Blockchain technology application. Therefore, the development of national currency must follow a prudent and long-term strategy instead of pursuing short-term benefits. When identifying the real national currency, we need to carefully examine its background and details to distinguish it from other counterfeit products.
Countries are entering the Blockchain field not for speculation, but with two core objectives in mind: first, to gain more influence in the international monetary system, and second, to promote the digital transformation of real assets. The latter is particularly important and may become a key move to resolve the current economic difficulties.
Currently, the assets of domestic residents and enterprises are mainly concentrated in real estate and heavy asset sectors. In the past, the banking credit system played a role in value realization during the prosperity of the real estate market. However, with the frequent crises in the real estate industry and the sluggish market, the value of these assets is difficult to activate within the limited market. This has led to a series of chain reactions: corporate funding difficulties have impacted tax revenue and employment, which in turn has led to a decline in residents' income, weakened consumption capacity, and ultimately formed a deteriorating economic cycle.
By digitizing physical assets and incorporating the value assessment of real estate and heavy assets into the Blockchain system, it is expected to break regional limitations and significantly enhance asset liquidity. This means that real estate is no longer limited to local purchases but can circulate as digital assets nationwide. This innovative model has the potential to activate dormant assets and inject new vitality into the economy.
Overall, the launch of national-level digital money is not just a technological innovation, but also an important component of economic strategy. It is expected to reshape the asset value system, improve economic operational efficiency, and open new paths for solving the current economic difficulties.