China’s growing technological expertise along its digital silk road is expected to set benchmarks for the rest of the world to follow, according to analysts.
President Xi’s ambitious Belt and Road Initiative (BRI) started down the digital silk road long before the rest of the world began talking about connected smart cities and technology driven solutions.
As China continues to expand its digital footprint in sectors as diverse as cloud computing, 5G, surveillance technology and virtual currency, observers see movement in some areas toward Chinese technological dominance.
Dale Aluf, Director of Research & Strategy at SIGNAL (Sino-Israel Global Network & Academic Leadership) said China is already leading the world in artificial intelligence, blockchain, 5G, and quantum technology publications and patents. “Data fuels AI development and, thanks to its sprawling surveillance apparatus, China has access to immense amounts of it, so China seems well-positioned to emerge as a leader in this field.”
China has already launched the biggest blockchain ecosystem in the world, connected to over 100 city nodes, and was the first country to launch widespread pilots of a digital fiat currency - the Digital Currency Electronic Payment (DCEP) system.
Analysts agree that China has achieved enormous breakthroughs in some future technologies.
“These advancements in technologies allow China to more efficiently promote the progress of BRI, increase the bonding between China and BRI...
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