Page 59 - Demo
P. 59
Financial MarketsThe economic crisis in Europe will cause instability in financial markets. The intention of the BRICS+ countries to become less dependent on the dollar and the search for transnational payment systems other than Swift will give impetus to the process of forming a new technological and financial system based on IT protocols using blockchain technology. Platforms offering decentralized financial services such as loans, insurance or exchanges without the need for intermediaries will grow rapidly.Development of decentralized currency systemsIn the context of significant changes in the economic relations of countries in the global economy, the development of new, decentralized currency systems will become increasingly important.As is known, the US currently has an extremely high level of public debt %u2013 35 trillion dollars, which continues to grow steadily. Since 2008, the US has been implementing a policy of quantitative easing, which implies an increase in the dollar supply in the US economy to stimulate it. To maintain such an economy, more and more dollars are needed and, accordingly, the cost of final goods and resources is growing. As a result, inflation is growing in the world and high risks of financial stability arise in countries using the dollar, including Russia.Therefore, in the coming years, new decentralized currency systems based on cryptocurrencies will develop in the world. Cryptocurrencies can be based on tokenized digital assets for greater stability and security. For example, precious metals, but in digital form. Thus, when making transactions with such currencies, there will be more transparency in the management of the money supply, and greater security in real assets underlying the currency will be realized. This, in turn, will reduce the risks of financial bubbles, similar to those in the United States in 2008 and the current financial bubbles in IT technologies.Climate changeCompanies will develop innovative solutions to mitigate climate change, including expanding www.osminog.pro 57
