2016-08-29kingworldnews.com

``The most complicated step comes in setting up systems for trade. And here is where the Chinese have a nearly insurmountable edge. You've probably read at least something about bitcoins and blockchains. These units of information have the potential to surmount all the problems associated with the transfer of funds, including the identification of the transferee, the possibility of hacking, and the need for a paper trail. And bitcoins and blockchains are created by incredibly complex software that China, thanks to its dominant position in supercomputers, has control over. According to The New York Times and other sources, about 70 percent of bitcoin trades go through just four Chinese computers.''



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