Digital currencies, supported by “blockchain” technology, are generating new paradigms that revolutionise our conventional ideas of the notion of the State, its areas of spatial influence and particularly it’s Institutions.
The Analysis Now
Through a brief analysis of the technology of virtual currencies and their associated areas, we propose that we are facing a paradigm shift of traditional geopolitical conceptions, which should be assumed by different political, business and military leaders, with the aim of that, in a new digital scenario, optimise their organisational management processes.
In fact, at first glance, the cryptographic phenomenon of “chain blocks” in English blockchain has until now its focal point in the generation of new currencies, based on distributed computer programs, outside the regulations of Central Banks and Governments.
No doubt that transactions are made between bidder and plaintiff, without going through an intermediary financial institution, has advantages and disadvantages, but it is unavoidable that to avoid fraudulent use of such transactions, a regulation is required to prevent the proliferation of illicit trade in the context of drugs, terrorism, assassins, money laundering, tax evasion, among others. Read more now in https://www.amarkets.com/trading/accounts-overview/.
- How do we regulate a decentralised and anonymous system, arising from technological innovation, without eliminating the advantages that the system could deliver to global trade, but in parallel, avoiding all those disadvantages exposed in the preceding paragraph?
- With the emergence of cryptographic block technology, geographic paradigms break down, expanding transactions through global computational networks that do not respect the sovereignty, physical borders, laws and national financial systems. Without a doubt, we are facing a new paradigm of causality that we call Digital Geopolitics.
So then, through the phenomenon of cryptocurrencies and their technology, we can witness some structural changes, which must take into account political, business and military leaders when defining policies and strategies to conduct their States, Holding Companies or Institutions of Security and Defense.
A Peer-to-Peer Electronic Cash System” –It is where it follows that there is no geographical conditioning, quite the contrary, transactions made through IP networks and approved by “computer miners” who perform transactional processing and security, are completed ubiquitously, that is, they are present in time.
Consequently, through collaborative processing in networks, the vital core has no latitude and longitude coordinates but has IP addresses of thousands of computers distributed anywhere in the world.
Indeed, the multiple applications guarded by thousands of CPUs that certify transactions in a “large digital ledger” are expanding rapidly, and potential applications are emerging using “blockchain” technology.
In short, in the Political and Strategic context has emerged a new dimension of virtual spaces management under the umbrella of what we call Digital Geopolitics. Which appears as a product of a system of electronic transactions based on distributed cryptology, and whose applications in other fields of society, will expand increasingly in the coming years, which should call our attention in search of an answer to the question posed above.