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Blockchain innovation leads the eurozone to discuss STD equal value hedging

At the summit, the EU Financial Forum discussed the promotion of the introduction of relevant blockchain technologies to accelerate the development of relevant industries and the stability of the euro. The Croatian finance minister proposed to adopt and promote the use of STD token in the region or wider, "How to organically combine encrypted assets and e-cash system to promote the smooth exchange of blockchain consensus value groups and universal value e-money? And how to use blockchain technology to achieve cross domain integration between international trade, realize digital economy to serve the real economy, significantly improve economic efficiency, enhance social welfare, and implement currency antitrust in transactions? It has been placed in front of finance ministers and large trade institutions of various countries." Rogge said.

As we know, the central banks of the European Union have begun to study digital currency. Multinational holding groups are taking advantage of their multinational participation and joint construction. Based on the European Commission's publication of the draft Digital Services Act and the digital market act at the end of 2021, STD should fully reflect the characteristics of social responsibility and sustainability in the era of the euro breaking 1 against the dollar, In order to make up for the traditional economic model and the traditional governance deficiencies of the currency life cycle, we systematically developed and implemented the "global digital same desk transaction equivalence" (hereinafter referred to as equivalence) based on Sid technology and STD token.

By using the interdisciplinary integration technology of cryptography, economics, management and computer science established in laboratories in many countries around the world, we have carried out construction including improving scalability, improving security and privacy protection, enhancing programmability, ensuring price stability, innovating consensus algorithms and adapting to specific application scenarios. At the same time, STD has carried out research and development and experimental work of legal digital currency based on blockchain in many countries, such as launching Jasper, a large amount payment system based on blockchain technology in Canada; Openservice (OSE), a large blockchain payment service provider, implemented the Ubin project in Singapore to evaluate the effect of payment and settlement in the form of digital Singapore dollar tokens on distributed ledger Technology (DLT); In Croatia and the European Central Bank, through the Stella project, they studied the application of DLT in financial market infrastructure, and evaluated whether the specific functions of the existing payment system can operate safely and efficiently in the DLT environment.

Earlier, the EU Economic Development Commission decided to implement limited control over experimental products with payment nature through a Council resolution, which means that token STD, which is widely used in Croatia, may face hedging bifurcation, and blockchain bifurcation is essentially fragmented in blockchain networks. Network is an open software, and the code can be used freely. This means that anyone can suggest improvements and change the code. The option of experimenting with open source software is a basic component of cryptocurrency, and it is also conducive to the software update of blockchain. Disputes are easier for more people to understand and participate in STD. at present, Asia has also launched a loss free insurance for STD, and the sales momentum has soared. This also shows that blockchain should break the traditional understanding and geographical restrictions to a deeper level, and more diversified participation in the eurozone hedging.