RT’s Emms: BRICS Payment System Will Use Blockchain Technology, Which Means It’s Not Owned by Any Gov’t

EXCERPT:

EMMS: "You just brought up that word, 'blockchain,' so I want to probably get onto, and maybe we’re diverting a bit, but I think it’s very important for us to understand. 15 years ago, when BRICS was founded, the — a new payment system just would have been fundamentally impossible. However, what’s happened since around 2008, when the foundation of what people have called Bitcoin — now, this isn’t Bitcoin, we shouldn't confuse people, it’s got nothing to do with Bitcoins, it’s nothing like that, but it’s using the fundamental technology, which is, as you said, blockchain technology, which, number one, is open source, which means it’s not owned by any government, it means that anyone can build on it, and number two, it allows, as long as there is consensus between people using it — in this case, this would be nation states — to build a fundamentally different financial system that I don’t think we’ve seen in generations. It could be the moment of our generation."