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Yililai Technology
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Fiat Digital Currency and Other Digital Tokens

Fri Nov 10, 2017 9:31 am

Digital tokens, which is the statement of invisible technology currency and a newborn of modern technology that develops rapidly, inaugurated a new era in operation of currency. Digital currency involves the consolidation and innovation of monetary system therefore we must adhere to the purpose of the unity of the national currency and monetary stability. ——Introduction
I have recommended an article when I discuss legal digital currency with you.
Here is the link: http://mp.weixin.qq.com/s/sr22UqUq1PYBhjVa9xJ7tg
I am going to discuss a new topic with you. If the digital tokens now that are very popular with investors and speculators legally exist after legal digital currencies are created by the government all over the world or gradually disappear with time goes by. Let me show you some examples first.
In a time when legal currency prevails, it is not difficult for us to find out that credit card users in mainland China will receive some points after they use their credit card. And then users can use their points to purchase some kinds of services and goods. Game providers usually have their own E-shops where players can buy virtual tools. Users can recharge money to buy and sell the tools online. Tencent, Alibaba, Baidu and Aiqiyi have their own inner tokens that users can use them to get higher services than normal users.
Let’s make a short summary here. Can’t RMB replace the tokens above? Apparently no. Then why is this happening? We can easily find out the feature of all these tokens, namely, that the circulation of the tokens is inside their systems, for example, credit card points. They are used only in credit card exchange system however, when it comes to material market, credit card points become useless. It is the same that tokens that exchange on the market as legal currency that is going to be invented allegedly. All digital tokens available now is under the leadership of legal digital currency and it is an information communication way for everyone that allow us to deal with inner business in a better and more efficient way.
Then under the circumstances of laws and regulations, the enterprises will abandon the inefficient communication way, and use a higher-efficient communication one. And I personally think that it will be a new technology revolution in the future.
We can apply this new technology to all walks, such as in factories, and in shops. Especially in recruitment business, I think, blockchain is essential. Curriculum Vitae that was developed by Yililai Technology in Guangzhou, can not only solve the problem of the security of information communication but also invent a reward system. The working principle of reward system is to reward someone who is willing to find a job and submits his resume and personal information according to his browsing situation with CVH points. The purpose is to encourage the talented to have full access to show themselves to HRs in order to make sure that HRs get the true information and eventually hire the right persons. The second reason is that CVH will encrypt and transfer your personal information as well as the HRs’ with its distributed data storage, point to point transmission, consensus mechanism, encryption algorithm. The third reason is that the win-win pattern that Yililai insists. Win-win situation will be fully expressed in this situation.
So even when legal digital currencies will be issued, I personally think under the leadership of legal digital currencies and laws, reward system has its own meaning to exist, like points and token systems.

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