Don’t let crypto go the way of 5G

In cryptocurrency applications, blockchain creates a virtual permanent ledger of transactions, distributed across the Internet.

China is using these latest techniques to monitor and track citizens in unprecedented ways.

The U.S. is not alone in their concern about Huawei’s aggressive push to standardize 5G around its patents and exactly how Huawei, which has a history of ethical problems, will process the data it will collect from millions of interconnected sensors, cameras and devices.

This will only further centralize control over cryptocurrencies mined by the Chinese.Preserving the U.S. position as a global leader in technological innovations is critical to maintaining our economic advantage with things we ourselves develop.