US-China Tech War

A new "Cold War" is brewing

Behind the trade war between the US and China, there is a growing battle for global technological dominance. Now, China is pressing ahead with blockchain, an advanced encryption technology that provides the basis for cryptocurrencies. Chinese President Xi Jinping is encouraging the development of this leading-edge technology, saying it will have an unprecedented impact on the future of the country and people's lives. China's gigantic online retailers, Alibaba and have started to build blockchain networks throughout countries participating in the One Belt One Road program, and in Japan as well. Plus, an IT firm backed by the Chinese government is aiming to challenge U.S. dominance in global finance. We look at the powerful technology that is shaping up to be the new battlefield in a high-tech war between the two global superpowers.