CBDC to WDC (World Digital Currency) , a way to Fight Inflation and recession using Blockchain Technology for all Governments (Democratic, Communist, Dynasty) — Safest De-Dollarization / Decentralizing USD Currency

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Central Bank Digital Currency (CBDC) to World Digital Currency (WDC) through Universal Basic Income Coin (UBIC) generation using Blockchain Technology, in and out on De-Dollarization in the most safest macroeconomic implementation.

Contents:

  1. Introduction
  • Understanding the Need for WDC
  • WDC: A Decentralized and Inclusive Alternative
  • Addressing Inflation and Recession with WDC
  • WDC: A Paradigm Shift in Global Finance
  • Conclusion

2. Understanding Quantitative easing (QE) and quantitative tightening (QT)

  • Quantitative Easing (QE)
  • Quantitative Tightening (QT)
  • Examples of QE and QT
  • Risks and Benefits of QE and QT

3. Understanding Monetary Policy (MP)

  • Impact of Monetary Policy on the Economy
  • Flaws of Current Monetary Policy Systems

4. Examples of Governments Failing to Balance the Economy

5. Understanding Central Bank Digital Currency (Overview)

  • How a CBDC could be used for QE and QT
  • Advantages of using a CBDC for QE and QT
  • Challenges of using a CBDC for QE and QT
  • CBDCs and Monetary Policy Monitoring
  • Flaws in CBDC-Based Monetary Policy

6. WDC Through UBIC

  • Step 1: Understanding the Two-Tiered Architecture
  • Step 2: Exploring Novel Economic Mechanisms
  • Step 3: Addressing Challenges of Existing Blockchain Systems
  • Step 4: Impact on Monetary Policy and Economic Stability
  • Step 5: Fostering Global Economic Cooperation and Trust
  • Step 6: UBIC Coin Generation
  • Step 7: UBIC Coin Distribution
  • Step 8: Benefits for Governments
  • Step 9: Benefits for Individuals and the Blockchain Network
  • Step 10: Code Snippets for UBIC Coin Generation and Distribution
  • Step 11: UBIC’s Advantages over CBDCs in Monetary Policy
  • Step 12: UBIC’s Potential to Address Monetary Policy Challenges
  • Step 13: Example of UBIC’s Effectiveness in Monetary Policy
  • Conclusion

7. Proposed Blockchain System

  • Conceptual Overview
  • Smart Contracts Implementation
    Layer 1 Smart Contracts
    Layer 2 Smart Contracts
  • Smart Contracts Implementation
  • Conclusion

Introduction

The financial world is undergoing a profound transformation driven by the emergence of blockchain technology. This decentralized and secure infrastructure has the potential to revolutionize various aspects of finance, including the very concept of currency. In this article, we explore the concept of World Digital Currency (WDC) and its potential to address the pressing economic challenges of inflation and recession.

Understanding the Need for WDC

The current global financial system faces several limitations, including:

  1. Centralized Control: Traditional fiat currencies are controlled by central banks, which can lead to arbitrary and non-transparent monetary policies.
  2. Cross-Border Transaction Inefficiencies: Cross-border transactions are often slow, expensive, and subject to various intermediaries and regulations.
  3. Limited Financial Inclusion: A significant portion of the global population remains unbanked or underbanked, lacking access to essential financial services.

WDC: A Decentralized and Inclusive Alternative

WDC, or World Digital Currency, emerges as a decentralized and inclusive alternative to traditional fiat currencies. It offers several distinct advantages:

  1. Decentralized Governance: WDC governance is decentralized, involving stakeholders from around the world, ensuring transparency and accountability.
  2. Reduced Transaction Costs: WDC transactions are processed on a blockchain network, eliminating the need for intermediaries and significantly reducing transaction costs.
  3. Enhanced Financial Inclusion: WDC can provide access to financial services for millions of unbanked or underbanked individuals, promoting financial inclusion and economic growth.

Addressing Inflation and Recession with WDC

WDC’s innovative features can effectively address the pressing economic challenges of inflation and recession:

  1. Inflation Control: WDC’s decentralized governance and transparent issuance mechanisms can help maintain price stability and prevent runaway inflation.
  2. Counter cyclical Economic Stimulus: WDC’s smart contract-based distribution mechanism can automatically adjust the currency supply based on economic indicators, providing a counter cyclical fiscal stimulus during downturns.
  3. Enhanced Monetary Policy Flexibility: WDC’s programmable nature and adaptable governance structure allow for more flexible and effective monetary policies tailored to specific economic conditions.

WDC: A Paradigm Shift in Global Finance

The introduction of WDC marks a paradigm shift in global finance, offering several potential benefits:

  1. Promoting Global Economic Stability: WDC’s decentralized nature and transparent governance can foster greater stability in the global financial system.
  2. Enhancing Cross-Border Trade and Investment: WDC can significantly reduce transaction costs and increase the efficiency of cross-border payments, facilitating global trade and investment.
  3. Promoting Innovation and Development: WDC’s open and transparent nature can foster innovation and development in the financial sector, leading to new products and services that benefit individuals and businesses.

Conclusion

WDC, with its innovative design, decentralized governance, and potential to address global economic challenges, holds immense promise for revolutionizing the financial landscape. By promoting economic stability, enhancing financial inclusion, and fostering global cooperation, WDC can pave the way for a more equitable, prosperous, and interconnected global economy. As WDC continues to evolve and gain adoption, it is poised to play a trans-formative role in shaping the future of finance.

Understanding Quantitative easing (QE) and quantitative tightening (QT)

Quantitative easing (QE) and quantitative tightening (QT) are two monetary policy tools used by central banks to influence economic activity.

Quantitative Easing (QE)

QE is a policy in which a central bank purchases a large quantity of financial assets, such as government bonds or other securities, from market participants in order to increase the money supply and stimulate economic activity. This is done with the intention of lowering interest rates, making borrowing more affordable for businesses and consumers, and encouraging investment and spending. QE is typically used when interest rates are already near zero and traditional monetary policy tools are no longer effective.

Quantitative Tightening (QT)

QT is the opposite of QE and involves a central bank selling off its holdings of financial assets. This reduces the money supply in circulation and raises interest rates. QT is typically used when an economy is overheating and inflation is rising. The goal of QT is to cool down the economy and bring inflation back down to a more manageable level.

Examples of QE and QT

QE was used extensively after the 2008 financial crisis to help stabilize the economy. The Federal Reserve, for example, purchased trillions of dollars worth of government bonds and other securities in an effort to lower interest rates and stimulate borrowing.

QT was used in the 1980s to help combat high inflation. The Federal Reserve sold off a significant portion of its holdings of government bonds, which led to higher interest rates and helped to bring inflation under control.

Risks and Benefits of QE and QT

QE and QT are both powerful monetary policy tools that can have significant impacts on the economy. However, both policies also carry risks.

  • QE: QE can lead to asset bubbles and inflation if not carefully managed.
  • QT: QT can lead to economic slowdown and deflation if not carefully managed.

Central banks must carefully weigh the risks and benefits of QE and QT before implementing either policy.

Understanding Monetary Policy (MP)

Monetary policy is the set of tools and actions used by central banks to influence the money supply, interest rates, and credit availability in an economy. Central banks aim to use monetary policy to achieve specific economic objectives, such as price stability, full employment, and economic growth.

Impact of Monetary Policy on the Economy

Monetary policy has a significant impact on various aspects of the economy:

  1. Interest Rates: Central banks can influence interest rates by adjusting the supply of money or setting target interest rates. Lower interest rates make borrowing more affordable, stimulating investment and consumer spending. Conversely, higher interest rates make borrowing more expensive, slowing down economic activity.
  2. Inflation: Monetary policy can influence inflation, which is the rate at which prices for goods and services are rising. Central banks aim to maintain low and stable inflation to protect consumers and businesses from the negative effects of high inflation.
  3. Economic Growth: Monetary policy can influence economic growth by affecting investment, consumer spending, and business confidence. Expansionary monetary policy, with lower interest rates and increased money supply, can stimulate economic growth.

Flaws of Current Monetary Policy Systems

Current monetary policy systems face several challenges:

  1. Limited Transparency: The decision-making processes of central banks can be opaque, making it difficult for the public to understand and assess the implications of monetary policy decisions.
  2. Lagged Effects: Monetary policy actions often have delayed effects on the economy, making it challenging for central banks to precisely control outcomes.
  3. Global Inter-dependencies: Monetary policy decisions in one country can have spillover effects on other economies, complicating policy making in an interconnected global economy.

Examples of Governments Failing to Balance the Economy

Throughout history, there have been numerous instances where governments have failed to effectively manage their monetary policy, leading to economic imbalances:

  1. Hyperinflation in Weimar Germany (1923): Excessive money printing by the German government led to hyperinflation, where prices rose at an astronomical rate, destroying savings and plunging the economy into chaos.
  2. Stagflation in the 1970s: A combination of high inflation and low economic growth, known as stagflation, plagued many economies during the 1970s. Central banks struggled to find effective monetary policy tools to address this dual challenge.
  3. 2008 Financial Crisis: The collapse of the US housing market triggered a global financial crisis, exposing the risks of excessive leverage and poorly regulated financial systems. Monetary policy played a crucial role in stabilizing the financial system and preventing a deeper recession.

Understanding Central Bank Digital Currency (Overview)

A central bank digital currency (CBDC) using blockchain technology could potentially be used to implement quantitative easing (QE) and quantitative tightening (QT) in a more targeted and efficient manner than is currently possible with traditional fiat currencies.

How a CBDC could be used for QE and QT

Under this scenario, a central bank would issue a CBDC that is pegged to the value of the country’s fiat currency. The central bank could then use smart contracts to control the supply of CBDCs in circulation. To implement QE, the central bank could increase the supply of CBDCs, which would lower interest rates and encourage borrowing and spending. To implement QT, the central bank could decrease the supply of CBDCs, which would raise interest rates and discourage borrowing and spending.

Advantages of using a CBDC for QE and QT

There are several potential advantages to using a CBDC for QE and QT. First, it would allow the central bank to target QE and QT to specific sectors of the economy. For example, the central bank could increase the supply of CBDCs for businesses in order to encourage investment, or it could decrease the supply of CBDCs for consumers in order to discourage spending. Second, it would allow the central bank to implement QE and QT more quickly and efficiently than is currently possible with traditional fiat currencies. Third, it would allow the central bank to track the movement of CBDCs in real time, which would provide valuable insights into the economy.

Challenges of using a CBDC for QE and QT

There are also some challenges that would need to be addressed before a CBDC could be used for QE and QT. First, it would be important to ensure that the CBDC is secure and that it cannot be counterfeited. Second, it would be important to develop a robust regulatory framework for the CBDC. Third, it would be important to educate the public about the CBDC and how to use it.

Overall, the use of a CBDC for QE and QT has the potential to revolutionize monetary policy. However, there are also some challenges that would need to be addressed before this could become a reality.

In addition to the points mentioned above, here are some additional thoughts on how a CBDC could be used to implement QE and QT:

  • A CBDC could be used to create a tiered interest rate system, with different interest rates for different types of borrowing and spending. This would allow the central bank to target QE and QT even more precisely.
  • A CBDC could be used to implement a negative interest rate policy (NIRP). Under NIRP, depositors would be charged a fee for holding CBDCs. This would encourage borrowing and spending, and it could be used to stimulate the economy in times of recession.
  • A CBDC could be used to distribute direct payments to citizens. This could be used to help stimulate the economy in times of recession, or it could be used to provide targeted assistance to low-income households.

CBDCs and Monetary Policy Monitoring

Central bank digital currencies (CBDCs) have the potential to enhance monetary policy monitoring and effectiveness:

  1. Real-Time Transaction Data: CBDCs can provide central banks with real-time data on transactions, enabling them to better understand economic activity and make more informed monetary policy decisions.
  2. Improved Financial Inclusion: CBDCs can promote financial inclusion by providing access to digital currency to individuals without traditional bank accounts.
  3. Programmable Monetary Policy: CBDCs can be programmed with specific rules and parameters, allowing central banks to tailor monetary policy interventions more precisely.

Flaws in CBDC-Based Monetary Policy

Despite their potential benefits, CBDCs also introduce new challenges for monetary policy:

  1. Privacy Concerns: The centralized nature of CBDCs raises privacy concerns, as central banks could potentially track individual transactions.
  2. Cybersecurity Risks: CBDCs are susceptible to cyberattacks, which could disrupt financial systems and undermine public confidence.
  3. Potential Disinter-mediation of Banks: The widespread adoption of CBDCs could lead to a decline in traditional banking services, impacting the stability of the financial system.

WDC Through UBIC

Development of “World Digital Currency” (WDC) through “The Universal Basic Income Coin” (UBIC) blockchain system incorporates a unique mechanism for generating new UBIC coins and distributing them among governments, individuals, and the blockchain network. This mechanism is designed to promote economic growth, stability, and inclusivity.

The world of finance is undergoing a trans-formative shift as blockchain technology emerges as a powerful tool for innovation and disruption. Among the emerging blockchain-based financial systems, the Universal Basic Income Coin (UBIC) stands out with its unique two-tiered architecture, innovative economic mechanisms, and potential to revolutionize global finance.

World Digital Currency Through Universal Basic Income Coin Development
World Digital Currency Through Universal Basic Income Coin Development

In-depth holistic solution has been covered in below article LINK

Step 1: Understanding the Two-Tiered Architecture

The UBIC blockchain system employs a groundbreaking two-tiered architecture, separating the global currency management (Layer 1) from country-specific customization’s (Layer 2). This design offers several advantages:

  1. Global Currency Stability: Layer 1 manages the UBI coin, ensuring its stability and widespread adoption as a global currency.
  2. Country-Specific Flexibility: Layer 2 sub-blockchains, such as IND-UBIC for India, allow countries to tailor UBI coin usage to their specific economic needs and regulations.

Step 2: Exploring Novel Economic Mechanisms

UBIC introduces several innovative economic mechanisms that address the shortcomings of traditional financial systems:

  1. NFC Collateral Mechanism: NFC (Non-Fungible Collateral) ensures that new UBI coin issuance is backed by real assets, preventing inflation and maintaining the coin’s value.
  2. Transaction Fee Collection: UBIC collects a small fee for each transaction, contributing to network maintenance and security while remaining low enough to promote adoption.
  3. Zero-Knowledge Proof Mechanism: ZKPs enable selective transaction privacy, allowing governments to hide sensitive information while maintaining transparency for others.

Step 3: Addressing Challenges of Existing Blockchain Systems

UBIC specifically addresses common challenges faced by existing blockchain systems:

  1. 51% Hacking Attacks: The two-tiered architecture and NFC collateral mechanism make it highly unlikely for any single entity to control a majority of the UBI coin supply.
  2. Transparency and Accountability: UBIC’s blockchain technology ensures transparency in monetary policy decisions, promoting accountability and public trust.
  3. Scalability and Efficiency: UBIC’s architecture and consensus mechanisms are designed for scalability and efficiency, enabling it to handle a high volume of transactions without compromising performance.

Step 4: Impact on Monetary Policy and Economic Stability

UBIC’s flexibility and innovative mechanisms can significantly impact monetary policy and economic stability:

  1. Quantitative Easing (QE) and Quantitative Tightening (QT): UBIC’s ability to control transaction fees and interest rates provides central banks with greater flexibility in implementing QE and QT, stimulating or cooling economies as needed.
  2. Inflation and Deflation Control: By adjusting transaction fees and interest rates, UBIC can help maintain price stability and prevent runaway inflation or deflation.
  3. Promoting Economic Growth and Financial Inclusion: UBIC’s ability to reduce transaction costs and provide access to financial services can foster economic growth and reduce poverty.

Step 5: Fostering Global Economic Cooperation and Trust

UBIC’s potential to serve as a common global currency can promote international cooperation and trust:

  1. Reduced Reliance on US Dollar: UBIC could reduce reliance on the US dollar as the dominant global reserve currency, diversifying global financial systems.
  2. Enhanced Cross-Border Payments: UBIC can significantly reduce transaction costs and increase the efficiency of cross-border payments, facilitating global trade and investment.
  3. Promoting Innovation and Development: UBIC’s open and transparent nature can foster innovation and development in the financial sector, leading to new products and services that benefit individuals and businesses.

Step 6: UBIC Coin Generation

The UBIC coin generation mechanism involves two primary processes:

  1. Transaction Fee Collection: A small fee is collected for each transaction on the UBIC blockchain. This fee is used to fund the network’s operations and provide incentives for validators who maintain the integrity of the ledger.
  2. NFC Collateral Mechanism: The NFC (Non-Fungible Collateral) mechanism links the issuance of new UBIC coins to the availability of real assets, such as land, gold, or commodities. This ensures that the UBIC coin supply is backed by tangible value, preventing inflation and maintaining the coin’s stability.

Step 7: UBIC Coin Distribution

The newly minted UBIC coins are distributed according to a specific ratio:

  1. 1% of Transaction Amount: 1% of the value of each transaction is minted as new UBIC coins.
  2. 10% of New Coins for UBIC Reserves: 10% of the newly minted UBIC coins are retained by the UBIC system to maintain a strategic reserve and support future growth.
  3. 90% of New Coins for Layer 2 Subsystems: 90% of the newly minted UBIC coins are distributed to the corresponding Layer 2 sub-blockchains (e.g., IND-UBIC, USA-UBIC).

Step 8: Benefits for Governments

The UBIC coin distribution mechanism provides several benefits for governments:

  1. Increased Revenue: Governments receive a portion of the transaction fees collected on the UBIC blockchain, providing an additional source of revenue.
  2. Economic Stimulus: Governments can utilize their share of newly minted UBIC coins to stimulate economic activity, such as infrastructure projects or social welfare programs.
  3. Improved Monetary Policy: The flexibility to wrap or hold UBIC coins allows governments to fine-tune their monetary policies, adapting to economic conditions and promoting stability.
Government Benefits Using Universal Basic Income Coin
Government Benefits Using Universal Basic Income Coin

In-depth holistic solution has been covered in below article LINK

Step 9: Benefits for Individuals and the Blockchain Network

The UBIC coin generation and distribution mechanism also benefits individuals and the blockchain network:

  1. Transaction Efficiency: The low transaction fees on the UBIC blockchain reduce costs for individuals and businesses, promoting financial inclusion.
  2. Network Stability: The NFC collateral mechanism ensures the stability of the UBIC coin, protecting individuals from inflation and promoting trust in the network.
  3. Decentralized Governance: The allocation of UBIC coins to Layer 2 sub-blockchains empowers local communities to participate in decision-making processes.
Citizen Benefits Using Universal Basic Income Coin
Citizen Benefits Using Universal Basic Income Coin

In-depth holistic solution has been covered in below article LINK

Step 10: Code Snippets for UBIC Coin Generation and Distribution

Here are simplified code snippets illustrating the UBIC coin generation and distribution mechanism:

def mintUBICCoins(transactionAmount):
# Check if sufficient collateral exists
if collateral >= transactionAmount * 0.01:
# Mint new UBIC coins
UBICCoins += transactionAmount * 0.01
# Update collateral
collateral -= transactionAmount * 0.01
else:
raise ValueError("Insufficient collateral")
def distributeUBICCoins(newCoins):
# Allocate 10% to UBIC reserves
UBICReserves += newCoins * 0.1
# Distribute 90% to Layer 2 sub-blockchains
for layer2 in layer2Subsystems:
layer2.UBICCoins += newCoins * 0.9

Step 11: UBIC’s Advantages over CBDCs in Monetary Policy

The UBIC blockchain system offers several advantages over CBDCs in terms of monetary policy:

  1. Decentralized Governance: UBIC’s decentralized governance model allows for more participatory and transparent decision-making, reducing the risk of arbitrary or politically motivated monetary policy decisions.
  2. Greater Flexibility: UBIC’s adjustable parameters and two-tiered architecture provide central banks with greater flexibility in adapting monetary policy to specific economic conditions.
  3. Enhanced Transparency: UBIC’s blockchain technology ensures transparency in monetary policy decisions, fostering public trust and accountability.

Step 12: UBIC’s Potential to Address Monetary Policy Challenges

UBIC has the potential to address several challenges faced by current monetary policy systems:

  1. Promoting Economic Stability: UBIC’s NFC collateral mechanism and transparent governance can help maintain price stability and reduce the risk of monetary policy errors.
  2. Enhancing Financial Inclusion: UBIC’s two-tiered architecture and community-driven governance can promote financial inclusion by enabling local communities to tailor UBI coin usage to their specific needs and circumstances.
  3. Promoting Global Economic Cooperation: UBIC’s potential to serve as a common global currency can facilitate cross-border transactions, reduce reliance on the US dollar, and foster international cooperation in monetary policy.

Step 13: Example of UBIC’s Effectiveness in Monetary Policy

Consider a scenario where a country faces an economic downturn:

  1. UBIC’s Automatic Stabilization: UBIC’s smart contract-based distribution mechanism can automatically adjust the UBI coin supply based on economic indicators, providing a countercyclical fiscal stimulus during downturns.
  2. Community-Driven Responses: Local communities can propose and implement additional UBI coin allocation strategies tailored to their specific needs, addressing economic challenges at a granular level.
  3. Global Monetary Policy Coordination: UBIC’s global network and governance framework can facilitate cooperation among central banks to address global economic issues, such as synchronized monetary policy actions to stabilize the global economy.
World Benefits Using Universal Basic Income Coin
World Benefits Using Universal Basic Income Coin

In-depth holistic solution has been covered in below article LINK

Conclusion

The UBIC blockchain system, with its innovative economic mechanisms, transparent governance, and decentralized nature, holds immense potential to revolutionize monetary policy and address the shortcomings of traditional financial systems. By promoting economic stability, enhancing financial inclusion, and fostering global cooperation, UBIC can contribute to a more equitable, prosperous, and interconnected global economy. As UBIC continues to develop and gain adoption, it is poised to play a transformative role in shaping the future of finance.

The UBIC blockchain system, with its two-tiered architecture, innovative economic mechanisms, and commitment to transparency and accountability, holds immense potential to revolutionize global finance. By addressing the limitations of traditional financial systems and promoting economic stability, UBIC can pave the way for a more inclusive, prosperous, and interconnected global economy.

Proposed Blockchain System

Conceptual Overview

The proposed blockchain system aims to establish a World Digital Currency (WDC), centralized digital currency called “UBI coin” (Universal Basic Income Coin) that coexists alongside existing national currencies. This system incorporates a two-tiered blockchain architecture:

  1. Layer 1 (Main Blockchain): The primary blockchain responsible for managing the UBI coin and maintaining its value at 1 USD per coin.
  2. Layer 2 (Sub-Blockchains): A set of parallel blockchains, each representing a specific country’s economy. These sub-blockchains, denoted as “COUNTRY-UBIC” (e.g., IND-UBIC for India), are linked to the main blockchain as Wrapped Tokens and serve as intermediaries for transactions within their respective countries.

Smart Contracts Implementation

Smart contracts will play a crucial role in automating and governing the UBI coin ecosystem. These contracts will be deployed on both Layer 1 and Layer 2 blockchains.

Layer 1 Smart Contracts:

  1. UBIC Coin Minting: Controls the issuance of new UBI coins, ensuring a stable supply and maintaining the 1 USD peg.
  2. Transaction Fee Collection: Collects a small fee for each transaction, contributing to the network’s maintenance and security.
  3. Zero-Knowledge Proof Mechanism: Enables selective transaction privacy, allowing governments to hide sensitive information while maintaining transparency for others.

Layer 2 Smart Contracts:

  1. Country-Specific Regulations: Enforces country-specific tax rates, interest rates, and transaction fees, adapting the UBI coin to each economy’s needs.
  2. Sector-Specific Governance: Implements smart contracts for different market sectors, allowing each industry to regulate itself through a proof-of-authority consensus mechanism.
  3. NFC Collateral Management: Handles the NFC (Non-Fungible Collateral) mechanism, ensuring that countries have sufficient collateral to generate new UBI coins.

Code Snippets

Here are some simplified code snippets illustrating the proposed smart contracts:

Layer 1 Smart Contract: UBI Coin Minting

def mintUBICoins(amount):
# Check if sufficient collateral exists
if collateral >= amount:
# Mint new UBI coins
UBICCoins += amount
# Update collateral
collateral -= amount
else:
raise ValueError("Insufficient collateral")

Layer 2 Smart Contract: Country-Specific Transaction Fee

def calculateTransactionFee(transactionAmount):
# Retrieve country-specific transaction fee rate
feeRate = getFeeRate(countryID)
# Calculate transaction fee
transactionFee = transactionAmount * feeRate
return transactionFee

Layer 2 Smart Contract: Sector-Specific Governance

def executeSectorRule(sectorID, ruleID, parameter):
# Check if rule is authorized for the sector
if isAuthorizedRule(sectorID, ruleID):
# Execute the specified rule
executeRule(ruleID, parameter)
else:
raise UnauthorizedError("Rule not authorized for sector")

Conclusion

The proposed UBI coin blockchain system has the potential to revolutionize global finance by providing a unified, transparent, and adaptable digital currency. With its two-tiered architecture, smart contracts, and innovative features, this system offers a promising approach to addressing the challenges of traditional currencies.

Solving World Problems Using Universal Basic Income Coin
Solving World Problems Using Universal Basic Income Coin

How Universal Basic Income Coin (UBIC) solves other major issues have been covered in below article — Link

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