Monday, June 15, 2009

Digital Gold Currency - A Solution to the Global Financial Crisis

UTAR, CCIS (Center for Computing and Intelligent Systems), and MNCC will be jointly organizing an Evening Talk on 'Digital Gold Currency - A Solution to the Global Financial Crisis'. The talk will be presented by Dr. Ng Liang Shing from the Faculty of Computer Science & Information Technology University of Malaya.

Speaker's Biography:
Dr. Ng Liang Shing is a Senior Lecturer at the Department of Artificial Intelligence, Faculty of Computer Science & Information Technology, University of Malaya. His research areas include Artificial Intelligence, Image Processing, Computer Architecture and Internet applications.

"Is the root cause of the global financial crisis due to the fact that governments / central banks can print as much as money as they like? If so, is it possible to eliminate paper money and consequently eliminate financial crises altogether?"

The recent global financial crisis has raised many questions on a global scale -- from technical, financial, to political and even moral. In this lecture, we explore the following issues:

a) the role of fiat currency in the global financial crisis,
b) the history of money: from Roman, Persian, Islamic, Chinese to modern,
c) a novel form of currency called the Digital Gold Currency.

We further discuss the use of computer simulation of Digital Gold Currency to investigate the future of global and national economies, including worst case scenarios such as capital flight and currency collapse, more specifically:

i) how to model the impact of Digital Gold Currency for small, medium and large businesses,
ii) how to prepare small, medium and large businesses for the adoption of Digital Gold Currency,
iii) simulation of capital flight and currency collapse, and how Digital Gold Currency can help minimize the impact,
iv) the scenario of a truly globalised economy with DGC as a universal currency.

It will be held as follows:

Date: 17 June 2009 (Wednesday)
Time: 6.30pm
Venue: PB Auditorium 1,
Universiti Tunku Abdul Rahman (UTAR)
No. 13 Jalan 13/6
46200 Petaling Jaya
Selangor, MALAYSIA

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