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6/29/2021 3:53:42 AM GMT When the first caravans carrying Chinese silks arrived in ancient Rome, it set off a female fashion craze. The wives of senators and generals had never felt or seen anything so lustrous. Like the Chinese elite, they adopted the material as a symbol of wealth and status, embroidered silk robes with gold and wore them to the grave.  China announced a Digital Silk Road (DSR) in 2015 with a white paper that described a range of technology and communications projects. But it wasn’t obvious what, if anything, would play the role of silk. Now it’s clear that just as threads spun from the pupae of silkworms drove the growth of a global trade network, China’s digital yuan may weave an international system of finance. The first inroads have already been dug: Developing economies have adopted the yuan as their own, and wealthier economies in Asia and beyond are exploring their own fiat digital currency, whether they like it or not, to stay competitive with Chin

United statesHong kongSouth koreaStanley chaoHaruhiko kurodaDon tapscottNischal shettyNational bureau of asian researchInternational settlementsBlockchain research instituteDigital silk roadToronto based blockchain researchSoutheast asiaRoad initiativeLos angeles basedEastern europe