Society is now witnessing the implementation of digital currencies, AI and blockchain technology worldwide. These new digital technologies, necessitate very high consumption of electric energy, currently produced with coal and fossil fuels with adverse environmental effects. A global shift towards green energy will require the removal of the technological/infrastructure, financial and regulatory/tax policy barriers. In a series of articles, we will evaluate the tax, digital technology and solar policies (including space power satellites) of the top CO2 emitting countries.
The United States is at the forefront of blockchain and artificial intelligence (AI) technology adoption — both the government and private industry. And Bitcoin’s volatility recovery is fueling this process.
According to reports, the United States government spending on blockchain is expected to Increase by 1,000% between 2017 and 2022, while U.S. investors are expected to increasingly invest in digital assets to add diversity to their investment portfolios and resume cryptocurrency mining as it once again becomes profitable.