China’s NFT Plans for Digital Control

The Lawfare Podcast

The Lawfare Institute

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4.7 • 6.2K Ratings

🗓️ 1 June 2022

⏱️ 43 minutes

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Summary

Non-Fungible Tokens, or NFTs, have captured the attention of thousands over the past few weeks and months. This technology's use has encompassed various forms of digital art such as the popular depictions of cartoon apes. But, one country has begun looking beyond NFT’s use as a digital asset toward using it for the creation of a more centralized and restrictive internet ecosystem.

Lawfare fellow in cybersecurity law Alvaro Marañon sat down with Yaya Fanusie, an adjunct senior fellow at the Center for a New American Security, to speak about the China government’s vision for the next iteration of the internet. Yaya is an expert on the national security implications of cryptocurrencies and recently has written Lawfare posts analyzing China’s NFT and national digital currency initiatives.

They broke down an NFT and the other technical acronyms, what the Chinese government’s aspirations are with its national blockchain project, and what the strategic risk to nation-states is if China can implement its technological vision.

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Transcript

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0:00.0	The following podcast contains advertising to access an ad-free version of the LawFair
0:07.2	podcast become a material supporter of LawFair at patreon.com slash LawFair.
0:14.7	That's patreon.com slash LawFair.
0:18.2	Also, check out LawFair's other podcast offerings, rational security, chatter, LawFair
0:25.6	no bull and the aftermath.
0:34.0	So the idea is that the next level of the internet or the next generation, their calculus
0:39.8	is that blockchain technology or distributed ledger technology will enable more dynamic
0:45.6	innovation.
0:46.8	And if that innovation gets sort of a global scale, allows more competitive applications
0:53.5	and industries.
0:54.5	Now, if there's a risk there, if that's happening in China, build on really the Chinese
0:59.0	plumbing or the Chinese government infrastructure and the US and other countries are not able
1:04.5	to compete, you can see a strategic disadvantage there in the decades ahead potentially.
1:11.4	I'm Alvaro Maranion, fellow and star security law at LawFair.
1:16.1	And this is the LawFair podcast June 1st, 2022.
1:20.8	Non-fungible tokens or NFTs have captured the attention of thousands over the past few
1:25.5	weeks and months.
1:27.3	This technology's use has encompassed various forms of digital art, such as the popular
1:31.7	depictions of cartoon apes.
1:34.6	But one country has begun looking beyond NFTs used as a digital asset towards using it
1:39.6	for the creation of a more centralized and restrictive internet ecosystem.
1:44.8	I sat down with Yaya Faneuze and adjunct senior fellow at the center for a new American
	...

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