Pinoy IT analyst shines in U.S.
Both of his articles were used by Medium.com magazine
LEZO, Aklan — A young Filipino in the United States is shining in the field of Information Technology (IT). This after Francis Mendoza, in late August this year, published two articles related to the implications of Facebook’s Libra and A Rigorous Analysis Of Blockchain’s Empiric Value.
Both of his articles were used by Medium.com magazine.
Mendoza is a son of a Filipino medical doctor based in Arizona. His mother hails from Lezo, Aklan. His article about Facebook’s Libra states that it is currently considered a threat to the US Dollar, the reserve currency of the world, for a variety of reasons. Among the reasons he mentioned were that the currency being controlled by Facebook and other corporations instead of the US Government; the Libra stablecoin and platform is the superior option in wiring and enforcing international contracts; a potential loophole for several state and non-state actors against US economic sanctions, which would greatly diminish the international influence;
With several other foreign currencies being pegged to the dollar, a nation’s monetary policy is greatly affected by its behavior; presents an attractive, stable alternative for a nation that does not want to be influenced by US Monetary policy and with Facebook’s 2.4 billion users, Libra is a threatening competitor to the world’s dominant currency.
His analysis meanwhile on Blockchain’s empiric value states that it is defined as the removal of trust in third parties within any business transaction requiring a middleman.
“Hence, the surface-level benefits would be more streamlined operations via the reduction of overhead, faster transaction times and real-time enforcement of integrity for all parties involved in the deal,” Mendoza said,
“Extrapolating those fundamental principles of value into one of Blockchain’s numerous applications, cryptocurrency (if based on Satoshi Nakamoto’s original democratic, trustless, peer-to-peer design) is a currency that is not controlled by any one individual or party that will win by making all others lose, via engineering the properties of the currency to suit their interests,” he added.