Monday 23 March 2020

The Future Is Now

The battle over the installation of the next generation of telecommunications equipment around the world can sometimes seem almost as intense as the Cold War that followed World War II and for a good reason — the stakes are high because 5G technology is likely to change life and business fundamentally around the world.

The new standard offers speeds up to 100 times faster than 4G and latency (the delay between sending information and that information being received) up to 120 times lower. The 5G standard also promises to transform our daily lives with smart cities, self-driving cars and medical breakthroughs, as well as revolutionizing military and security technology. The main players over who will control the future of computer science vs computer programming technology are China and the United States.

On the Chinese side, the most prominent player is Huawei Technologies, China’s biggest telecoms equipment firm, which has been accused by the US of placing backdoors in its telecommunications networks installed around the world, providing data access to Chinese intelligence services. The US has launched a campaign to stop countries installing Huawei equipment, but the company has categorically stated that “there is absolutely no truth in the suggestion that Huawei conceals backdoors in its equipment.”

“I believe the US government is right to be cautious,” says Adam Segal, an expert on Chinese technology policy and national security and the director of the Digital and Cyberspace Policy Program at the Council on Foreign Relations. “There will be vulnerabilities in all 5G networks, and countries have to be able to trust the manufacturer.”

“The Huawei case is so simple. Networks are about trust — the world doesn’t trust China’s national companies(rightly so),” tweeted Kyle Bass, chief investment officer at Hayman Capital Management, a Texas-based hedge fund.

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