Relex recently had the opportunity to speak to Andrea Romaoli Garcia, a Brazil-based international lawyer and Ambassador to the United Nations against hunger and poverty.
Relex came to Garcia’s attention for its ability to democratize FDI, helping individuals around the world develop real estate and spur economic growth in nascent markets.
Relex is a real estate development investment company, which uses its RLX cryptocurrency token to facilitate crowdfunding across the globe. Traditional real estate development is often dominated by a pool of HNWI and institutional investors. On the other hand, Relex uses blockchain technology to disrupt this industry and offer an alternative.
The interview with Garcia, who is an international lawyer and expert in blockchain law, discusses her take on blockchain. She ends the interview discussing Relex and its benefits to developing economies.
1) Please share with us some insights into your professional endeavors, those you were involved with in the past and those that you are pursuing at present?
I come from the oil and gas industry. I was working in multinationals that provided services to Petrobras, and my position was the financial manager. I possess a bachelor’s degree and an MBA in Business Administration.
But my professional life changed the day I had a dollar suitcase under my feet inside the company. Everyone knows about the scandal of the Lava-Jato operation, and I saw this so near. I realized that I had no future in this place because I could not agree on illegalities that hurt the world economy and bring poverty to people.
I decided to become a lawyer and specialize in Criminal Law, Administrative Law and Tax Law. I became a specialist in Blockchain technology and digital economy studying, but I have an unusual trajectory to get here.
In 2009 I joined the United Nations and I have developed my private advocacy in parallel with the United Nations actions. And when I saw the Simuka Africa Youth Association starting as an NGO within the UN, I decided to work with them.
Technology allowed me to develop an NGO in Zimbabwe while living in Brazil. We’re currently working on the 2030 agenda by the UN for Sustainable development. We have established Nest — Simuka Legal Assistance to help fulfill the objectives of the agenda and it is a part of protecting children and developing the digital economy. < http://www.nestsimuka.org/>
Technology is a very difficult area for most lawyers, but for me it is very easy to get around in both fields.
At the end of 2015, I started research involving Blockchain technology and cryptocurrencies involving the digital economy scenario because many people said that the activity was criminal and so I decided to investigate. It was part of the field research coming down on Deep Web and talking to people. And this way I got into all the issues about digital economy.
Finally, from my autonomous research I created a legal thesis that defends the objectives of Blockchain for Goods UN campaign. This was necessary because the rulers were criminalizing the activity because they’re greedy and wanted to tax the income once again.
Currently, I’m recognized in my industry as an international tax lawyer and expert in Blockchain technology. Also, as an Ambassador by UN against hunger and poverty.
This makes me completely happy because I can work and contribute to a better world at the same time.
2) How is the rise of blockchain technology and cryptocurrencies changing the nature of economic transaction at all levels?
I started by drawing a review of the global economy, the composition of world trade and the World Trade Institutions to explain how blockchain technology and cryptocurrencies are impacting, in a positive way, the economy and social life by placing a social value in financial transactions.
We are living in a unique moment in world history: the world economy is in control and not individual nations, despite the large world economic share of countries like the USA and Japan, and this scares governments, banks and rulers.
Sectors such as agriculture are achieving higher productivity through mechanisation but this new scenario brought the decoupling of the primary product market from the industrial economy and the consequences are: less jobs and less money. Underdeveloped countries have a lot problems to improve the technological education and fast, and this will come up in the world economic scenario like a hungry crowd.
From my point of view, I argue that the domestic economy migrated to the world economy as the chief economic unit where Europe and Japan are prominent countries, and the developing countries’ are at the mercy of world supply and demand movements, with the resultant fluctuations in prices.
However, the nature of economic transactions at all levels was changed when blockchain technology and cryptocurrencies came up in the world economy because, before that, the nature was money-for-money in unequal and discriminatory biz, but now there is a social value in economic transactions able to touch all social levels. The digital economy with Blockchain is completely non-discriminatory.
This is a revolutionary phenomenon and already explained by Emile Durkheim’s philosophy who established a power relationship between social fact and coercion. This is a premise to establish a “disruptive economy.”
The people were suffering strong coercion from governments about taxes, less jobs, poverty and hunger growing in all levels and there was no expectation for a better life for the people.
Blockchain technology and cryptocurrencies create the unique chance for human beings to reach a better life because there is more autonomy about financial and professional life improving society: it is a Human Right… it is the materialization of human dignity.
The digital economy brings a new world via the Cloud Environment. In the world, there are new professional positions, less taxes, and more autonomy for people managing their own lives.
Fewer taxes not is the same as illegality because the economy with Blockchain improves the economic power of people that will lead to stronger consumers paying taxes on products that they will buy or sell. It’s a real win-win for business between people, governments and companies.
I realized something new in this cryptocurrency scenario: it is the first time in history that people and companies are working symbiotically.
3) Do you feel these new technologies are creating more opportunities for free trade on fair terms within countries and across the world? Or, do they pose any major security threat to the existing state of affairs which certain governments, like in China and India, are squabbling over?
As I said above: “The nature of economic transactions at all levels was changed when blockchain technology and cryptocurrencies came up in the world economy because, before that, the nature was money-for-money in unequal and discriminatory biz, but now there is a social value in economic transactions able to touch all social levels. The digital economy with Blockchain is completely non-discriminatory.”
And yes. These new technologies are creating more opportunities for free trade on fair terms within countries and across the world, as I’ll explain in detail.
First, I will talk about the relationship of the digital economy, banks, and democracy. Then, I’ll speak about taxes and justice, and finally, I’ll argue why a disruptive economy isn’t a security threat to government affairs.
A dictatorship means all power is in the hands of a few: the dictator of a certain group. This system has cycles because the real power isn’t extinguished. What can be extinguished is just the power of a dictator or group.
Therefore, the power will continue circulating and is disputed all the time. There was an oversight in the history of the world after the Second World War. Today Europe and North America have forgotten this rule and thought that dictatorships were only in Latin America and a few other countries. Today we live in a new cycle of dictatorships that affect the whole world: the dictatorship of banks. The proof of this was the crisis experienced by Europe where the financial system collapsed and the governments operated according to the self-interests of the banks.
So it is natural for governments to resist the digital economy because it threatens this “dictatorship” where the banks have the power and the plutocracy is a new economic strategy.
Many countries and organizations have used the principle of legality to banish the most people from all that is good in the world and reserving to plutocrats: money, food, health care, housing, education and comfort. But remember that laws doesn’t made by minorities or poor. The laws are made by the powerful and the rich persons, and anything that threatens the division of power or money will not be accepted.
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