Lions Gate was an idea born of necessity, as people from China are attracted to the western system and require new identification. My Chinese-Canadian friend jokes that he is a member of the Lee club, where the only criteria is having the last name “Lee” and we laugh trying to remember if it’s sixty million members, or fifty million people with the same last name. All joking aside, this a huge need of one country (China) that has to be filled, and a great service to provide.
By 2030 it will be mandatory for the use of the Internet, no matter where in the world you are, that each user have a unique ID (self-sovereign ID) that is recognized by all 3rd party verification services. This same process and method is ideal for a citizen of PRC to obtain the entry into the promised second system of China being two systems in one country. Currently there’s an imbalance.
The sleeping giant that is China, has awoken and now wants to visit the relatives abroad. Over one million visitors from China to Brazil each month, for example. Meanwhile, PRC mobile phone is managing day to day currency exchange requirements and works all over the world through the phone apps to replace currency. This signals a departure from the long tradition of defence from the western banking, to a full-on commercial blitz to compete in every market vertical, in every market and offer better payment solutions.
The QR Code collaboration of the Asian online giants provided a glimpse into the disruption that mobile phones can throw at banking and exchanges. The WeChat/UnionPay strategy has been a game changer to the global playing field, not to mention the reach of Alipay and Applepay. China has gone global.
Commerce is great and brings prosperity, all people deserve the right to travel the world and enjoy the fruits of their labour. Imagine that China is the original diaspora and relatives spread to the far corners, now the strategy is global and Lions Gate wants to assist PRC people to obtain Self-Sovereign ID.
The socialist system and policies shall not be practised in the Hong Kong Special Administrative Region, and the previous capitalist system and way of life shall remain unchanged for 50 years.
Deng Xiaoping proposed to apply the principle to Hong Kong in the negotiation with the British Prime Minister, Margaret Thatcher over the future of Hong Kong when the lease of the New Territories (including New Kowloon) of Hong Kong to the United Kingdom was to expire in 1997. The same principle was proposed in talks with Portugal about Macau.
The principle is that, upon reunification, despite the practice of socialism in mainland China, both Hong Kong and Macau, which were colonies of the UK and Portugal respectively, can retain their established system under a high degree of autonomy for at least 50 years after reunification. What will happen after 2047 (Hong Kong) and 2049 (Macau) has never been publicly stated.
Chapter 1, Article 5 of the Hong Kong Basic Law, the constitutional document of the Hong Kong Special Administrative Region, reads:
The establishment of these regions, called special administrative regions (SARs), is authorised by Article 31 of the Constitution of the People’s Republic of China, which states that the State may establish SARs when necessary, and that the systems to be instituted in them shall be prescribed by law enacted by the National People’s Congress in light of the specific conditions.
The SARs of Hong Kong and Macau were formally established on 1 July 1997 and 20 December 1999 respectively, immediately after the People’s Republic of China (PRC) assumed the sovereignty over the respective regions.
Lions Gate represents the two lions on the sidewalk of Hong Kong and on the currency of the Hong Kong dollars, one lion is in the west and the other lion is in the east and they work together to protect the gate, behind which is the SSI of it’s members. One country, two systems and one SSI solution for both.
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