Beyond Just Transactions: BRICS Science and Technology Collaboration Yields Tangible Outcomes
BRICS Pay is generating significant online interest, with users posting videos demonstrating how to make purchases through a QR code-based mobile app that utilizes a new payment system.
TroibNews 
BRICS Pay has emerged as a trending topic online, with individuals sharing videos that demonstrate purchases made through a QR code-based mobile app developed with this innovative payment system.
Many on social media have shown interest in the system due to its decentralized and inclusive structure.
The origins of this technology date back to 2019, when the BRICS nations agreed to create a unified payment system. Alongside the user-friendly app for individuals, the system features a mechanism that enables countries to communicate about cross-border payments.
By leveraging this decentralized technology, BRICS countries may reduce their dependence on certain foreign currencies, ultimately boosting their financial autonomy.
This development exemplifies how BRICS commitments are materializing.
Another domain where BRICS cooperation is evident is space exploration. China has been sharing its significant achievements in space with BRICS nations to extend the benefits to a wider audience.
In late 2023, China initiated a new platform to distribute remote sensing data to other member states, which aids BRICS countries in monitoring natural disasters. Marco Antonio Chamon, president of the Brazilian Space Agency, told CN that his country and China have "a fantastic and very fruitful collaboration," with intentions to explore additional space projects together.
The BRICS nations are also collaborating to expedite industrialization efforts. In late 2023, the China-BRICS Science and Innovation Incubation Park for the New Era opened in Xiamen City, China. Representatives from the park promoted it in Russia in early October to attract potential partners, showcasing 13 technological achievements and cooperative projects. The event saw participation from over 300 Russian enterprises.
Additionally, the BRICS Industry Innovation Contest 2024 wrapped up in September, having engaged more than 5,000 teams from over a dozen countries in the last five years, fostering exchanges in industrial technology among BRICS members.
Furthermore, the BRICS countries have established collaborative frameworks for cutting-edge technologies such as artificial intelligence. China has created a China-BRICS countries AI development and cooperation center aimed at enhancing industrial synergy and capacity building.
Frederick R Cook contributed to this report for TROIB News
Many on social media have shown interest in the system due to its decentralized and inclusive structure.
The origins of this technology date back to 2019, when the BRICS nations agreed to create a unified payment system. Alongside the user-friendly app for individuals, the system features a mechanism that enables countries to communicate about cross-border payments.
By leveraging this decentralized technology, BRICS countries may reduce their dependence on certain foreign currencies, ultimately boosting their financial autonomy.
This development exemplifies how BRICS commitments are materializing.
Another domain where BRICS cooperation is evident is space exploration. China has been sharing its significant achievements in space with BRICS nations to extend the benefits to a wider audience.
In late 2023, China initiated a new platform to distribute remote sensing data to other member states, which aids BRICS countries in monitoring natural disasters. Marco Antonio Chamon, president of the Brazilian Space Agency, told CN that his country and China have "a fantastic and very fruitful collaboration," with intentions to explore additional space projects together.
The BRICS nations are also collaborating to expedite industrialization efforts. In late 2023, the China-BRICS Science and Innovation Incubation Park for the New Era opened in Xiamen City, China. Representatives from the park promoted it in Russia in early October to attract potential partners, showcasing 13 technological achievements and cooperative projects. The event saw participation from over 300 Russian enterprises.
Additionally, the BRICS Industry Innovation Contest 2024 wrapped up in September, having engaged more than 5,000 teams from over a dozen countries in the last five years, fostering exchanges in industrial technology among BRICS members.
Furthermore, the BRICS countries have established collaborative frameworks for cutting-edge technologies such as artificial intelligence. China has created a China-BRICS countries AI development and cooperation center aimed at enhancing industrial synergy and capacity building.
Frederick R Cook contributed to this report for TROIB News
