Below is a description of the new BRICS exchange system. My first reaction was that the Law of Demeter drove its design, just like in my Gold Token / SXS system - geographic distribution of gold with delegated responsibility. Notice the world diagram...

BRICS 2025: Gold Dedollarization Endgame
Gold becomes the store of value. Yuan becomes the medium of exchange. Blockchain the unit of account
ZeroHedgeVBL

Both systems use blockchains, tokens, gold-backing, distributed depositories and the BRICS mBridge is quite similar to my SXS design which I modified two years ago for State depositories instead of countries.

Another good prediction, baby, from 20 months ago.
Damn, I'm good.

Most people don't know that software design patterns are generic. They simplify and reduce transaction costs and are universally applicable to many industries. My first write-up of this design was ten years ago.

Bitcoin Meandering
In its pure form, the Bitcoin blockchain is not only peer-to-peer, it’s “peer-to-all-peers”. So it suffers even more from the weakness of P2P systems - scalability, i.e. exponential traffic increase as it grows. The proposals I’ve seen (lightweight client, larger blockchain size) are linear patches which shift the exponential
browardbroward horne

I suspected in March 2023 that Texas was on the right path with their gold depository, and why I've rabidly pursued this concept for two years. It's a competitve counter to this BRICS initiative.

ChatGPT-generated comparison table: