Prosperous Nation Designer and AR

Written by Peter Li-Chang Kuo

Taiwanese people have a passive income that generates "USD 380,000 per minute"— and they let it slip away, while the ruling and opposition parties endlessly argue over fiscal revenue. The evidence is: Every day, billions of people pass conveniently through MRT fare gates; we hear only the “beep” sound, yet we never see malfunctions or congestion. This great contribution to the world is associated with three people: “Kuo Li-Chang, Ding Lin-Hong, and Lin Jiang-Cai” (Fig 1 — from left to right).

Fig 1: Kuo Li-Chang, Ding Lin-Hong, Lin Jiang-Cai

This photograph represents “technology, invention, and public policy,” as well as dedication to the world.

During Mayor Lee Teng-Hui’s tenure (1978–1981), Taipei City underwent three major improvements: first, the completion of the Feitsui Reservoir so that water shortages ended; second, the planning of Xinyi Secondary Central Business District; and third, the planning of the Taipei MRT. The planner behind these three major projects was Mr. Lin Jiang-Cai. “Lin Jiang-Cai” can be said to have been the important chief urban planning and engineering designer of Taipei City at that time, making profound contributions to the three most representative construction projects of Lee Teng-Hui’s city administration.

When planning the Taipei MRT, Mr. Lin Jiang-Cai once visited other countries to study their practices in areas such as “fare collection” and “passenger flow,” only to find them all unsatisfactory. He once formed a Task Force specifically to study solutions, but made no progress. It was not until December 29, 1989, when he saw a "Economic Daily News" report about Ding Lin-Hong(Linda Din)’s Sanhornic Enterprise Ltd. (SEL) devoted to developing a “Radio Frequency Transmitter,” with mass production planned for the following year, that he called to visit us; from then on, we became close friends.

Fig 2: 1989 Report and RF Transmitter

Mr. Lin Jiang-Cai always believed: “Linda Din’s invention is a Genesis-level invention, an invention in which Taiwan is ahead of the world, and a matter of national importance.”

The photo in Fig 1 was taken on April 17, 1998, at the International Conference Center of Zhongxing New Village, Taiwan Provincial Government. Because Linda Din, with her invention TES, caused a sensation at APEC 1997 in Vancouver, the concrete products were the “contactless TranSmart chip card” and its “reading device” (TRD, Toller)—the very items installed today at MRT fare gates around the world — and also the invention that Mr. Lin Jiang-Cai cared about most.

A “TranSmart card” is the stored-value sensor card carried by passengers. Director Lin considered this a major achievement and hoped the inventor would explain it in person, so he summoned the heads of all relevant national agencies to listen to Linda Din explain the importance of TES and its derivative inventions to a “prosperous Taiwan.” The relevant officials witnessed TES and its “contactless TranSmart card technology” at Zhongxing New Village. This meeting not only reflected the global-leading deployment of MRT fare gates and cashless passage technology within Taiwan’s public infrastructure, but also showed the high level of importance that officials such as Lin Jiang-Cai, then in the Construction Department, attached to its institutional promotion.

Fig 1 reveals a very important message: it is not merely a group photo of three people, but a key record of Taiwan’s early introduction of “contactless TranSmart cards and reading devices” into public policy and the cashless transaction system. Mr. Lin Jiang-Cai placed special importance on this meeting because, in his earlier MRT planning work, he had already realized that countries around the world had unsatisfactory solutions for “passenger flow, fare collection, and fare gates,” and Linda Din’s TES and its subsystems happened to solve this structural problem.

This photograph also reveals significance on three levels. First, it shows that the technology had moved from “invention” to recognition by government and the public engineering system, because the people present were not only researchers but also engineering officials who would incorporate the technology into urban development thinking. Second, it shows that the core logic of Taipei MRT fare gates had already been concretely envisioned at the time as an integrated system of “card + reading device + backend transaction control,” not a single piece of hardware. Third, it shows that Lin Jiang-Cai viewed this invention with a high level of political and engineering judgment, regarding it as a major achievement that could enhance Taiwan’s competitiveness and potentially lead the world.

The true historical value of Fig 1 lies in this: it records a public infrastructure decision-maker publicly and seriously confronting, for the first time, a Taiwanese original technology that had not yet become widespread but was capable of changing future transit and payment methods—a witness to Mr. Lin Jiang-Cai, the Construction Department Minister in 1998 and the highest administrative official in national industrial development, placing great importance on TES, the “contactless TranSmart card, and the reading device (TRD)” brought to the world by Linda Din. This meeting not only reflects that the Taipei MRT fare gates and passenger-flow charging system had already entered the field of “public policy and engineering planning” at that time, but also symbolizes Taiwan’s globally leading original proof in contactless smart ticketing and cashless transaction systems.

In September 1998, Linda Din was invited to serve as an APEC speaker in Kuala Lumpur. Despite strong obstruction, she was fortunately supported by the host organization, "ASLI," and with assistance from the U.S. delegation, she successfully passed seven hurdles to advocate the formulation of the “E-Commerce Constitution” — “Steering the Global E-Commerce” — establishing a legal basis for the recovery of countries affected by the Asian financial crisis. TES was described as a “Total Economic Solution” that could be used to address the serious socioeconomic effects of the financial crisis on growth, employment, and poverty levels in member economies.

Fig 3: Taiwan’s Major Victory at APEC 1998

TES was the only instrumental proposal consistent with the "Bogor Goals" — the overall theme of the “Multilateral Trading System” — as well as the APEC E-Commerce Work Program, and the ministers agreed to submit it for Leaders’ approval. After returning to Taiwan, LInda Lind (Ding Lin-Hong) founded "Panhornic ComMec Inc." (PCI). When we went to the Construction Department to obtain the company license, Minister Lin Jiang-Cai believed that we had won a major victory at APEC. After arrangements were made, on May 24, 1999, we submitted to the Taipei City Government the proposal “Supporting Measures for TES Electronic Stores,” which helped promote the use of the "TranSmart chip card" in the Taipei MRT—later called the “EasyCard.”

Fig 4: Taipei City Government Proposal Leading to the Commercialization of EasyCard

One day, Mr. Lin Jiang-Cai called and said that he had been transferred to serve as a Control Yuan member, and asked, “Is there anything you need me to serve with?” I immediately rushed to the Control Yuan. This was because, after Linda Din was misled by the U.S. and Canadian representatives at APEC 1997, she insisted on applying for the “U.S. invention patents” when she returned, but after the application was submitted, it sank without a trace. Mr. Lin asked his secretary to call the Intellectual Property Office, and Director Chen Ming-Bang appeared almost as if within one minute. Upon investigation, it turned out that “The reviewers believed it was impossible to transform information through contactless means.” Mr. Lin had already seen a physical prototype ten years earlier, and he immediately rebuked Director Chen for “harming the nation”(誤國). He believed that if the painstakingly written application were stolen and filed in another country, and that country obtained the patent, Taiwan would become a target to be exploited.

Seeing the Intellectual Property Office’s absurd behavior, we decided to invest a sum of money to place the most important part of the TES system—the “TranSmart Supply Chain Management” system, abbreviated as “TSCM”—into the "Compilation of 87–89 SBIR Achievements." Even then, because of the examiners’ ignorance, three legislators had to be mobilized before the goal of protecting the nation’s intellectual property (IP) could be achieved.

Fig 5: Placing “TSCM” into the “Compilation of 87–89 SBIR Achievements”

Before the 2008 financial tsunami, I widely promoted “social responsibility investment” (SRI) in the United States, hoping to prevent such a disaster from occurring. In 2009, I was invited by the leaders of two countries to contribute the way of “Rebuilding the Global Economy” at the APEC CEO Summit in Singapore.

Fig 6: Rebuilding the Global Economy at APEC Singapore

I proposed “IIA-TES”— issuing 1.7 billion TranSmart chip cards and fully installing TRD devices in stores to upgrade them into "eStores." Taiwan’s manufacturing supply chain and ICT sector seemed to be fully supporting the United States, and the financial tsunami appeared to vanish without a trace.

Fig 7: Taiwan–U.S. Seven Major Centers Proposed at APEC Singapore

When former President Lee Teng-Hui heard about this, he invited us to report this major achievement from the APEC Leaders’ Meeting at Cuishan Villa on February 26, 2010, and we asked Mr. Lin Jiang-Cai to accompany us.

Fig 8: Group Photo with Former President Lee Teng-hui at Cuishan Villa

Former President Lee said, “By seeing who came with you, one can tell what kind of people you are.” He also added, “Lin Jiang-Cai is a good man. He should be able to contribute even more to the nation.” In fact, with his support along the way, TES finally became an ark of salvation. We submitted written materials, and President Lee asked Linda Din to explain them. After listening, he said excitedly to Mr. Lin Jiang-Cai, “Mr. Lin, what Taiwan needs is this participant-benefiting ‘smart industry.’”

Fig 9: Linda Din Explains the TES Network to President Lee

Mr. Lin Jiang-Cai had in fact already facilitated a briefing on “Global Channel-TES” to the Council for Economic Planning and Development (CEPD) on February 11, 2010, helping bring about the "Act for the Development of the Cloud Computing Industry," which brought Taiwan today’s prosperity.

Fig 10: The CEPD Helps Promote Cloud Computing Policy

This historical process — “from invention to international advocacy, and then to national governance” — first began with Linda Din’s vision for a prosperous Taiwan through the integration of contactless TranSmart chip cards and TRD into “Global Channel-TES.” Second, I was compelled to step up and invest significant resources to help realize her ark of salvation. Finally, Lin Jiang-Cai placed this vision into the contexts of the Taipei MRT, economic planning, and public policy, responding to Taiwan’s structural needs in public transportation, cashless transactions, and the digital economy, and thereby influencing the world.

During President Lee Teng-Hui’s administration, Taiwan already had a highly forward-looking original solution for the construction of urban transportation, cashless transactions, and digital-economy institutions: Linda Din’s “TES” (The eStore System) and its related contactless TranSmart chip card, TRD, and global channel concept. Centered on smart ticketing, electronic stores, and the integration of physical and digital systems, this system not only addressed, through APEC proposals, the practical needs of public transportation for mass passenger fare collection and passage efficiency, but also provided important inspiration for Taiwan’s later development of cloud computing, the platform economy, and digital-industry policy. Mr. Lin Jiang-Cai placed great importance on this technology in Taipei MRT planning and subsequent policy communication, and he also arranged relevant briefings so that this innovation could enter the level of national construction and public policy discussion, becoming an important historical milestone in Taiwan’s move toward smart transportation and the digital economy.

This process shows that long before the world understood smart ticketing and the platform economy, Taiwan’s original private-sector technology had already proposed a practical, implementable contactless transaction and transportation solution. Through public works, policy coordination, and international advocacy, Taiwan gradually shaped a pioneering position in the fields of the digital economy and smart transit. From Fig 1 to 10, one can see the ironclad evidence of intellectual-property sovereignty across the timeline, providing a leverage point for public-private collaboration in recovering “accounts receivable” (AR).

Recently, Wall Street experts reminded us that the “Cashless” transaction system formed by the “RF Transmitter” (Fig 2) installed in stores, vehicles, and fare gates, together with the TranSmart chip cards carried by consumers, has already reached a scale of "USD 200 trillion." Using the "Gordon Growth Model" (GGM), they substitute the value of the “Cashless Transaction Market” and accounts receivable (AR) into "P= D₁ /r−g" to estimate it, converting the macro-level total market transaction volume into micro-level “Corporate Earnings Streams” and deriving a reasonable scale of accounts receivable (AR). This derivation shows the enormous financial value that our invention, the “RF Transmitter” (Fig 2), together with APEC public policy and technology promotion, has unlocked in human economic history.

First, the question that must be clarified is: “Who is the debtor?”

Answer: the main target consists of “multinational corporations” (MNCs), international financial clearing institutions, and representative companies that actually use, without authorization, the underlying architecture of the global cashless transaction, e-channel, and chip-card clearing system, as well as the modern FinTech framework.

After the sealed letter from Wang Chien-Hsuan of the Control Yuan was declassified on "August 16, 2017," we sought out the world’s top law firms, only to waste eight precious years in vain. At an expert meeting recently, it was decided that an asymmetric strategy of “legal warrior wolves + AI agents + self-media” would be the strategy to use in the future.

Fig 11: Wang Chien-Hsuan’s Confidential Letter

Fig 11 shows a "Confidential Document from the Control Yuan" personally signed by Wang Chien-Hsuan — as indicated by the "Confidential" character in the red box: "This confidential document, which was sealed by the cartel until 2017, reveals the shocking secret that Taiwanese people are losing NTD 12 million (USD 380,000) every minute!"

Local scholars say this is “too broad” because they use the traditional creditor mindset of “lending and borrow” to understand “de facto use” and unjust enrichment derived from the top-level APEC architecture.

Second, the nature of the debt must be clarified: accounts receivable (AR) are “not a traditional lending debt,” but rather transnational claims for “restitution for unjust enrichment” and “statutory royalties,” arising from the technical source established under the APEC frameworks of 1998 and 2003 because of “de facto use” and intellectual-property infringement.

Wall Street experts suggest that what is legally a “dispute over infringement” can be upgraded, using the Gordon Growth Model, into a discourse framework of “capital-market pricing and systemic financial risk,” as follows:

1. Redefining the Gordon Model Parameters: Converting “Legal Infringement” into “Implicit Licensing Cost”

The point is not simply to say, “they owe us money,” but to argue that “the current share value of these infringers is severely overvalued because they have not deducted the perpetual licensing cost of the underlying technology.” Therefore, the classic Gordon Growth Model "P=D₁/r−g" should be strategically restructured:

Re-anchoring " D₁" (expected cash flow):

The argument is that the profits " D₁" of these multinational corporations (MNCs) inherently include “unjust enrichment” that was never paid to us, the original inventors.

Formula revision: the true " D₁" = declared profits of the MNCs − statutory licensing royalties payable under the APEC framework (AR).

The leverage of "r" (required return / risk premium):

The argument is that when the “legal warrior wolves + AI agents + self-media” speak out internationally and point out that the underlying intellectual property behind this “USD 200 trillion market” has fatal defects, global investors’ risk expectations for these MNCs will rise.

Financial linkage: higher risk → higher (r). In the Gordon Model, a larger denominator (r−g) directly causes the market value (P) of these MNCs to collapse.

The chokehold of "g" (sustainable growth rate):

The argument is that if they do not obtain "lawful authorization," their future expansion across global economies will face legal injunctions.

Financial linkage: lower g → a further increase in (r−g) → devastating damage to market value (P).

2. Actuarial Derivation: How to Calculate the Legal Basis for “Hundreds of Billions of Dollars” :

When someone asks, “Who is the debtor, and where does the hundred-billion-dollar debt come from?”, we can use an “infrastructure penetration rate” calculation and present the numbers directly:

Base data — global cashless transaction gross merchandise value (GMV): USD 200 trillion.

Share of APEC core member economies (the U.S., China, Japan, Taiwan, Korea, etc.): approximately 70% = USD 140 trillion.

Statutory reasonable royalty rate: an extremely conservative "0.05%" (five basis points), far below the usual 1%–5% often demanded in intellectual-property recovery, thereby demonstrating the reasonableness and near-unassailability of the claim.

Actuarial formula derivation:

Annual statutory royalty "D₁": D₁ = USD 140 trillion × 0.05% = USD 70 billion per year.

Historical accumulated unjust enrichment (with a 10-year retroactive recovery period from 2014, excluding interest):

AR (accounts receivable) = USD 70 billion × 10 years = “USD 700 billion.”

Multinational giant coalition — taking the top five as an example — monopolizes "30%" of the global related clearing and digital-experience market. Allocation ratio:

These five giants’ actual debt (AR) = USD 700 billion × 30% = USD 210 billion.

This is the scientific mathematical derivation of the “hundred-billion-dollar AR,” not a random imagination, but the most conservative financial estimate under a USD 200 trillion market scale.

3. Asymmetric Practice of the Gordon Model

Based on the above formulas, the legal-warrior coalition should reject the traditional drain of court battles and instead fight a “Wall Street cognition war” and an “ESG compliance review war.” First, use self-media to launch a public-opinion campaign — anchor the common-sense principle that “users pay,” and use short videos to strongly link the convenience of the “beep” sound with the contributions of “Taiwan’s Lin Jiang-Cai, Linda Din, and Kuo Li-Chang,” creating global pressure: “These multinationals earn USD 200 trillion, yet they refuse to pay Taiwan’s inventors a five-basis-point foundational R&D royalty? This is technological colonialism!”

Use AI to generate large volumes of "financial risk analysis reports" based on the Gordon Model and distribute them to major global fund managers and foreign-investor communities, with titles such as:

“Why Is xPay’s Share Price Overvalued by 15%? The Hidden Hundred-Billion Intellectual-Property Debt Risk Under the APEC Framework.”

Expose "the false financial reporting" of the MNCs (audit failure). Under the "U.S. Sarbanes-Oxley Act," listed companies must disclose “material contingent liabilities.” The legal-warrior coalition should report these giants to the U.S. Securities and Exchange Commission (SEC) for concealing this hundreds-of-billions-scale “statutory royalty payable,” thereby exposing their non-compliance.

Zero Government Capital, Billions for the National Treasury.

The “filling” is the most important part of any pie. Our tailor-made "AICT Club" is precisely the “filling” of national development.

“ICT” was our initiative at APEC in 2000, known as the "Brunei Goals." In 2026, it requires an advanced version — hence "AICT." “Club” does not mean a social club; it stands for “a commercial link to the universal businesses,” a global platform connecting businesses worldwide.

Its concrete infrastructure is the "AICT Control Center" (see Fig 12), which manages global cashless transaction flows. By leveraging Taiwan’s status as the originator of this system and charging only a "0.05%" transaction-clearing fee, the system can generate substantial revenue. Through a "PFI" (Private Finance Initiative), it can help implement the foundation of national development while establishing a sustainable “Accounts Receivable” (AR) recovery mechanism, with KPIs derived through actuarial modeling as above mentioned.

Fig 12: AICT Control Center Initiative

The “AICT Control Center” architecture clearly demonstrates the following: with Taiwan as the original innovation base, four-constellation positioning and TSCM supply-chain management are used to control and coordinate eStores, creating a global “Cashless” (C) flow-regulation valve. A 0.05% clearing revenue stream can then serve as the financial “filling” of a PFI mechanism, attracting private capital to implement a century-scale national development strategy.

In short, the AR described above is not conventional personal debt. It represents technology usage fees for global financial infrastructure. The debtors are the actual beneficiaries of global cashless transactions, led by companies such as Disney, VISA, and Apple. In May this year, someone in the United States has already thrown the first pebble into the water. Based on a "GGM" (Gordon Growth Model) calculation, in a global market worth USD 200 trillion, we claim only the most conservative 0.05% licensing fee. The accumulated accounts receivable (AR) allegedly payable but unpaid by the five major infringers could reach as much as “USD 200 billion.” If this receivable can be realized through a "PPP" (Public–Private Partnership), Taiwan could help the government progressively achieve the goal of “Zero fiscal burden, Hundreds of billions flowing into the national treasury” through a PFI model — without drawing on the central government’s general budget — thereby laying a deep financial foundation for long-term national development. Conversely, one hour contains 60 minutes, one day contains 1,440 minutes, and one year contains 525,600 minutes: US$200 billion ÷ 525,600 minutes = approximately "USD 380,000 per minute." If Taiwan simply allows such value to continue flowing away, would that not be the height of folly?

Peter Li-Chang Kuo, the author created Taiwan's Precision Industry in his early years. Peter was a representative of the APEC CEO Summit and an expert in the third sector. He advocated "anti-corruption (AC)/cashless/e-commerce (E-Com)/ICT/IPR/IIA-TES / Micro-Business (MB)…and etc." to win the international bills and regulations.