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Prepared by Peter Li-Chang Kuo ( Chinese ) “ TES ” (The eStore System) is the world’s first “ tech-economic system ” of contactless intelligent transaction and digital economy system. Invented in 1986 to address structural unemployment, TES represents an innovative industrial breakthrough developed over 11 years and promoted through APEC for 13 years (1997–2009). Fig 1: TES System Overview Diagram TES integrates “ Contactless Payment, TranSmart Supply Chain Management, AI, and Financial Flow Management ,” and has been practically implemented worldwide. Its impact was especially significant during the COVID-19 pandemic, benefiting more than 1.5 billion people globally, with annual cashless transaction volumes reaching “ USD 36 trillion .” Within TES, “ VAM ” (Vending Automation Manager, aka Virtual Asset Management) constitutes a forward-looking core intellectual property (IP) and is poised to become a major engine of the future smart financial economy. In 1986, to realize the...