China is leading applications for blockchain patents. The push for the technology received a boost in October, when President Xi Jinping called for a greater adoption of blockchain.
During a meeting of the Communist Party of China, President Xi stressed expediting the development of blockchain and detailed ways in which the Chinese government would support research and standardization of the technology.
But, what is Blockchain? CGTN’s Gerald Tan explains.
- Lin Pang is an attorney, expert in electronic commerce and internet law.
- Musheer Ahmed is the managing director of FinStep Asia.
- Paul Sin is the Asia Pacific Blockchain Lab Leader at Deloitte.
- Emin Gun Sirer is an associate professor at Cornell University.
China’s stepping up scrutiny of its massive cryptocurrency industry just weeks after President Xi Jinping ignited a market frenzy by declaring Beijing’s support for blockchain technology https://t.co/DXQvUXp3oP
— Bloomberg Crypto (@crypto) November 27, 2019
South China's Hainan Province on Wednesday released a set of measures to speed up the development of the #blockchain industry, with a special fund of 1 billion yuan (about $142 million) set up to finance blockchain companies. pic.twitter.com/hjG6tf403b
— People's Daily, China (@PDChina) December 5, 2019