Chinese Government Publishes Blockchain Financial Whitepaper
In a surprise move, the Chinese government’s primary information technology ministry has published a research paper detailing blockchain’s benefits. Although it looks at many industries, the paper highlights the financial sector for blockchain technology’s first applications. Contributions From Many Chinese Industry and Government Sectors. The paper is....
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China’s Ministry of Industry and Information Technology (MIIT) has published the country’s first official guiding document on blockchain technology and its applications in the country. China, which sees a significant majority of the world’s bitcoin trading, is a notable example of a major government’s foray into understanding cryptocurrencies like bitcoin, and its underlying technology, the blockchain. Just a month ago in September, the Chinese government was revealed to be working on developing and eventually using blockchain-based solutions for social security payments. Talking about the....
The Chinese Government is taking a new look at blockchain technology’s promises. Its new approach became clear this week when it hosted the two-day First World Blockchain Conference in Changsha. And speakers weren’t afraid to use that once-scary B-word: Bitcoin. The conference was officially organized by the World Blockchain Association, with the Hunan....
Chinese Government has announced the creation of a Blockchain Working Group to develop and implement distributed ledger technology in the country. The Chinese government, in an attempt to keep up with the rapidly changing tech scenario, has announced the creation of a Blockchain Working Group. Through this working group, the Dragon state intends to forge strategic alliances with digital currency technology related businesses to accelerate the development and implementation of blockchain technology. The creation of Chinese Blockchain Working Group coincides with the preparation for upcoming....
The R3 blockchain consortium continues to attract attention in the financial world, as they have welcomed their first Chinese member in the form of Ping An Group. This partnership has nothing to do with the consortium seeking US$200m in additional funding, though. In a rather surprising turn of events, the R3 blockchain consortium added its first Chinese....
How effective will the usage of blockchain technology for digital assets be? BItFury discusses it in its whitepaper. The use of Bitcoin blockchain has been widely discussed among the community for a while now. Innovations in the Bitcoin sector have shown that the digital currency’s underlying technology can be used for applications beyond the digital currency. This realization led to the evolution of Bitcoin to Bitcoin 2.0. It is already a known fact that the blockchain technology is being used by the banking and financial sector to facilitate fund transfer and develop trade settlement....