China’s Blockchain Invasion
Word in China is out about blockchain technology, as the government made clear in an Informatization Strategy published in December of 2016. The strategy states, “The internet, cloud computing, large data, artificial intelligence, machine learning, blockchain … will drive the evolution of everything — digital, network and intelligent services will be....
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China’s banking and digital payment giants are using blockchain technology to add transparency to charity organizations' donation distribution networks.
The new compliance services could further boost China’s efforts in the blockchain race against the U.S.
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China's latest five-year plan mentions blockchain technology specifically and signals an increasing focus on the research of emerging technologies. China’s determination to stay ahead of the curve when it comes to the utilization of blockchain technology was evidenced again this week, after the release of the country’s latest five-year development plan. The word “blockchain” was reportedly mentioned for the first time in the 14th of China’s regular five-year plans, which lay out the country’s economic priorities for the period from 2021 to 2025, according to local news outlet....