China approves 224 new blockchain projects from leading companies
Chinese authorities approve 224 new blockchains-the project.
Heavyweights like Alibaba and China Mobile are on the list of filing companies..
China has every chance to break into the world leader in innovative technologies.
International consortium news organizations, developing transparency standards.
The Chinese authorities gave the go-ahead for implementation immediately 224 new projects tied to blockchain technology and presented by world-famous companies.
According to law everything blockchain projects launched in China must be included in the national registry, and for of this they need to get approval from the authorities. IN last thing time Beijing is clearly well-disposed towards such applications from companies. Most recently, the country’s authorities sanctioned the development of another 224 projects.
Like mushrooms after rain
All approved blockchain projects should be launched soon.
I recently announced this in my account at Twitter Alice Crypto (@AliceolaCrypto) showing a screenshot of an official statement from the authorities. 53 approved applications are in the fintech segment, forming the largest category of projects.
It is important that key business players in China are behind many of the submitted applications.. So, eg, Walmart China has developed a blockchain concept for the secure tracking of food supplies. Such company, like Baidu, JD, Alibaba, Suning, China Mobile and China Merchants Bank have also entered this list with their projects. For example, China Merchants Bank received approval for five applications at once for application blockchain technologies in the segment of financial services.
Generally can to note that the blockchain ecosystem in China is developing, and support of this the growth momentum is carried out at the state level. Apparently, in this year China yet not once will be deliver fresh news for blockchain industry.
There would be no happiness, but misfortune helped
Last fall, the leader of the Celestial Empire, Xi Jinping, at a meeting of the Politburo of the Central Committee of the Communist Party, made a policy statement on theme blockchain. He officially announced the launch of a campaign to “blockchain” the real economy and massive adoption of new technologies in all spheres of life..
This month edition BeInCrypto already talked about the creation of a national blockchain committee in the Middle Kingdom, the main goal whom will establish standards to master the technology in the country. The committee includes such tech giants as Huawei, Baidu and Tencent.
Besides Togo, China has long intrigued the crypto community with promises to launch its own high-speed digital currency in the fight against hegemony dollar USA. Recently there was news about Tom, that in May, employees of the city administration and other government agencies of Suzhou will receive their salaries in DCEP digital currency.
According to some participants in the crypto space, Beijing decided to accelerate development in this direction under the influence of the COVID-19 pandemic, which made the use of paper of money. The authorities of several states have expressed concern that traditional banknotes may become a carrier of infection.
It seems that the outbreak of the epidemic contributed to growth demand for digital payments and electronic money in China. Coupled with big quantity new approved blockchain projects, China really can break out this year in the leaders of new technologies, until USA will still continue to recover from the coronavirus attack.
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