Blockchain Made in China

Posted by Joachim Bartels | Jul 10, 2017 | Blockchain, China, Cryptocurrency, Digital Currency, People's Bank of China, Transparency | 0 |

Blockchain work continues apace in China. Its central bank opened a digital currency research institute, shortly after releasing new details about a forthcoming five-year development plan in which it specifies a development push for new technologies such as blockchain and AI.

A blockchain research lab is also being set up in Shenzhen by a group of research institutions and Zhaolian Finance, one of the largest firms in China’s consumer finance sector. The aim is to investigate the potential for blockchain to combat fraud.

And the Bank of China announced that it is partnering with Tencent, one of the country’s biggest internet companies, to create a joint research space aimed at investigating the potential role of blockchain technology in financial applications.

Source: CoinDesk.com

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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