China believes blockhcain is the fourth industrial Revolution

[piebeyb]

I still believe every country has something that is very much favored, of course, pushes the technology, whether it is blockchain so stay focused on the future now, I see this technology is growing now and easily accepted by the people

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[Israel712]

Blockchain is the future today. A more secured technology, and an encrypted trading platform that allow data to be stored continuously. It is a 4.0 technology that seek to build trust in the global transactions.

[gayletot]

china is slowly searching for the blockchain, maybe they already know it, and they are ready to enter the country crypto.

[Blackpanther399]

Most countries in the world believes in the power of blockchain technology and having China believe in it is a big boost. Blockchain is a great innovation and the world needs to embrace it. This is indeed a fantastic news

[vnck25]

I think China is right on the spot! Blockchain technology is extremely useful and versatile! I think any business would see how important it is and would embrace or use it to improve their business. As a result, cryptocurrencies are also here to stay and there are many use cases as well as future applications that are still on the drawing board! I am very optimistic about a future based on Blockchain technology and decentralized currencies such as Bitcons and other alternative cryptocurrencies.

[mahibul49]

china is blockchain friendly country but they dont like bitcoin.china is well developed country so definately they will support blockchain surely bcz blockchain is the future.
and its good news for world.

[jvdp]

Crypto currency and its benefits will give the next step revolution on many forms dude. If you like to take the investment on blockchain based projects you can say you are in most secured platform you do not need to worry about the hack attacks and other issues.
Next to that you will be find currency revolution will be happen because of the crypto currencies. If this has been used postive we will be able to make the world clean we do not need to worry about it.

[brkttlv]

China is an interesting country, they announce blockchain revolution but they are also against bitcoin if china decides to support crypto currencies also, crypto markets will go further a lot. China has huge economy to any economy.

[worldofcoins]

Blockchain is the future today. A more secured technology, and an encrypted trading platform that allow data to be stored continuously. It is a 4.0 technology that seek to build trust in the global transactions.

yes, that's true. Most of our future depends on the blockchain technology and what we chose to do today will greatly impact that future.

[royalfestus]

I hate to read about China with respect to bitcoin after so much bad impact on the space, bringing bad policies to restrict the use in a country with such large population and technology oriented environment that is solely capable of driving the coin price to any height and also maintain a high volume trade that can be consistent. Whatever they want to they should just with no lengthy campaign

[eaLiTy]

I think China is right on the spot! Blockchain technology is extremely useful and versatile! I think any business would see how important it is and would embrace or use it to improve their business.

The actions from China says otherwise, what they will be planning to do is to control the blockchain technology and have regulations so that they wanted to monitor every move, the basic reason why bitcoin came into existence is to have a free trade around the world without any restrictions from governments and whether the governments like them or not we will move forward for that goal, it is a revolution that will change the entire economic structure without a doubt.

[Amanda Green]

It is a platform for insurance companies that was created in order to make the communication between customer and insurance company more convenient and simple. With this ecosystem, companies will be able to cut operating costs, create new insurance products, deal with data analysis more efficiently and many other benefits.

[realsteve]

The Chinese are not stupid people and they understand the value of blockchain as a technology. It would be foolish not to use it

Like several other nations and many corporations, they are trying to ride the thin line between being pro-blockchain but anti-digital currency. The lines are very blurred here.

[novikov433]

If to think on an industrial scale, when robots will interact with each other, then this is actually a new era of limitless possibilities, all that is necessary is to install sensors everywhere and transfer information after accumulation from one volume to another. Therefore, it seems to me that in the future robots will completely replace people, because it is easier to oppose the artificial intelligence that immediately receives commands from all sides or simply does it on the other end of the world than it tries to control people, giving each individual instructions on the physical and mental data of a person . The power of computers in this plan is completely unlimited - one computer can manage millions of instructions and nodes, a person can only perceive 1-3 teams at the same time.

[stellaekun]

Didn't know that China is friendly to blockchain

https://www.ccn.com/chinese-government-orders-faster-blockchain-development-urgently-seeking-results/

I kind of believe with this the Chinese government are working behind the scenes to make it better for its citizens, the ban should will likely be relaxed in the future.

[ethancer]

China has the biggest industry. If it accepts blockchains completely, we will start seeing that everywhere else. It will be a revolution

[dangkhoasn]

Blockchain is really developing in China. We can see a lot of blockchain projects coming from China with good quality. I also believe blockchain is the fourth industrial revolution

[Yantoaja]

In fact China has already supported the crypto, even the Central Bank of Russia with China and several other countries such as Brazil, India and the former Soviet republics have begun to create the idea of creating multinational cryptocurrency, if it is approved then 40% of the world's population will use it.
Source : https://cointelegraph.com/news/pax-crypto-russia-proposes-first-multinational-cryptocurrency-expert-blog

Bank of China Deputy Governor Fan Yifei wrote an article publishing the possibility of a digital currency to be issued with Chinese commercial agencies.
with this news will increase Chinese public interest about cryptocurrency.

[dadanpradana]

that's good news and I like that because it can raise the price of Bitcoin.

unfortunately this news was made around May 2018, if made now it might be better lag. I hope .

[Snaic]

Didn't know that China is friendly to blockchain

https://www.ccn.com/chinese-government-orders-faster-blockchain-development-urgently-seeking-results/

Yes, China, like all other countries, fully endorses the promise and advantages of blockchein technology. Now in China, the largest number of patents for the introduction of blockchein technology. Although the Chinese government is showing solidarity with the rest of the world. On the introduction of crypto currency, the Chinese government holds its opinion that decentralized crypto currency is a threat to the existence of the economy and therefore developed a two-year program to completely ban decentralized crypto currency. They are developing their own approach to cryptovoltnosti and while it is still very difficult to understand because of conflicting actions in this area. In general, we should recognize that the isolated position of the Chinese government in other areas of management has brought China a good success in its development and it deserves respect. So let them experiment. If its own path in relation to the crypto currency is dead-end, China will return to us.