Why is China giving importance to Blockchain?

[iMark]

China government investing a lot money in digital world. I am believe they sees blockchain technology as an opportunity to expand their services and bussiness. Blockchain technology increasing eficiency and its cost less.

Yeah you're right, the Chinese government might have realized how beneficial it is to use blockchain technology for their business.
and I don't think it's just China, in my country there have been a lot of seminars about blockchain usage, and it's been publicly distributed

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[ranman09]

Chinese will want to have a bit of everything and then be good at it. Examples are the great technologies from Germany and Europe. They imitate it and let Germany and Europe verify and test it.

In these kinds of technology, large countries like China wouldn't just wait, they would want a piece of the cake.

[andylioe78]

In China, the first time Blockchain Technology was launched in 2016, the largest investor in the world is in China, so China is considered the most influential country in Cryptocurrency.

[bigdude]

https://twitter.com/cnLedger/status/1055623228335378432?s=19

Chinese court confirms Bitcoin protected by law. Shenzhen Court of International Arbitration ruled a case involving cryptos. Inside the verdict: CN law does not forbid owning & transferring bitcoin, which should be protected by law bc its property nature and economic value.

that twitter is bsacily saying china doesnt ban btc doesnt it
seems lot of interesting thigns are setting up

[Red_Evil]

because blockchain technology is very safe and very transparent so it should be interested in blockchain technology, and cryptocurrency should be able to be used to benefit their country rather than ban it and now bitcoin has also been accepted in China.

[ghost424]

Blockchain is basically revolutionary. It is mostly used in security and now it can be integrated into a lot more. We can see different platforms that use Blockchain as their building blocks and they continue to develop their platforms by further studying what Blockchain can do. China has one of the most advance technologies ever developed and they are utilizing the use of Blockchain in different platforms.

[Dextract]

So that they can squeeze a high tax rate on the incomes

[Kurevazeyo]

China wants to have their hands on all the new technologies.  They want to make sure they don’t fall behind the Western countries.  There is a race towards global dominance and the Chinese want to be part of that conversation. 

I think China knows the positive side of blockchain technology used by bitcoin, which can be used in all areas of life by increasing efficiency and eliminating corruption. Because these two elements make the competitiveness of Chinese products increasingly competitive throughout the world.

[keanne_isaac]

Chinese has been feeling very enthusiastic about blockchain lately!  The Chinese government may not like cryptocurrencies or in fact Bitcoin, but they sure do like the Technology it is based on.

Know more what China is doing with Blockchain https://www.globaltechinsights.com/blockchain-bitcoin-whats-happening-in-china/

Because China foresee that block chain would be the next revolutionary technology in the virtual space and they want to maximize its usage to boost not only their economy but show dominance in the world in terms of block chain usage.

[1993jochico]

Because they know that it is a good technology, china wants to be one of the top countries that will be consider as early adoptors because they know that it can help their country to be wealthy in the future.

[larrylegend33]

If China is doing something probably it is in right way.. I have been in China and saw the how the people work and saw their patience with passion. So they can do anyhing. If you look statisticly it's the same. The China has holds %29 of world bitcoin in their hands and it is enormous ammount of percentage for one country. I believe that their interest for the bitcoin and the cryptocurrency will raise and they will lead the world on this like many other things..

[evenbonton]

China is giving importance to Blockchain because China is home to the most Blockchain patents in the world. Enterprise and mind of the Chinese can serve as an example and China has always been fighting with cryptos and they decided to regulate it in a hard way.

[Tommycr7]

There is a market that has been neglected by the community for a long time. And that is the Chinese ICO market. However, do not blindly hurry to invest immediately, please patience to read to see why this is a gold mine has been buried long ago. The evidence is that some projects can be seen as extremely potential coming from the Chinese market. This article also provides an overview of the Chinese blockchain market. We may be familiar with the big men in the West such as Y-Combinator, America Express, etc. When these companies announced their cooperation, they started to make a big impact. But, there are similar giants in the Chinese market that most of the community does not know. Therefore, in order to accurately assess the value of these projects, we should also have a certain understanding of the Chinese market.

[ganlianshifu1]

Governments are beginning to recognize the potential of blockchain technology in the security arena
Not only does China value the blockchain, but the whole world values the blockchain!
Blocks can change our lives!
Whether from the government or the enterprise, the interests of the blockchain are enormous.

[dmamigo]

Not only China, but many other countries are also praising this technology. Our country might have banned fiat-crypto trading, but even then they stated how important it is and can it be in the upcoming future. I guess every country which might have restricted the usage somehow maybe because of increasing frauds and scams, to maintain and safeguard their citizens, but also possibly to impose a tax on it. I think they were never against it.

[Iambatman]

Cause i think they a lot of potential in blockchain so that's why and we all know in the near future blockchain will be the one we are using

[mirawantirinjana]

even though the blockchain technology base is not in the country of China but Chinese citizens are very interested and they deepen their knowledge about blockchain technology, so those who are smart are very influential on the development of blockchain technology.

[Eminem23]

I think you overestimate the clock, most likely with their help will dig up to a new level of complexity and all, again will barely dig. For the first time and possibly much kneeling, but then again will recover and will grow if nothing bad will happen.

[rickyNmorty]

Chinese has been feeling very enthusiastic about blockchain lately!  The Chinese government may not like cryptocurrencies or in fact Bitcoin, but they sure do like the Technology it is based on.

Know more what China is doing with Blockchain https://www.globaltechinsights.com/blockchain-bitcoin-whats-happening-in-china/

I think because they see the potential of cryptocurrency. Or the blockchain. But the bitcoin is not the thing they like because Chona wanted to be dominant in all aspects that is why they think that of they create their coin, it will bring them on top. The Chinese government see how enthusiastic their people.

[sinkfish]

Chinese has been feeling very enthusiastic about blockchain lately!  The Chinese government may not like cryptocurrencies or in fact Bitcoin, but they sure do like the Technology it is based on.

Know more what China is doing with Blockchain https://www.globaltechinsights.com/blockchain-bitcoin-whats-happening-in-china/

China always put high priority to technology. they heavily rely on tech to empower their economy and control over their population.