Why is China giving importance to Blockchain?

[Usafstar]

I have read many articles about the block chain and it's impact on the world so finally i realize that block chain technology is the new technology which linked the world currencies to the one currency and that is crypto and i hope that China is giving importance is good for the future of crypto and if they don't realize that bitcoin is valuable to them, and China will be the first one who will allow crypto for future and it is the future to every person if they realize it and keep this with them.

[bots1]

I think because China is a big country with rapid technological development, besides mining in China, is also quite large compared to other countries. Although yesterday had banned Crypto but finally re-legalized Crypto, see the link: https://news.bitcoin.com/regulations-roundup-shenzhen-court-recognizes-bitcoin-coinbase-lawsuit-dismissed/

[Micerker]

China is home to the world's most massive whales, with whales that have a significant influence on Cryptocurrency. It can see that China is an integral part of Cryptocurrency and its existence depends on China.

[EllenSmith]

China  is an ambitious country, they never see enough, so they will take advantage of all that can benefit them. And Blockchain is no exception, they appreciate it and use it effectively in their lives to make improvements to human beings.

[ClassyDancer]

China is a tech enthusiast. Are you aware that they want to be the world leader in artificial intelligence? So it’s not surprising they would adopt something as revolutionary as blockchain technology. I won’t be surprised if they find ways to merge both technologies.

[princeyeboah]

Blockchain can be utilized in several ways to bring solutions and that is what the Chinese want to do although the government is not in support of Bitcoin. I would not be suprised if China retrace its statements against Bitcoin some years to come when they realize Bitcoin is booming in different countries.

[teejayrichard2]

china is a country that believes so much in technology, that is why so much money is spent on research and innovations. They have seen the benefits which blockchain has to offer and are willng to adapt and make proper use of it.

[mmo4me.2016]

China has a lot of development groups related to Blockchain! China has the largest population and occupies a large proportion. So! It will affect anything that is happening in this world!

[pinoyden]

no they dont , for your information china is verry strict country and recently i heard a lot of bad news regarding banning cryptos on china . that is why i dont really think that they are giving importance to blockchain or in cryptos because they are too selfish , they only think about thier selve's  . anyway , china isnt a loss to cryptos/blockhain because there are still a lot of countries that still accept and legalize the use of cryptocurrencies .  one of those is our own country , we give importance to cryptos/blockchain because we know that it can give us a good future .

[maman567]

China is the first country have allowed for using bitcoin as transaction payment, China have more stronger power for giving space to bitcoin and altcoin become to higher price, many investor come form China and make bitcoin and altcoin are popular in the world.

[Dana-pasar]

China is a country that always accepts anything if it has advantages for its country, such as bitcoin which has many advantages for its holders, and also blockchain

[Layers318]

China is one of the industrious countries when it comes to business. It is seen as the opportunist country, always already to capitalize the least opportunity at their disposal. Although China has banned Bitcoin, it still sees greatness in Blockchain and intends to utilize it for the betterment of their economy.

[sinkfish]

well given the population there. anything can be seem important.

[AutoBlockX]

China has always been a fast-paced country that always ready to adopt new changes. This is why it is also welcoming blockchain technology. Both businesses and common individuals realize its potential and this is why they are trying to understand both the concept and the many applications it can have. I think its safe to say that China will be one of the first countries that truly start using the blockchain and crypto in reality.

[378budiman]

Chinese people feel well received by the blockchain lately! The Chinese government is very dislike of cryptocurrency in Bitcoin, but they really like Technology which will be the future of digital money technology.

[ICOMain.io]

China is a major player in the Bitcoin market, hosting a substantial share of Bitcoin miners (in 2017, it was estimated that 50 to 70 percent of Bitcoin mining took place in the country) and Bitcoin trading volume, although both factors used to be more impressive before a wave of regulatory suppression. At the moment, cryptocurrency trading is prohibited in the country: after the last fall’s crackdown on local exchanges and ICOs, people in China can hold cryptocurrencies, but cannot legally exchange them for fiat money.

[Afnan_faizah]

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/

We can't ignore that blockchain is very usefull to be implemented in various data recording activity as the file is spread to many computers. I hope china also make a good regulations for bitcoin and other cryptocurrencies.

[Ragnar143]

 Because of the technology and the potential of it being used in many things and it is profitable.

[Shimmiry]

Because blockchain is very good to apply or also used in data collection and it is very important for future progress and should country all over the world also better use Blockchain technology.

True. Because blockchain has the potential that every country needed to stays having a stable economy or even a rich economy. Blockchain and bitcoin is something that will help everyone to have a better future. Something that will lead us to equality with efficient and effective life.

[BagzMM]

I think it is because Chinese are born as business minded. They are inclined with the innovation of technology.That's why they can adapt and develop blockchain technology.