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Author Topic: Why is China giving importance to Blockchain?  (Read 319 times)
stayeduptolate
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July 23, 2018, 07:42:40 AM
 #61

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 all are aware with the earlier status of bitcoin that how much it was criticised and there was no one who wants bitcoin to be legalised any where but as soon as people come to know about the bitcoin and it’s po then they started approving it and then the time has come when many countries has legalised bitcoin in their nation and has made bitcoin transactions legal in their nation and the same is with China , earlier China was in against of bitcoin but now it is very enthusiastic with the Blockchain technology.

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July 26, 2018, 11:01:22 AM
 #62

China was giving importance to blockchain it simply because they know that it can help them and to their businesses. Chinese people are not easily involved in anything that they knew that it couldn't give help to them.

Fair point. And that's true for everyone because no body ever gets involved in such a risky market without having the confidence that it would benefit them in the future.

It is well known that China is one of the largest emerging markets, part of this is due to the fact that they are somewhat quicker to adopt new technologies that might eventually set them apart from the rest of the world.


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yayat
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August 10, 2018, 03:44:17 AM
 #63

One of the root causes why the Chinese want to take advantage of Blockchain technology is of course money. Chinese are what I say a natural born businessmen and they have an eye for oppprtunity. Just take a look at how some local Chinese companies are creating their own version of the products seen in Kickstarter websites. This is what they are also doing with Blockchain as they know that this has a potential to give them a lot of money in the future.

Really friends, they are very agile to see opportunities that produce money.
We can see that they are wandering everywhere. And in my country, most of the entrepreneurs are people from China.

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August 10, 2018, 03:53:52 AM
 #64

yes, China is smart and they are trying to be the pioneer of adopting blockchain tech to almost every field possible.

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August 10, 2018, 05:30:25 AM
 #65

China is giving importance to Blockchain because China is home to the most Blockchain patents in the world, gradually defeating global economies like the United States and Japan. In addition, the Chinese government has spent $ 1.6 million on the Blockchain Foundation to promote more projects in the encrypted space.
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August 10, 2018, 05:48:34 AM
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China is a strong country and takes a high position in development, and to become an even more developed country with a strong economy, one must keep pace with the times and develop new technologies.
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August 10, 2018, 05:53:09 AM
 #67

The Chinese government is very. highly appreciated blockchein technology, although it negatively relates to decentralized crypto currency. Now in China, the largest number of patents for the introduction of blockchein technology. Therefore, the government in every possible way encourages the introduction of this technology. But on the other hand, there was information that the Chinese government has developed a two-year program to completely ban decentralized crypto currency and its first phase is completed in June next year. Until now, it is a little incomprehensible that the Chinese government is going to offer instead of decentralized crypto currency. After all. this vacuum vseravno need something to fill the bulet. Simply prohibiting crypto currency will be ineffective.

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August 10, 2018, 06:36:58 AM
 #68

I am generally amazed and admired by Chinese and Japanese manufacturers and developers, they have always been the first in the industry, even if you remember who started to accept bitcoin ?! Japan )
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August 10, 2018, 08:50:18 AM
 #69

Decisions based on the blockchain will become even more viable due to the high-tech updates supported by the Chinese in the field of supply chain management.
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August 10, 2018, 09:01:23 AM
 #70

Perhaps, the Chinese government wants to confront bitcoin, they want to deal with bitcoin, and they care more about blockchain technology because they want to create more technology like it. If they do that, they will create cryptocurrency based on the technology they create.
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August 10, 2018, 09:21:53 AM
 #71

Recent moves by China show that the country has begun to change its approach to the world of electronic money and blockchain technology.
China has led the world in the number of blockchain-related patents - 225 patents, followed by the US with 91.
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August 10, 2018, 09:32:40 AM
 #72

China is one of the leading countries around the world and they are giving importance to Blockchain there must be some thing big that they can predict but other countries can't.
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August 10, 2018, 09:37:21 AM
 #73

Yes, China attaches great importance to new technologies, but the chainblock without token incentives is incomplete. I think it's very contradictory for the Chinese government to worry about not controlling resources well when it wants to develop new technologies.
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August 10, 2018, 09:41:12 AM
 #74

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 is one of the leading states when it comes to tech innovations, I'm sure they don't want to miss on blockchain that represents great change when it comes to databases.

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August 10, 2018, 09:42:04 AM
 #75

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/
Chinese people are openminded. Thet like blockchain technology because they see something with this that will help improve their country for sure.
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August 10, 2018, 10:10:49 AM
 #76

China does not have any desire to pass up a great opportunity for any huge innovation incline, as they put huge in man-made artificial intelligence/machine learning since it is an undeniable wagered on the future and a moderately low hanging organic product. Blockchain technology saw its first official mention in China in 2016. In addition, Blockchain is seen to be one of the key innovations that could help China to lead in the digital economy.

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August 10, 2018, 10:13:12 AM
 #77

One of the root causes why the Chinese want to take advantage of Blockchain technology is of course money. Chinese are what I say a natural born businessmen and they have an eye for oppprtunity. Just take a look at how some local Chinese companies are creating their own version of the products seen in Kickstarter websites. This is what they are also doing with Blockchain as they know that this has a potential to give them a lot of money in the future.

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August 10, 2018, 10:45:33 AM
 #78

          Blockchain is the best known technology in Bitcoin since China wants to be the World's top one in technologies they give importance to Blockchain technology .The 13th five year plan of China they have decided for the development of Blockchain technology from 2016 to 2020 . According to the Chinese researches they claim that The majority of the blockchain projects have a short span of life .While China banned  ICO's  and  crypto  trading in the country they seemed enthusiastic in Blockchain.

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August 10, 2018, 12:10:55 PM
 #79

Chines peoples are too smart and they never do anything without any reason, china is not accepting bitcoin and other cryptocurrencies but they are interested in blockchain technology because they are planing to launch their own cryptocurrency against bitcoin so they can attract more investors and that will be helpful for chines Economical growth.
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August 10, 2018, 04:45:58 PM
 #80

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/
This is one of the reasons why I believe that bitcoin would not be the first plate cryptocurrency above all because countries will sooner or later understand that cryptocurrency is not all about Bitcoin, there are so many others.

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