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Author Topic: Why is China giving importance to Blockchain?  (Read 358 times)
stiffbud
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August 10, 2018, 05:14:18 PM
 #81

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/
That's the reason behind them banning bitcoin as they like blockchain but they don't like bitcoin because the Chinese government couldn't control bitcoin so they cribbed it out and just adapted what they liked that it the blockchain. That's also worse than India as it has just banned the banks with dealing with the virtual currencies and not the virtual currencies themselves. So there is some room for acceptance of cryptocurrencies in India via peer to peer method of selling or buying crypto.

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August 10, 2018, 05:26:09 PM
 #82

Its very good to see that China is supporting blockchain technology. Its a good step in the tight direction as this is an innovative technology that is set to change the world. This is a good news for blockchain as a whole
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August 10, 2018, 05:51:29 PM
 #83

China in that kind of country who give importants to only those subject which bring benifits or become a great future and i think they got this quality in blockchain.
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August 15, 2018, 12:26:02 PM
 #84

Chinese want to take advantage of Blockchain technology is of course money.  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. and may be they will use blockchain technology in artificial inteligence to make many things and make their economy stronger.
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August 15, 2018, 12:29:29 PM
 #85

because China understands the true stumbling block chain and the whole uniqueness of the mechanism of its work and the simplicity of its work and use!
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August 15, 2018, 12:36:46 PM
 #86

china want to deal with blockchain and want to become the leader of the blockchain they are giving a rating for all blockchain technology coins and tokens and observing closely we can expect govt supported blockchain projects
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September 14, 2018, 03:32:07 AM
 #87

China acknowledges the decentralization of pre-coding as a threat to the financial and monetary systems, but the Chinese government is still working to fund local Blockchain projects because They have captured the technology of Bitcoin. The Chinese government has repeatedly stressed that Blockchain technology has the potential to disrupt the global financial architecture. They acknowledge that Blockchain is a breakthrough technology that can revolutionize a wide range of industries including finance.
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September 14, 2018, 06:04:41 AM
 #88

Not only China but all countries are starting to enthusiastic about blockchain, the governments like the technology because it can help a lot of dispute, and it can be used to proved a transaction, the technology got a lot of potential that can be used in a lot of sectors, the government love the blockchain but not crypto currencies

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September 14, 2018, 06:46:45 AM
 #89

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 one of the reason is china has a very large community in crypto. Their possesion with cryptocurrency or bitcoin is one of the biggest.
So i think china will be the benchmark of the crypto in this world

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September 14, 2018, 07:11:14 AM
 #90

Even if some countries hate cryptocurrency, they can't deny the fact that blockchain is the future. You can integrate blockchain into almost every business in the world without using cryptocurrency. Hyperledger is an amazing technology.

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September 17, 2018, 08:15:10 AM
 #91

china want to become world leader in blockchain and they are working on it by providing all information on crypto currency beneath blockchain technology
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September 17, 2018, 08:41:35 AM
 #92

block technology was born and has contributed significantly to the development of science and technology as well as help to manage the hierarchy better.
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September 17, 2018, 08:44:33 AM
 #93

I think that the Chinese just understand the prospects of technology and try to implement it.

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September 17, 2018, 09:12:30 AM
 #94

China is a country that dares to change. They see in the blockchain a revolution and they cling to it. The Chinese understand that this new revolution is scary for many countries, these countries do not dare and do not want to change. The economy must remain under the control of the government and hinder this new revolution. People have understood this and are increasingly interested in cryptocurrencies. They understand that they can become independent and that the banks will no longer have the power. A lot of law is starting to be created to be able to keep some control. China has understood for a long time that change will be mandatory and they are working hard to be the first.

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September 17, 2018, 09:20:43 AM
 #95

Some time ago, the PRC government took a wait-and-see attitude towards the blockade and crypto-currencies, but today the People's Bank of China not only conducts developments in the field of blockade, but plans to issue its own crypto currency.

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September 18, 2018, 08:29:20 PM
 #96

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 know that bitcoin is a decentralised crypto currency and thus there is no such proper authentic regulating body over the bitcoin who could keep eye over the bitcoin activities and more specifically the illegal one and thus most of the countries are hesitating in legalisation of bitcoin in their nation but still there are few countries who has understood well the fate and potential of bitcoin and legalised bitcoin in their nation and now experiencing a great boost in the development of their nation and I think that is why China is also showing interest in Blockchain technology.

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September 18, 2018, 08:53:12 PM
 #97

I think that it is a good sign because China is a country where they know the real price of innovations. To my mind, this is a great system and soon it will be used everywhere. I think that Chinese understand that it is a smart technology

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September 19, 2018, 01:46:52 AM
 #98

It's all about money because business is already flowing in their veins since they were born. They are so good at making things from their own and also making something out from an existing one and make it more better using reverse engineering. No wonder why they are giving importance to blockchain because they know it can help them to make more money that can improve more of their economy.

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September 20, 2018, 11:45:45 AM
 #99

China is very ambitious. They want to become the center of technology of the world in 2025. At the same time, Blockchain is the future technology. So it's easy to understand why China is giving special attention to Blockchain.
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September 20, 2018, 11:46:15 AM
 #100

Not only China but almost country in the world is paying attention to Blockchain. The technology truly has the power to change the world. Blockchain has plenty of advantages over the conventional ways we store data like: Transparency, Near-anonymity, Security, and Versatility.
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