Why is China giving importance to Blockchain?

[djhonson196]

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/

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[Crypto.mgt]

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.

[Theb]

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.

[jose111]

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.

Knowing Chinese people they are very careful to make decisions specially when regards  to money matters. There are true  businessman and businesswoman. They prepared to live with a priority of business making. They are not easily involve or undergo in any system that they not absolutely sure what it is.  I believed also that they will see the brighter future using a blockchain technology and it will help it to their businesses.

[leostrong.mo]

The reason why blockchain is highly sought after, based on blockchain technology can not be tampered with, traceability. Can solve the trust problem in daily life!
China is a populous country. The development of blockchain technology can reduce a lot of capital and operating costs, and increase transparency and office efficiency.

[Meysa_richa]

It is true that China is very enthusiastic about Blockchain technology, because I think blockchain is a very advanced technology and it will be very useful for the future and progress.

[pocket_lck]

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.

[mcabrito]

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.

Yes, china will not pass this great opportunity of earning huge profit by supporting and using it. I think this is the outcome of how they want to regulate the cryptocurrencies and they already discovered huge potentials.

[rodskee]

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 blockchain as part of new technologies gives benefits for the country to growth their economy stability using the computer science how to make fast every transaction because of the blockchain.

[Whibu]

It's true and I think their level person is very understanding and knows about future progress using Blockchain technology, and that way they are very enthusiastic in Blockchain technology.

[BigWinner87]

because blockchain technologies help to solve many problems and built better and fairer things!
china is a cleaver country! the Banned cryptos in order to not permit their capitals to comes out the country but they still want the technology behind all of it!

[drmilind2004]

Not just China, every major country is paying attention to the possibilities of Blockchain. It's like 'Internet 1993' replaying at a screen near you; and you don't want to miss out on all the goodies on offer.

That said, they make a sharp distinction between blockchain and Cryptocurrency. Putin has already stated that Cryptocurrency is incompatible with the concept of a national, fiat currency. That's the road the rest of them will be following, especially the 'hard state', nationalism-minded ones.

[Haxor321]

China was giving importance to blockchain it simply because they know that it can help to them and to their businesses. Chinese people are not easily involve in anything that they known that it couldn't give helps to them. They smart enough and born to be a business owner so they know what will be the best for their businesses. Blockchain can gives a lot of benefits to them and it can make their businesses much successful because of it.

[CryptoVerseStudent]

Because Chinese people always seek for opportunity, the reason why they are Interested in Blockchain is because of the technology and the potential of it being used in many things and once it does, it will be very profitable.

[nonconformist]

Because China and Chinese people, especially those who came first to bitcoin and mining it are forward thinking. They think about the future. And saw the benefit and the role bitcoin will play in the future while other people and countries are catching up. That is the reason why in the future, it is definite that China will be the number 1 super power. The US is in decline. We will see in a decade or two.

[Getcoinsite]

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.

Perfectly right mate,Chinese is known to be silent but dangerous as they are competing the world with innovation and technology,and with blockchain they know that  being number one will come near to them not like japan that adapt cryptocurrency specially bitcoin,chinese will only use this technology for their innovative plans and no interest in cryptocoins.

[xaviervilla]

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/

The reason is pretty obvious. It is because the block-chain technology itself has the potential
to change the world and how we see monetary usages. I believe that one day, there will be
countries that would be creating their own cryptos that are fully centralized to enjoy the
benefits of being in a block-chain technology without the risks of money laundering or crypto
related crimes that are hard to solve.

[pooya87]

The Chinese government may not like cryptocurrencies or in fact Bitcoin, but they sure do like the Technology it is based on.

that's a no-brainier. anyone who is in the midst of the power of the centralization is not going to like the decentralized currency which is bitcoin. it has nothing to do with China or any other country. the only important thing is that bitcoin is free to be used in China.
as for blockchain technology everyone likes that because it is not only a new and good technology but also it is hyped up so when you use it you can benefit from that hype too.

[Olalomi]

China is gradually catching up with the leading world technologies that is why they are giving importance to Blockchain of course they knew the impact of this technology as a solution to the societal problems and they will try to harness and tap all the key areas and deploy it as a solutions to those problems.

[aileenc]

China is thinking more forward than the other countries. China sees the benefit and the role bitcoin will play in the future.