China is the leader of the blockchain?

[ArturoProfit]

The Chinese authorities have invested about $6 billion in the development of the blockchain this year. Does this mean that China will become a leader in this area? Will the projects of Chinese companies increase in price or remain at the same level?

[patz22]

That's a lot of money. Can you give me a link for that news?
Well, China is very dominant in this industry actually in any sectors of business they will get into it as long as their economy will grow and that's the good thing about them. They will fund anything that they knew that they will get something from it even with small profit.

[Deallove9]

With their ban and unban of crypto , I see them not knowing which way to go and they are very large population which is very unique when we talk about getting involve in any business activities so if they are leading I will not be surprise but the way their government is going about banning crypto or not is just a very confusing step and if they pull out the market will surely survive without them.

[cizatext]

You should attach a link when ever you want to share news in this forum since all information will be subject to verification as long as it not your own personal contribution. Back to the topic China has been the hubs of blockchain technology and it usage in time past China have open up it economy to the development of different projects on the blockchain network.

[batang_bitcoin]

Chinese has been one of the big market leaders for crypto's.

They hold around 77% of hash network for mining bitcoin so this isn't a surprising fact(if it is) if they are also into blockchain technology. I would like to see also the link for this.

[Mang Li]

The Chinese authorities have invested about $6 billion in the development of the blockchain this year. Does this mean that China will become a leader in this area? Will the projects of Chinese companies increase in price or remain at the same level?

i believe the project of chinese companies will increasing on price if the team from the project serious on development my friend
because in my opinion, the key is in developments and support from the community 

[Thomas-s]

China will definitely be a leader in this field, as in others. I assume that in the next 5-10 years, China will become the leader in almost all areas.

[Who I]

The Chinese authorities have invested about $6 billion in the development of the blockchain this year. Does this mean that China will become a leader in this area? Will the projects of Chinese companies increase in price or remain at the same level?

In China a lot of fuss. They then prohibit cryptocurrency, then allow. The again prohibit. Even though they invested such a sum in the blockchain, I think it's for their own benefit

[kidbounty]

in my opinion, China has long been one of the crypto leaders. because each country makes a statement about cryptocurrency, the market will certainly be volatile. like last year they banned ICO and closed several large Exchange. at that time the market sentiment towards the problem had a significant impact on the market.

[charlotte04]

The Chinese authorities have invested about $6 billion in the development of the blockchain this year. Does this mean that China will become a leader in this area? Will the projects of Chinese companies increase in price or remain at the same level?

Even though China has a lot of money to put inside crypto it is still not enough for them to control and take it since the blockchain technology is worldwide.

[caffu chino]

The Chinese authorities have invested about $6 billion in the development of the blockchain this year. Does this mean that China will become a leader in this area? Will the projects of Chinese companies increase in price or remain at the same level?

maybe yes, but not all projects from China have good quality. so it's not a benchmark for assessing a project.

I see China has a big influence on crypto, all of its policies will definitely have an impact on the market.

[hesham51]

I don't know from where you have brought this news, but investing this amount of billions will not give power to China,but to the companies and the community.

[Oilacris]

The Chinese authorities have invested about $6 billion in the development of the blockchain this year. Does this mean that China will become a leader in this area? Will the projects of Chinese companies increase in price or remain at the same level?

We cant really deny that a certain country which do have big allocation on such development would really get the position to the top but it doesn't mean that it would already be considered
to be the leader. Each country do have significant reasons on such adoption and rates wont really matter on how big or small it is.The important thing is that they do consider it out.

[ityandsyn]

The Chinese authorities have invested about $6 billion in the development of the blockchain this year. Does this mean that China will become a leader in this area? Will the projects of Chinese companies increase in price or remain at the same level?

       This can be true because China is one of most progressive country as of now and most of the company are new so there is the opportunity to use blockchain technology  since by using blochain , it saves money because it process faster and have a ledger that leads to be easy to monitor every transaction made .

[trudovik]

China is now very interested in the blockchain, as far as I understand that today China has invested a lot of money on the development of blockchain in China. I think it will give great opportunities for the Chinese.

[Febo]

The Chinese authorities have invested about $6 billion in the development of the blockchain this year. Does this mean that China will become a leader in this area? Will the projects of Chinese companies increase in price or remain at the same level?

Nope. By far most crypto countries are EU and USA. Japan and China comes after them.

[Bharathi13]

china is already a leader in blockchain industry as the china have major dominance on top cryptocurrency like bitcoin, ethereum, EOS etc and the rise of the chinese ICOs in the markets like wanchain, ontology, NEO, Vechain and so on. China holds major dominance on Bitcoin and ethereum mining with companies like BITMAIN & 13 out of 21 block producers of EOS blockchain are from china only.

[pixie85]

For that to happen the government of China would have to change. They have great scientists and a lot of smart people who would help them adopt and develop this technology but they have their hands tied because the government is abusive. It makes everything slower and harder when you need to ask for permission at every step. I don't get why people in China don't stand against the government and allow themselves to be pushed around.

[Script3d]

The Chinese authorities have invested about $6 billion in the development of the blockchain this year. Does this mean that China will become a leader in this area? Will the projects of Chinese companies increase in price or remain at the same level?

yes if they can produce a good product, then no if they cant, investing a large sum doesn't always yield a good result, but there's barely a good coin by product and not by hype, its really hard to say but my answer will be no.

[raden1922]

I don't know in detail about this news (China leads on the blockchain), but $ 6 billion I think is a very large amount of investment. If you have this news source, please share it here so that we can all see and read the background. Thank you in advance.