China is the leader of the blockchain?

[Luke NY]

Today, China occupies the first position in technology, the global economy, so it is not surprising that he wants to become one of the first in the blockchain, because there he invests huge funds and efforts for this.

[vertinfos]

Well, China is clearly the leader even if you look at the pool of bitcoin mining then there is one China, and in terms of trade and exchanges, China is also the leader.

[micairvas]

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?

It's great that China invests in cryptocurrency. This will certainly help the current economy. In general, I am sure that China can become a leader in cryptocurrency.

[DonnieMitchel]

this is more like a strategy. the banning and unbanning game

[BCTS]

If China really begins to engage in blockchain technology, we can definitely expect that in a relatively short period of time they will become monopolists in the world of crypto-currencies. China now occupies one of the leading places, but if it really starts to deal with cryptocurrencies, they will become like Bitcoin in the world of cryptocurrencies.

[dodgrad]

It depends on what you mean, when it comes to implementing blockchain technology for normal life, I think it's not going too well, but when it comes to minning power supporting the blockchain network for Bitcoin, it's definitely the first place in the world!

[lotfipro]

Yes, China is very powerful and strong country. They invest a lot in crypto economy and blockchain technologies at all. So China has a lot of chances to become the leader in blockchain.

[slashz9]

i think nobody can control like you mean leader, but if you say china investing 6 billion dollar, i agree with that.
as we know asia is the most biggest investing in crypto, they hold about 60% from marketcap.

[Dobby070]

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?

No I guess, not really. China will just accumulate too much of the market cap of the cryptocurrency in the blockchain, and if they didn't invest, or just improve the blockchain, still, they can't be considererd the leader of blockchain since they have no total control of its protocol.

[Dilireba]

China is the leader of cryptocurrency, they have Bitman, the biggest mining company in the world, they also has NEO, one of the biggest cryptocurrency, many cryptocurrency projects and exchanges are run by Chinese, like Binance, Kucoin, Bit-z, etc., although their head offices are in other countries, they're run by Chinese.

[ScarletSnow]

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?

Hello where is you're source? I hope this kind of speculation should be backed up by a fact that everyone can see. If China will invest in blockchain then it's good actually. Knowing them they will enter it as it one of the profitable industry and they are really business minded since they decided it when the bearish has really happening. It's a perfect time to accumulate coins and tokens. If the Chinese will invest surely the prices of tokens and coins will recover.

[Python Master]

Yes i agree with you. China is a strong country and they are the leader of blockchain technology, they've built many blockchain cities to support blockchain and cryptocurrency companies.

[trudovik]

What they invested does not say that they are leaders, such technology needs time to show who is the leader, but I have always admired China and so they quickly learn new technologies while others are just watching !

There is absolutely no doubt that today it would probably be best to begin the process of understanding that China is really the place where people find it difficult to invest, because there is always something very strange with prohibitions.

[Irvinn]

In any case, there was information that the largest number of patents for the introduction of blockchain technology was issued in China. It already says a lot. Most likely that the way it is. However, the results of the introduction of blockchain technology may occur much later. However, already on this fact and the fact that more than six billion dollars have been invested in the blockchain technology in China, one can judge that China is indeed the leader in implementing this technology.

[UnDerDoG81]

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?

It's great that China invests in cryptocurrency. This will certainly help the current economy. In general, I am sure that China can become a leader in cryptocurrency.

The information technology industry in China is currently undergoing strong development in the jurisdiction. I think blockchain is not out of this portfolio, no matter what people think they are forbidding crypto and exchange, but it's not that they will not develop it.

[elcoblast]

What they invested does not say that they are leaders, such technology needs time to show who is the leader, but I have always admired China and so they quickly learn new technologies while others are just watching !

that's right china, in china people learn fast and quickly about new technology of course Blockchain too, that's why op think china the eader of the blockchain industry, but like china Russia and Korea investing much money in blockchain industry

[Gab20]

There are so many other countries that are now trying to to integrate blockchain into their system. So we cannot yet conclude, if we should give that to China, because  they are all working on it and some are planning to do the same.
Well, China has been a prominent country when it comes to blockchain technology.

[tonibyuzen]

In my opinion, China is making the right steps, because the blockchain is the future. But Chinese projects have nothing to do with the government and even though the Chinese like to support the products of their compatriots, I still do not see an advantage over competitors. If we compare the Ethereum platform and the Chinese analogue of NEO, the Chinese platform has not received proper application and recognition among ICO projects. This is largely due to bans within the country.

[cepot9]

My thoughts on China are that they have such a big goal of becoming giants in the world in any field, such as electronics etc. even the China blockchain wants to be its king.

[AlphaGoo]

Why do you say that? I don't know China but I know it is a fast growing country. I don't believe that China will become a leader. The US is still very strong. Japan's technology is also very strong, so I don't think it will become a reality.