The Binance exchange , headquartered in Malta , announced now that it would open a new office in Beijing , the Chinese capital
#china
#china
⭕️ a developed country that is moving ahead of its rivals more than 10 years
A high ranking officer in the central bank of China announced that China does not intend to fight with cash by releasing its cryptocurrency. As Reuters announced on November 12, Beijing still wants to release its cryptocurrency to accompany Yuan. China will be one of the first countries in the world along with Tunisia to introduce its domestic cryptocurrency
#china #developed_country
A high ranking officer in the central bank of China announced that China does not intend to fight with cash by releasing its cryptocurrency. As Reuters announced on November 12, Beijing still wants to release its cryptocurrency to accompany Yuan. China will be one of the first countries in the world along with Tunisia to introduce its domestic cryptocurrency
#china #developed_country
⭕️ China's Dive Into Blockchain, Digital ID Spurs Rest of World to Action
News on crypto and blockchain technology is coming in abundance from China. This became especially true in late October 2019, when the Chinese President Xi Jinping called for accelerating the use of blockchain technology in the country.
#china
#Blockchain
News on crypto and blockchain technology is coming in abundance from China. This became especially true in late October 2019, when the Chinese President Xi Jinping called for accelerating the use of blockchain technology in the country.
#china
#Blockchain
🔴 Blockchain Deals Are Shifting from US to China
🔻 According to a research which was published on March 11, China is gradually taking control of the Blockchain deals.
Based on the statistics which are illustrated in this report, in 2015, US companies accounted for 51% of blockchain tech, and comparatively china companies represented only 2%, while approximately in 2019, the percentage of US companies fell to 31% and Chinese market share grew up to 22%. This proves that China is establishing itself profoundly within the blockchain firmament.
One of the experts in blockchain deals believes that “China sees the potential of blockchain for enterprise to understand better”.
#china
#Blockchain
🔻 According to a research which was published on March 11, China is gradually taking control of the Blockchain deals.
Based on the statistics which are illustrated in this report, in 2015, US companies accounted for 51% of blockchain tech, and comparatively china companies represented only 2%, while approximately in 2019, the percentage of US companies fell to 31% and Chinese market share grew up to 22%. This proves that China is establishing itself profoundly within the blockchain firmament.
One of the experts in blockchain deals believes that “China sees the potential of blockchain for enterprise to understand better”.
#china
#Blockchain
🔴China Necessitates Development of Data Security Standards
🔻China’s Ministry of Industry and Information Technology issued a document on April 10, which necessitates development of data security in blockchain.
The aforementioned document fundamentally emphasizes the development of security standards in next-generation technologies such as blockchain, 5G, cloud computing and artificial intelligence. Data privacy, secure digital asset storage and protecting network interactions are among the most important standardizations for the blockchain.
The document also underscores research on smart contracts and blockchain security in financial transactions.
#security_standads
#China
#blockchain
#standardization
🔻China’s Ministry of Industry and Information Technology issued a document on April 10, which necessitates development of data security in blockchain.
The aforementioned document fundamentally emphasizes the development of security standards in next-generation technologies such as blockchain, 5G, cloud computing and artificial intelligence. Data privacy, secure digital asset storage and protecting network interactions are among the most important standardizations for the blockchain.
The document also underscores research on smart contracts and blockchain security in financial transactions.
#security_standads
#China
#blockchain
#standardization
🔴Chinese City & Huawei Collaboration to Boost Blockchain Adoption
🔻Telecommunication titan, Huawei has been developing measures to strengthen the adoption of blockchain in China.
In this regard, Nanshan District of Shenzhen, China has signed a deal with Huawei, leading global provider of information and communications technology, to boost the adoption of blockchain.
They work together chiefly to establish Kunpeng industrial demonstration zone, to accelerate the application of blockchain, artificial intelligence, big data and 5G. People's Bank of China (PBoC) has already started testing its digital currency in Shenzhen in September. Shenzhen is an important city for the development of blockchain in China.
#china
#Huawei
#Shenzhen
#blockchain
#cryptocurrency
🔻Telecommunication titan, Huawei has been developing measures to strengthen the adoption of blockchain in China.
In this regard, Nanshan District of Shenzhen, China has signed a deal with Huawei, leading global provider of information and communications technology, to boost the adoption of blockchain.
They work together chiefly to establish Kunpeng industrial demonstration zone, to accelerate the application of blockchain, artificial intelligence, big data and 5G. People's Bank of China (PBoC) has already started testing its digital currency in Shenzhen in September. Shenzhen is an important city for the development of blockchain in China.
#china
#Huawei
#Shenzhen
#blockchain
#cryptocurrency
🔴New Blockchain Alliance Including Huawei & Alibaba
🔻With due consideration that public blockchain services play a significant role in the current world, more than 100 prominent enterprises, have joined the alliance including Huawei, Alibaba and Inspur, located in the intelligent industry cluster in Yuzhong District, China.
The Alliance desires to build an open platform for joint enterprises and blockchain communication, cooperation, innovation, and application. The coalition made an appearance in the blockchain field by announcing its public service blockchain platform, Yu Express Chain, based on Inspur Blockchain Services (IBS), to provide public services.
#China
#blockchain
#Yu_Express_Chain
🔻With due consideration that public blockchain services play a significant role in the current world, more than 100 prominent enterprises, have joined the alliance including Huawei, Alibaba and Inspur, located in the intelligent industry cluster in Yuzhong District, China.
The Alliance desires to build an open platform for joint enterprises and blockchain communication, cooperation, innovation, and application. The coalition made an appearance in the blockchain field by announcing its public service blockchain platform, Yu Express Chain, based on Inspur Blockchain Services (IBS), to provide public services.
#China
#blockchain
#Yu_Express_Chain
🔴China Launches Blockchain-Based Service Network for Commercial Use
🔻On April 25, Chinese government officially announced the public launch of the nationwide Blockchain-based Service Network or BSN for commercial use.
BSN enables blockchain projects to create and run new blockchain applications for a lower cost. Chinese government aims to accelerate the development of smart cities and the digital economy. The developers on BSN created applications to improve public welfare charity, item traceability, and electronic invoices.
China has made great efforts to bring wider blockchain adoption. Moreover, China has been working on its digital central bank currency, noteworthy to mention that Chinese banks were already testing digital yuan.
#blockchain
#digitalyuan
#China
#blockchainadoption
#technology
#commercialblockchain
#digitalcurrency
#government
🔻On April 25, Chinese government officially announced the public launch of the nationwide Blockchain-based Service Network or BSN for commercial use.
BSN enables blockchain projects to create and run new blockchain applications for a lower cost. Chinese government aims to accelerate the development of smart cities and the digital economy. The developers on BSN created applications to improve public welfare charity, item traceability, and electronic invoices.
China has made great efforts to bring wider blockchain adoption. Moreover, China has been working on its digital central bank currency, noteworthy to mention that Chinese banks were already testing digital yuan.
#blockchain
#digitalyuan
#China
#blockchainadoption
#technology
#commercialblockchain
#digitalcurrency
#government
🔴The People’s Bank of China Proposed a Blockchain Trade-Finance Platform
🔻China’s governing entities recently proposed the development of a blockchain-based trade finance platform for the Guangdong-Hong Kong-Macao Greater Bay Area. Blockchain’s decentralized infrastructure makes third-party intervention unnecessary when sharing trade info between members.
The platform would allow banks to securely share information related to cross-border trades. The proposal states that the country should build a blockchain-powered trade financing info service platform “under the premise of legal compliance and commercial voluntariness.”
#blockchain
#china
#tradefinance
#technologynews
🔻China’s governing entities recently proposed the development of a blockchain-based trade finance platform for the Guangdong-Hong Kong-Macao Greater Bay Area. Blockchain’s decentralized infrastructure makes third-party intervention unnecessary when sharing trade info between members.
The platform would allow banks to securely share information related to cross-border trades. The proposal states that the country should build a blockchain-powered trade financing info service platform “under the premise of legal compliance and commercial voluntariness.”
#blockchain
#china
#tradefinance
#technologynews
🔴China’s WeBank Announced Partnership with Singaporean Government-Backed OpenNodes as the First Move to Take its Blockchain Global
🔻China’s top digital bank WeBank has announced partnership with Singaporean government-backed OpenNodes. This partnership will allow China’s FISCO BCOS blockchain platform to be brought to Singaporean academics for innovation and new initiatives.
China’s Blockchain Services Network (BSN), connects nodes in 128 cities in the country. The network also includes 7 areas outside of China including Paris, Sydney, San Paulo, Singapore, Tokyo, Johannesburg, and California.
#china
#OpenNodes
#blockchain
#Singapore
#bank
#digitalbank
🔻China’s top digital bank WeBank has announced partnership with Singaporean government-backed OpenNodes. This partnership will allow China’s FISCO BCOS blockchain platform to be brought to Singaporean academics for innovation and new initiatives.
China’s Blockchain Services Network (BSN), connects nodes in 128 cities in the country. The network also includes 7 areas outside of China including Paris, Sydney, San Paulo, Singapore, Tokyo, Johannesburg, and California.
#china
#OpenNodes
#blockchain
#Singapore
#bank
#digitalbank
🔴Tencent Aims to Establish 100-Member Blockchain Alliance in 2020
🔺Tencent Cloud, the cloud computing arm of the Chinese internet giant Tencent, is preparing to bring together 100 organizations this year to establish the Industry Blockchain League. The organizations will work together to bring blockchain standards and development for industrial implementation. Tencent recently announced that it would invest $70 billion over the next five years in fintech, blockchain, AI, and cloud computing.
#china
#government
#blockchainnews
#cloudcomputing
#blockchain
🔺Tencent Cloud, the cloud computing arm of the Chinese internet giant Tencent, is preparing to bring together 100 organizations this year to establish the Industry Blockchain League. The organizations will work together to bring blockchain standards and development for industrial implementation. Tencent recently announced that it would invest $70 billion over the next five years in fintech, blockchain, AI, and cloud computing.
#china
#government
#blockchainnews
#cloudcomputing
#blockchain
🔴Chinese Stakeholders’ Reluctance to Share Their Personal Data with Government Run Blockchains
🔺Chinese stakeholders’ reluctance to share their privately owned data with centralized government institutions has brought about great challenges for implementation of blockchain technology in China. There are more than 30 related local governments procuring blockchain technology in China. Some of these projects have been forced to shut down in under two years due to lack of supporting data.
#china
#blockchain
#government
#technology
🔺Chinese stakeholders’ reluctance to share their privately owned data with centralized government institutions has brought about great challenges for implementation of blockchain technology in China. There are more than 30 related local governments procuring blockchain technology in China. Some of these projects have been forced to shut down in under two years due to lack of supporting data.
#china
#blockchain
#government
#technology
🔴Chinese Companies to Bet Big on Blockchain Despite COVID-19 Crisis
🔺A survey of 350 Chinese companies revealed that Blockchain’s pre-COVID-19 corporate bullishness remains alive in the region. According to Xinhua, the study, called “Blockchain in the Post-epidemic Age,” showed that 70% of the companies surveyed before the coronavirus outbreak remain optimistic about the potential of Blockchain technology. Up to 20% believe that they will invest even more to mitigate the effects of the crisis. Blockchain technology is considered the “most effective way to fight against disasters.”
#blockchain
#technology
#china
#blockchainnews
🔺A survey of 350 Chinese companies revealed that Blockchain’s pre-COVID-19 corporate bullishness remains alive in the region. According to Xinhua, the study, called “Blockchain in the Post-epidemic Age,” showed that 70% of the companies surveyed before the coronavirus outbreak remain optimistic about the potential of Blockchain technology. Up to 20% believe that they will invest even more to mitigate the effects of the crisis. Blockchain technology is considered the “most effective way to fight against disasters.”
#blockchain
#technology
#china
#blockchainnews
🔴China Gets Its First Blockchain-Based Public Resource Bidding Platform
🔺China has completed the development and internal testing of the country’s first completely blockchain-based public resource bidding platform. Public resource bidding is a method utilized by governments to allocate large resources to private and public sector companies that promise to complete a particular project. The bidding platform is expected to help authenticate the credibility of central entities involved in the bidding process and expedite data sharing and security.
#china
#government
#technology
#blockchain
🔺China has completed the development and internal testing of the country’s first completely blockchain-based public resource bidding platform. Public resource bidding is a method utilized by governments to allocate large resources to private and public sector companies that promise to complete a particular project. The bidding platform is expected to help authenticate the credibility of central entities involved in the bidding process and expedite data sharing and security.
#china
#government
#technology
#blockchain