The People's Insurance Company of China will begin applying blockchain technology to its operations following a new partnership with blockchain firm VeChain.
Since China banned ICOs, illegal crypto fundraising and exchanges have been discovered. Yet, despite the move away from crypto, China filed a blockchain patent.
The development of increasingly efficient—and affordable —alternative energy sources is prompting the evolution of a system that is more and more decentralized.
One of the pioneers of the Chinese ride sharing industry is launching a blockchain-based application to increase passenger safety and streamline services. Blockchain technology is being explored by one of the pioneers of ride sharing in China. It's believed the innovation will help improve rider safety.
Chinese president Xi Jinping has officially endorsed blockchain as a technology that will “deeply affect fate of the country,” Beijing banned cryptocurrency trading and ICOs last year, and then went on to crack down on bitcoin mining early this year.
While the US currently stands as the world leader in blockchain technology, China could very soon overshadow America in terms of blockchain development, according to PricewaterhouseCoopers (PwC).
In a fresh crackdown on cryptocurrency-related activities, China has blocked several blockchain-related news accounts on WeChat, one of its top social In a fresh crackdown on cryptocurrency-related activities, China has blocked several blockchain-related news accounts on WeChat, one of its top social apps.
Chinese and Singaporean companies operating within the fields of ICT and media have received a boost with the launch of a new fund to support collaborations among them.
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