Governments used to openly dismiss blockchain, they are now seeing potential benefits in its traceability. They have come to understand that it is not necessarily the anonymous, shady underworld they thought it was.
At the recent Davos meeting in the winter, the China Blockchain Application Research Center released a report showing that China's blockchain patent and blockchain financing growth rate far exceeds that of the United States and leads the world.
As the 2.0 evolution version of cloud computing, the blockchain will be able to serve the vertical fields of the market. Provide solutions that greatly enhance system performance and security by decentralizing computing power on a global scale.
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.
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.
2018 could well be the year where blockchain technology finally makes the big break through around the globe. Sectors including finance, banking, governance, healthcare, real estate, security and more are all being transformed by blockchain tech, with many countries willing to lead the charge.
The blockchain is a big hit at the moment, and the news media has reported a lot, claiming that it will create the future.
The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion;
products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the
content of the page makes you feel confusing, please write us an email, we will handle the problem
within 5 days after receiving your email.
If you find any instances of plagiarism from the community, please send an email to:
and provide relevant evidence. A staff member will contact you within 5 working days.