Central Bank of China (Taiwan) Promises to Implement the Blockchain!

nilavoro

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Quote from: Thadeous on February 28, 2018, 10:41:17 AM

Positive news come from China:
"The new head of the financial institution, Yang Chin-long, said in his inauguration speech that the Central Bank of China (Taiwan) will pay great attention to considering the possibilities of blockchain technologies as an improvement to the existing infrastructure."
More here: The New Head of the Central Bank of China (Taiwan) Promises to Implement the Blockchain Actively
Should it be considered as a harbinger of upcoming green market?

Nice to see that some bank is using block chain to improve customer satisfaction. Otherwise, most of the banks see crypto just as some threat.

Blockpass.org

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Sometimes it may be reported that China is very anti crypto and blockchain but speakers from China at events are always baffled by this perception as they say it's thriving. Good to hear more news about it!

Doge dealer

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This seems like a wait and see situation because they did not mention anything about bitcoins , what they mentioned i think is the blockchain technology which can be integrated in systems in a number of ways with actually involving the bitcoins, but lets be positive and say at least its a step in the right direction, should china actually be referring to bitcoins then expect prices to skyrocket.

Indrawan77

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This is a great news, the governments in the world should put more focus on the blockchain technology, its a very useful and potential technology that can change the transaction system, if more countries implement and develop blockchain it will be easier for us to do transaction in the future, but blockchain and crypto is two different things, implemented blockchain doesn't mean they are going to used crypto that already exists, so it won't affect the market

laserfocused

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Quote from: NeoTech42 on February 28, 2018, 10:42:39 AM

China is indeed trying to implement and experiment around Blockchain technology. We will see for sure more and more governments, institutions, big corporations getting involved in this industry.

I agree

lisasteca

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For a country with strong economic growth like China, a medium-term welfare program is certainly necessary. Given the large population, the distribution of public aid and the management of the welfare system are sectors in which the blockchain can simplify the procedures for granting aid and guarantee better public governance of the initiatives.

jpnl0003

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great news. This is the beginning of a great future for the bitcoin and several other altcoin

fiulpro

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China have always been a front foot player in the context of technology, inovation and mass production.
They have been leading the technologicsl market at a good pace. Consideratiin of blockchain mechanism would definetely have been their priority because thats the need of the hour and have a wide scope of implementation.

If china pays more attention on the blockchain technology, and develops products based on it, the it will be a pathway for other countries to implement similar techniques and ways and make use of blockchain.

Lamisa asfiya

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I think it's really blockchain technology. As a result of BTC regularization, I can see that this will be implemented further. All financial institutions in the world can use this technology to transfer money from the existing infrastructure for the transfer of transactions. People are making long-term profits by investing in this technology. Because of this technology being strong people are investing effortlessly. This technology will be universally acceptable and will provide security to the human capital.

kucritt

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i think it can't be your big factor that makes the price of bitcoin rising up? why we can see that they only use blockchain system to their market, they not use bitcoin, blockchain is the system that every people can use, its not makes bitcoin rising up unless after they use blockchain they notice about bitcoin that use this system too

Clement Kaliyar

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Quote from: jayco25 on April 24, 2018, 07:12:26 PM

They are doing some experiment and observation regarding Blockchain. Let hope the most of countries will do it also and totally accept crypto currencies and real world. I believed someday in general bitcoin and crypto currencies will be know the most powerful currencies and to limit users of FIAT.

The main thing that people are missing here is that, implementing blockchain in their financial system does not mean that they will be accepting cryptocurrencies. Many countries is already investing in studying the blockchain but that does not mean that they are accepting bitcoin or any other crypto coin.

Roman Coinson

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Sounds good, but, unfortunately, Taiwan is not a China)Frankly, it's truly China)

juiceannabel

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Quote from: Thadeous on February 28, 2018, 10:41:17 AM

Positive news come from China:
"The new head of the financial institution, Yang Chin-long, said in his inauguration speech that the Central Bank of China (Taiwan) will pay great attention to considering the possibilities of blockchain technologies as an improvement to the existing infrastructure."
More here: The New Head of the Central Bank of China (Taiwan) Promises to Implement the Blockchain Actively
Should it be considered as a harbinger of upcoming green market?

I thought china banned crypto from their country ? if this news is true, it will be good.
a green market will be sustained until the end of this year. lets buy more coins friend.

jayco25

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They are doing some experiment and observation regarding Blockchain. Let hope the most of countries will do it also and totally accept crypto currencies and real world. I believed someday in general bitcoin and crypto currencies will be know the most powerful currencies and to limit users of FIAT.

#Taklimakan

avikz

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Quote from: Thadeous on February 28, 2018, 10:41:17 AM

Positive news come from China:
"The new head of the financial institution, Yang Chin-long, said in his inauguration speech that the Central Bank of China (Taiwan) will pay great attention to considering the possibilities of blockchain technologies as an improvement to the existing infrastructure."
More here: The New Head of the Central Bank of China (Taiwan) Promises to Implement the Blockchain Actively
Should it be considered as a harbinger of upcoming green market?

It's good that China is trying to explore the possibilities of blockchain technology and trying to put it in a good use. However, this news is not particularly cheering for the market because it doesn't have any financial impact. It's similar to the situation in India. While the Reserve Bank of India asks all regulated financial entities to roll back their positions from the crypto currency and the Prime Minister's office tweeted that they are looking towards blockchain technology to put it in good use. So it's a kind of double faced game they are playing. So no impact will be seen in the market of such news about blockchain technology. What we need, is the mainstream adoption.

Thadeous

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Quote from: easynote on February 28, 2018, 06:14:43 PM

Quote from: Axelion on February 28, 2018, 05:58:11 PM

China knows what market needs...always. But I think that they will regulate crypto in governments favor.
Control they like

China can do a lot of things with Bitcoin, They need to stop banning Bitcoin and unbanning it every month.

But China probably got really good dividends from banning and unbanning Bitcoin.
What's the point to stop it? Grin

richardsNY

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Floodgates of great news noobs are open again I see.

This isn't anything that winds me up at all -- it's just another confirmation that governments will only be interested in their own centralized blockchains. It's all done to remain their control, and to take transaction validation in their own hands. In other words, just like you are required to ask for permission to move funds from point A to point B through centralized ecosystems controlled by corporations, you'll be subject to the same rules and policies with these centralized blockchains. It grants governments more control over people than ever before, which is why it's pretty much a guarantee that they will end up utilizing blockchain technology. Currently they need banks to maintain control, but that's almost something of the past....

easynote

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Quote from: Axelion on February 28, 2018, 05:58:11 PM

China knows what market needs...always. But I think that they will regulate crypto in governments favor.
Control they like

China can do a lot of things with Bitcoin, They need to stop banning Bitcoin and unbanning it every month.

coinwizard_

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Most Advanced Crypto Exchange on the Blockchain

Taiwan is different from China (although that is a different discussion for a different forum!), they haven't unified the Countries yet so Taiwan will still set their own rules and most likely they are just doing it to annoy China Cheesy

wantjokull

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Is it just me or anyone else here who thinks China is great player in playing games of crypto! The country is perfectly playing with rest of the world by showing that they don't support crypto at one point and now here we are again with another perfect solution by the central bank.

I think they are having big game behind this crypto world and they are more than 50% involved in crypto amongst the whole world. Roll Eyes

Thats good news or bad news I'm not sure looking at the China behaviour but one thing is sure we need to be careful though.

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