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Topic: China believes blockhcain is the fourth industrial Revolution - page 2. (Read 374 times)

jr. member
Activity: 896
Merit: 9
China is an interesting country, they announce blockchain revolution but they are also against bitcoin Smiley if china decides to support crypto currencies also, crypto markets will go further a lot. China has huge economy to any economy.
hero member
Activity: 1148
Merit: 523
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Crypto currency and its benefits will give the next step revolution on many forms dude. If you like to take the investment on blockchain based projects you can say you are in most secured platform you do not need to worry about the hack attacks and other issues.
Next to that you will be find currency revolution will be happen because of the crypto currencies. If this has been used postive we will be able to make the world clean we do not need to worry about it.
full member
Activity: 826
Merit: 104
china is blockchain friendly country but they dont like bitcoin.china is well developed country so definately they will support blockchain surely bcz blockchain is the future.
and its good news for world.
member
Activity: 392
Merit: 11
I think China is right on the spot! Blockchain technology is extremely useful and versatile! I think any business would see how important it is and would embrace or use it to improve their business. As a result, cryptocurrencies are also here to stay and there are many use cases as well as future applications that are still on the drawing board! I am very optimistic about a future based on Blockchain technology and decentralized currencies such as Bitcons and other alternative cryptocurrencies.
newbie
Activity: 154
Merit: 0
Most countries in the world believes in the power of blockchain technology and having China believe in it is a big boost. Blockchain is a great innovation and the world needs to embrace it. This is indeed a fantastic news
member
Activity: 323
Merit: 10
china is slowly searching for the blockchain, maybe they already know it, and they are ready to enter the country crypto.
newbie
Activity: 112
Merit: 0
Blockchain is the future today. A more secured technology, and an encrypted trading platform that allow data to be stored continuously. It is a 4.0 technology that seek to build trust in the global transactions.




legendary
Activity: 2296
Merit: 1038
Bitcoin Trader
I still believe every country has something that is very much favored, of course, pushes the technology, whether it is blockchain so stay focused on the future now, I see this technology is growing now and easily accepted by the people
full member
Activity: 924
Merit: 221
Yeah but what about their ban issues regarding on cryptocurrency? As we all know that cryptocurrency are using blockchain technology and that cryptocurrency is being hated by china? Unless if they are taking advantage on the block chain technology and they want to incorporate it with their trends and technology also. As we all know that china is a cashless society so they can really put a really good use on that block chain for the improvement on their systems.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
Though their government seem to be clunky, most of the Chinese people understands that the blockchain tech would surely bring in wonders to their tech and the way they handle things. As one of the biggest exporters of different items all over the world, logistics would be one part of a problem that they might be facing, and the blockchain tech solves that through careful application of the said tech in their systems. Another industrial revolution seem to be an overstatement, though, but they do have a point that the blockchain tech would play a major role in today's search for feasible, effective and reliable systems.
sr. member
Activity: 490
Merit: 280
I just read today that Huobi is investing $100 mil in to creating their own blockchain. I don't really know what the purpose is. But it seems there are some putting their money where their mouth is at least.
member
Activity: 238
Merit: 15
The Chinese are not stupid people and they understand the value of blockchain as a technology. It would be foolish not to use it
full member
Activity: 504
Merit: 100
I also strongly believe in China's statement that blockchain is the fourth industrial revolution, and with the existence of a decentralized Blockchain technology it will be very easy for us to succeed.
sr. member
Activity: 490
Merit: 280
Good news, I do not know if the Chinese State Government actually supports and develops Blockchain technology, given last year that the news spread that China banned the use of Bitcoin in the country. Cheesy

I believe what happened last year is for price manipulation. They are taking advantage of having the largest hash rate of bitcoin.

Maybe there were some people taking advantage, and you could call it in part price manipulation. But since the action was large enough to cause all of these huge Chinese exchanges to close their doors more or less(even if just temporarily), it's a lot bigger than just talk for the purpose of moving the price.
full member
Activity: 434
Merit: 103
Thinking on the higher plane of existence.
Good news, I do not know if the Chinese State Government actually supports and develops Blockchain technology, given last year that the news spread that China banned the use of Bitcoin in the country. Cheesy

I believe what happened last year is for price manipulation. They are taking advantage of having the largest hash rate of bitcoin.

Also, Bank of China is already deep into Blockchain - China just hate the coins and loves blockchain.

Ofcourse, they are afraid of getting their local currency to be deflated too much because of bitcoin. I think this is the very reason of cryptocurrency exchange banning occured last year.
member
Activity: 532
Merit: 15
Also, Bank of China is already deep into Blockchain - China just hate the coins and loves blockchain.
jr. member
Activity: 280
Merit: 3

I have noticed that chinese want to make sure they don't fall behind in blockchain race, same as with other technology. But they also want to ave firm grip of what is happening on blockchain network.
full member
Activity: 476
Merit: 107
Good news, I do not know if the Chinese State Government actually supports and develops Blockchain technology, given last year that the news spread that China banned the use of Bitcoin in the country. Cheesy
As far as I know, China didn't ban the use of bitcoin in their country. Instead, they have only banned trading of cryptocurrency, and not bitcoin itself. This article might help in enlightening you.
Didn't know that China is friendly to blockchain
They are of course since they haven't said any statement that is against the increasing adoption rate of blockchain(besides stopping trading because of some Chinese traders getting unexplained wealth via price manipulation).
member
Activity: 266
Merit: 12
Well, it's a good thing to see they have good opinion about blockchain if not entirely bitcoin. Probably if they see and make good use of blockchain itself, they might one day consider bitcoin and this will surely expand cryptocurrency as a whole causes China cryptocurrency interests indirectly affects the price of bitcoin even if we don't want to conculde that it does.
jr. member
Activity: 350
Merit: 1
Blockchain has promoted the development of e-commerce in the financial sector.

Blockchain technology will be one of the most competitive solutions for data storage, transmission and distribution in the intelligent era. It will also be the fourth industrial revolution with representative core technologies.
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