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Topic: China is Crushing The U.S. in Blockchain Adoption (Read 237 times)

member
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Since i have been in crypto space almost all asian projects are well made by serious teams especially korea and china projects, i personally like investing in asian project because they always want to work hard 
sr. member
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China is Beating The U.S. in Blockchain Adoption.  READ THE FULL ARTICLE VIA THE LINK BELOW https://worldpublicityblog.com/index.php/2019/11/30/china-is-beating-the-u-s-in-blockchain-adoption/

China is one country that is open to new technologies and is able to adapt and take advantage of these new technologies. With adoption, I think the Chinese Government will become the world's biggest economic power in a short period of time and might be able to surpass the Americans who still stutter in the face of Libra Coin
copper member
Activity: 630
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China started a country wide initiative to rapidly adopt Blockchain Technology and ‘urgently’ develop use cases. Blockchain projects are really thriving in china, In no time all platform will be Blockchain integrated
legendary
Activity: 3654
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I hate these type of topics that talk about the governments interacting with our project.

China or USA or any other country for that matter should not be important in bitcoin world, we have created the bitcoin ecosystem all because we were sick and tired of the fact that politicians and wall streets of the world managed to corner the financial market and the wealth inequality grew too big so there was a lot of people with billions of people and there was a lot of people who die of starvation (there still is) and bitcoin was just a method we tried to combine the powers of the regular people against the rich people yet here we are all talking about how the goliaths of huge two nations racing each other to blockchain adoption. They will turn it into something bad for sure.
hero member
Activity: 2604
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In technology, China can compete with the US and the other big countries because they have resources, and they have skills to create or modify something. We can see around us that many products are from China, and it is no surprise if the Chinese can beat the US. I think if they can use blockchain technology in their countries, that will give a big impact on the financial system, and that means, the adoption might become from Chinese.
hero member
Activity: 1540
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China is Beating The U.S. in Blockchain Adoption.  READ THE FULL ARTICLE VIA THE LINK BELOW https://worldpublicityblog.com/index.php/2019/11/30/china-is-beating-the-u-s-in-blockchain-adoption/
I am very encouraged and glad that a power like China is strongly supporting the development of blockchain technology. It is also a very good sign representing the generation of civilization 5.0. But using this blockchain technology is not an easy one either. In some Southeast Asian countries are also trying to apply this blockchain technology but it is quite difficult because the majority are poor people and they have difficulty in applying blockchain technology.
It's not a good news to hear by us these days. Remember china is talking about the blockchain system and they have stated so many times if there will be no correlation with adoption to the cryptocurrency as a tech that use blockchain too. This news seems not a good news at all.
Blockchain needs more r&d and that's why not all of sectors can fit with the implementation of blockchain right now.
And China are going to ban crypto. Its much worse for industry
That's true and we need the third party who can create a gateway between that things.
sr. member
Activity: 1050
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I believe that any country that adopts the blockchain seriously will surely win against any country that has not implemented the blockchain. It just so happens that China is becoming very enthusiastic right now.
The adoption of the blockchain in China also hasn't seen results yet. Moreover, we do not yet know the impact of what happens on the world of crypto because China bans crypto for its citizens. But clearly, China is very ambitious to be the first in any case. This can be seen from the economic sector primarily.
full member
Activity: 720
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China is Beating The U.S. in Blockchain Adoption.  READ THE FULL ARTICLE VIA THE LINK BELOW https://worldpublicityblog.com/index.php/2019/11/30/china-is-beating-the-u-s-in-blockchain-adoption/
I am very encouraged and glad that a power like China is strongly supporting the development of blockchain technology. It is also a very good sign representing the generation of civilization 5.0. But using this blockchain technology is not an easy one either. In some Southeast Asian countries are also trying to apply this blockchain technology but it is quite difficult because the majority are poor people and they have difficulty in applying blockchain technology.
What does this have to do with people and governments like China? We do not consider the possibility of a single person and the whole country.Blockchain as a technology can be applied in many areas, regardless of the status of people.The only question is whether countries are ready to accept blockchain?Read a very interesting article and most likely You will understand that not every country is ready to fully accept blockchain:https://medium.com/readwrite/is-crypto-the-missing-ingredient-for-universal-basic-income-ab7f0f6e0111
sr. member
Activity: 860
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The world is moving towards the adoption of cryptocurrencies and it makes me very happy. In fact, there is not much difference who wins this battle.
full member
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China so far is simply talking about accepting the blockchain, but there is no evidence of their dominance. they can change all their decisions very quickly. maybe tomorrow we will see news about the fact that China does not want to use blockchain
sr. member
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This is the result if you are backed by your own president and I'm guessing that there will be more blockchain apps submission in China next year since the developers get the approval and support from their own government. U.S. is still hard to get but they are very active in crypto regulations so if they come up with a solution then I bet that they will not let China to be on top in blockchain adoption.
sr. member
Activity: 994
Merit: 278
Sorry to say but it is true. Not just blockchain but mobile apps and even fintech payments, china has beaten the rest of the world.

Anyone wants to know what it is like out there,,, just visit a small city there, not to say even Beijing just visit a small 1 million people city and you will see payments with cheap phones everywhere. People are not stuck on credit cards like the rest of the world and Chinese will be using blockchain and crypto one day without them even realizing.

This is because as a total dictatorship they would like an absolute surveillance nation, this can be arranged with private blockchains and projects like VeChain, that basically are for anti counterfeiting but in reality can track any product on the side because of the transparency. Like i said, total surveillance.
hero member
Activity: 2170
Merit: 528
China is unstable in their policies. One day they want something and the other they they ban it. How can you praise such country?

If they adopt it for a year and then ban it like they did with exchanges in 2014 they will do much worse for the industry than if they never touched it.

Also how can a country that is banning exchanges and once threatened to ban mining a good thing for cryptocurrencies? They aren't beating the USA at all.  
sr. member
Activity: 1582
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I think what ever the current scenario is regarding blockchain and crypto around the world, i think there will be a time when eventually every country will allow, legalize, register and also encourage the use and implimentation of both blockchain and crypto and that time will be massive as far as adoption is concerned.
there needs to be an influential voice from the government, or adoption will only be stable in the "inside" category of the company

From the articles I read, most patents are only owned by large companies. but after Xi Jinping issued a statement, the wave of new patents from various Chinese companies rose sharply, even though they did not yet have accurate data and were still unilateral claims. If Donald Trump does the same thing, I'm sure AWS will far surpass Alibaba from corporate indicators.
hero member
Activity: 812
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China is Beating The U.S. in Blockchain Adoption.  READ THE FULL ARTICLE VIA THE LINK BELOW https://worldpublicityblog.com/index.php/2019/11/30/china-is-beating-the-u-s-in-blockchain-adoption/
The most amazing aspect of this is that China has the largest population, hence widespread adoption of blockchain in China means a lot. Basically, it's gaining relevance in many sectors presently. For now, just blockchain technology is being adopted, crypto still has a long way to go before mainstream adoption will come.
sr. member
Activity: 1442
Merit: 265
I think what ever the current scenario is regarding blockchain and crypto around the world, i think there will be a time when eventually every country will allow, legalize, register and also encourage the use and implimentation of both blockchain and crypto and that time will be massive as far as adoption is concerned.
full member
Activity: 532
Merit: 104
China is only interested in Blockchain technology and it will do everything to bring Blockchain applications into the fields it manages.
In the United States, they don't ban blockchain development, but they will do everything for their country's blockchain to be regulated.
The number of users and the amount of money invested in cryptocurrencies in the US is much larger than that of China. The United States will create a healthy environment for Blockchain to grow but doing so will have few companies that meet SEC standards. And China is trying to monopolize when it tries to launch cryptocurrency and blockchain applications.
I think China is doing a good job of building a Blockchain country but not in the cryptocurrency business. They are building a blockchain rather than building a cryptocurrency trading market.
member
Activity: 224
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it is very good that powerful countries integrating the Blockchain, in Europe I think there is Portugal that goes up small to small
hero member
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As I don't really read news about China relating to blockchain as we all know all they wanted is a centralised coin that differs in idea of cryptocurrency. Only blockchain system is they all wanted as it offers good services but their move will not really influence the market price and Americas progress as some countries in US were still free to use crypto.
copper member
Activity: 210
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China has indeed been on the fast lane in ensuring that they overtake the world in virtually every sector in the world. I was amazed reading the article and seeing the futuristic plans made by the Chinese government in ensuring that the country leverages on blockchain technology. I must confess that I perceive the country taking the world by surprise as we would soon start seeing their results.
sr. member
Activity: 1190
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In the crypto market the capitalization is indeed controlled by Asia and the largest may be held by China, so it is natural that the U.S. loses its development or adoption, I think 2 of these countries are also in a trade war.
It seems that they are racing to seize consumers to import their goods in large quantities.
legendary
Activity: 2282
Merit: 1041
And China are going to ban crypto. Its much worse for industry
That is true, they are adopting blockchain in their country and then they will ban crypto completely.
Cryptocurrency will get nothing out of it, there is nothing good comes out from this adoption.


They are going to be using blockchain everywhere in China but will still ban crypto, its not too difficult to see why since this government are so fond of control but I think they will soon be allowing crypto in out special place which is probably Hongkong. They always leave a breeding ground for this technology to prosper.
sr. member
Activity: 1722
Merit: 261
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China is Beating The U.S. in Blockchain Adoption.  READ THE FULL ARTICLE VIA THE LINK BELOW https://worldpublicityblog.com/index.php/2019/11/30/china-is-beating-the-u-s-in-blockchain-adoption/
yes but unfortunately China bans other crypto, everyone doesn't like it, they only use blockchain technology and make crypto for themselves not for bitcoin and other crypto currencies, it's like a nightmare nobody is interesting even though china is far away superior to the United States

And China are going to ban crypto. Its much worse for industry
yes as we know since the news yesterday, I also do not support about this that blockchain and bitcoin should not be separated
hero member
Activity: 788
Merit: 505
I think it will be too early to say who is winner in blockchain adaption. But right now USA is winning in crypto adoption as many exchanges are working in USA from which USA govt is also benefitting.
China on the hand has made a smart move by banning crypto exchanges and ICOs to stop flow of cash from there country and this is something not seen for the first time.
hero member
Activity: 2296
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Sorry to say but it is true. Not just blockchain but mobile apps and even fintech payments, china has beaten the rest of the world.

Anyone wants to know what it is like out there,,, just visit a small city there, not to say even Beijing just visit a small 1 million people city and you will see payments with cheap phones everywhere. People are not stuck on credit cards like the rest of the world and Chinese will be using blockchain and crypto one day without them even realizing.
sr. member
Activity: 1568
Merit: 321
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China is Beating The U.S. in Blockchain Adoption.  READ THE FULL ARTICLE VIA THE LINK BELOW https://worldpublicityblog.com/index.php/2019/11/30/china-is-beating-the-u-s-in-blockchain-adoption/


If anyone understands what the Chinese government wants to do, please let someone explain in detail. Every day we have different news.
sr. member
Activity: 2436
Merit: 272
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And China are going to ban crypto. Its much worse for industry
Whenever China bans cryptos the price of bitcoin will boom. Grin

China is always planning to launch their backed digital currency and also they concentrate more on implementing the blockchain technology into food industry after Xingping's statement of seize the opportunity.They tells crypto currencies will be hard to trace so it will be uncontrolled if it was adopted by their nation so they banned initial coin offering investments since 2017 and start banning the crypto exchange platforms to stop any trading activities.And more their consider crypto as bubble.

As investors and technologists worry that the U.S. is falling behind in the race for dominance in blockchain, Beijing is trying to get ahead.

A state-issued digital currency would help the Chinese government fight issues like counterfeiting and product safety, but it also raises privacy concerns.

But as cash floods into the latest crypto boom, worries about fast-rising valuations and potential fraud also crop up.
sr. member
Activity: 1176
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China banning crypto is always a good laugh, lots of mining and patent applications, crushing everyone except UK.
hero member
Activity: 2926
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What the president of China says it will be done, it will be done and there will be no opposition, that's a big difference to the US government, where there are two opposing parties and a very strict SEC to monitor everything, China can easily advance compare to US where, everything will be debated before they implement, that's the difference between the two government.
copper member
Activity: 122
Merit: 0
China is a leading authority in almost every field of business, it is only appropriate for them to be leading in terms of blockchain adoption also.  I respect the fact that they were silently developing and obtaining patents in sharp contrast to the United States which has been very strict with cryprocurrency adoption.
member
Activity: 476
Merit: 12
I did not wonder why it is happenes. All we know that US is more powerful ang big country rather than China but the way how people or netizen how to follow their government leader is the best act that they contribute about country's success. Now that they launched their own coin I will not surprised if they  dominate all things possible here in crypto world.
sr. member
Activity: 1540
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And China are going to ban crypto. Its much worse for industry
That is true, they are adopting blockchain in their country and then they will ban crypto completely.
Cryptocurrency will get nothing out of it, there is nothing good comes out from this adoption.
hero member
Activity: 1778
Merit: 504
WorkAsPro
US and China both have complicated relation with crypto and both of them are moving forward one way or other. In US a lot of private companies and individuals are involved in wide range of crypto R&D while in China you might need a government approval to freely do something. US hasn't outright banned crypto while China has a blanket ban on crypto trading. So, US is and has a better chance of staying ahead of China in crypto development.
I think both countries still discourage people from participating in this market because their governments usually only care about blockchain technology. Over the past few weeks, China has continued to have bad news making the market worse and whales can easily manipulate the value of Bitcoin at any time. In my opinion this is a very bad time and investors should be more careful when trading.

However, the US is the country with the most market participants in the world, so I believe that by the end of this year there will be good news to make this market start to rise again.
legendary
Activity: 2982
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US and China both have complicated relation with crypto and both of them are moving forward one way or other. In US a lot of private companies and individuals are involved in wide range of crypto R&D while in China you might need a government approval to freely do something. US hasn't outright banned crypto while China has a blanket ban on crypto trading. So, US is and has a better chance of staying ahead of China in crypto development.
newbie
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And China are going to ban crypto. Its much worse for industry
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China is Beating The U.S. in Blockchain Adoption.  READ THE FULL ARTICLE VIA THE LINK BELOW https://worldpublicityblog.com/index.php/2019/11/30/china-is-beating-the-u-s-in-blockchain-adoption/
I am very encouraged and glad that a power like China is strongly supporting the development of blockchain technology. It is also a very good sign representing the generation of civilization 5.0. But using this blockchain technology is not an easy one either. In some Southeast Asian countries are also trying to apply this blockchain technology but it is quite difficult because the majority are poor people and they have difficulty in applying blockchain technology.
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China is Beating The U.S. in Blockchain Adoption.  READ THE FULL ARTICLE VIA THE LINK BELOW https://worldpublicityblog.com/index.php/2019/11/30/china-is-beating-the-u-s-in-blockchain-adoption/
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