They believe it can effectively track data and to ensure their authenticity and this is important.
Topic: Why is China giving importance to Blockchain? - page 6. (Read 2550 times)
The Chinese state corporation from the sphere of rocket and missile weapons, China Aerospace Science and Industry Corporation, announced the introduction of blocking technologies in the field of electronic accounting.
They believe it can effectively track data and to ensure their authenticity and this is important.
They believe it can effectively track data and to ensure their authenticity and this is important.
China is only interested in blockchain technology and gains from blochain in science. China may not want bitcoin as its currency or want to create its own crypto currency.
Because Chinese people always seek for opportunity, the reason why they are Interested in Blockchain is because of the technology and the potential of it being used in many things and once it does, it will be very profitable.
maybe in addition to what you have to say there is more to be the reason why China is enthusiastic because technological progress requires all practical efficiency and speed and one of them is the blockchain system itself
I see that the Chinese government has great potential to receive crypto in the future, if the Chinese government maintains fiat and bans crypto, then the state of China will not be able to compete with other countries, and every aspect of government, economy, military and others.
All because it refers to revolutionary technologies. Block chains are the technology underlying the Bitcoin crypto currency, which is characterized by high security, transparency and resistance to change. At the same time, block circuits have much more potential than one that can be implemented in digital currency. This technology makes transactions between two objects possible without an intermediary in the face of the clearing center, which significantly reduces the time and cost of the transaction. Moreover, when combined with "smart" contracts, block-chain technology allows you to automatically issue digital securities and trade financial derivatives. For example, the insurance industry has a great potential, which can offer new opportunities for the application of block-chain technology.
It's all about money because business is already flowing in their veins since they were born. They are so good at making things from their own and also making something out from an existing one and make it more better using reverse engineering. No wonder why they are giving importance to blockchain because they know it can help them to make more money that can improve more of their economy.
I think that it is a good sign because China is a country where they know the real price of innovations. To my mind, this is a great system and soon it will be used everywhere. I think that Chinese understand that it is a smart technology
Chinese has been feeling very enthusiastic about blockchain lately! The Chinese government may not like cryptocurrencies or in fact Bitcoin, but they sure do like the Technology it is based on.
Know more what China is doing with Blockchain https://www.globaltechinsights.com/blockchain-bitcoin-whats-happening-in-china/
We all know that bitcoin is a decentralised crypto currency and thus there is no such proper authentic regulating body over the bitcoin who could keep eye over the bitcoin activities and more specifically the illegal one and thus most of the countries are hesitating in legalisation of bitcoin in their nation but still there are few countries who has understood well the fate and potential of bitcoin and legalised bitcoin in their nation and now experiencing a great boost in the development of their nation and I think that is why China is also showing interest in Blockchain technology. Know more what China is doing with Blockchain https://www.globaltechinsights.com/blockchain-bitcoin-whats-happening-in-china/
Some time ago, the PRC government took a wait-and-see attitude towards the blockade and crypto-currencies, but today the People's Bank of China not only conducts developments in the field of blockade, but plans to issue its own crypto currency.
China is a country that dares to change. They see in the blockchain a revolution and they cling to it. The Chinese understand that this new revolution is scary for many countries, these countries do not dare and do not want to change. The economy must remain under the control of the government and hinder this new revolution. People have understood this and are increasingly interested in cryptocurrencies. They understand that they can become independent and that the banks will no longer have the power. A lot of law is starting to be created to be able to keep some control. China has understood for a long time that change will be mandatory and they are working hard to be the first.
I think that the Chinese just understand the prospects of technology and try to implement it.
block technology was born and has contributed significantly to the development of science and technology as well as help to manage the hierarchy better.
china want to become world leader in blockchain and they are working on it by providing all information on crypto currency beneath blockchain technology
Even if some countries hate cryptocurrency, they can't deny the fact that blockchain is the future. You can integrate blockchain into almost every business in the world without using cryptocurrency. Hyperledger is an amazing technology.
Chinese has been feeling very enthusiastic about blockchain lately! The Chinese government may not like cryptocurrencies or in fact Bitcoin, but they sure do like the Technology it is based on.
Know more what China is doing with Blockchain https://www.globaltechinsights.com/blockchain-bitcoin-whats-happening-in-china/
Know more what China is doing with Blockchain https://www.globaltechinsights.com/blockchain-bitcoin-whats-happening-in-china/
I think one of the reason is china has a very large community in crypto. Their possesion with cryptocurrency or bitcoin is one of the biggest.
So i think china will be the benchmark of the crypto in this world
Not only China but all countries are starting to enthusiastic about blockchain, the governments like the technology because it can help a lot of dispute, and it can be used to proved a transaction, the technology got a lot of potential that can be used in a lot of sectors, the government love the blockchain but not crypto currencies
China acknowledges the decentralization of pre-coding as a threat to the financial and monetary systems, but the Chinese government is still working to fund local Blockchain projects because They have captured the technology of Bitcoin. The Chinese government has repeatedly stressed that Blockchain technology has the potential to disrupt the global financial architecture. They acknowledge that Blockchain is a breakthrough technology that can revolutionize a wide range of industries including finance.
china want to deal with blockchain and want to become the leader of the blockchain they are giving a rating for all blockchain technology coins and tokens and observing closely we can expect govt supported blockchain projects
because China understands the true stumbling block chain and the whole uniqueness of the mechanism of its work and the simplicity of its work and use!
Chinese want to take advantage of Blockchain technology is of course money. This is what they are also doing with Blockchain as they know that this has a potential to give them a lot of money in the future. and may be they will use blockchain technology in artificial inteligence to make many things and make their economy stronger.
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