Why is China giving importance to Blockchain? - page 8.

yayat

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Quote from: Theb on June 19, 2018, 06:24:16 AM

One of the root causes why the Chinese want to take advantage of Blockchain technology is of course money. Chinese are what I say a natural born businessmen and they have an eye for oppprtunity. Just take a look at how some local Chinese companies are creating their own version of the products seen in Kickstarter websites. 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.

Really friends, they are very agile to see opportunities that produce money.
We can see that they are wandering everywhere. And in my country, most of the entrepreneurs are people from China.

Docnaster

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China was giving importance to blockchain it simply because they know that it can help them and to their businesses. Chinese people are not easily involved in anything that they knew that it couldn't give help to them.

Fair point. And that's true for everyone because no body ever gets involved in such a risky market without having the confidence that it would benefit them in the future.

It is well known that China is one of the largest emerging markets, part of this is due to the fact that they are somewhat quicker to adopt new technologies that might eventually set them apart from the rest of the world.

stayeduptolate

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Quote from: djhonson196 on June 19, 2018, 06:14:50 AM

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 are aware with the earlier status of bitcoin that how much it was criticised and there was no one who wants bitcoin to be legalised any where but as soon as people come to know about the bitcoin and it’s po then they started approving it and then the time has come when many countries has legalised bitcoin in their nation and has made bitcoin transactions legal in their nation and the same is with China , earlier China was in against of bitcoin but now it is very enthusiastic with the Blockchain technology.

hxtop

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China has seen the potential of the blockchain technology and the laws are being regulated, China says blockchain is a critical part of the technology revolution.

Phantomberry

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I think they see the future of it blockchain technology is much more powerful and you will see the product of it just example of it bitcoin not just cryptocurrency.

pehatas

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China certainly did not just forbid the crypto currency. I agree with you that the Chinese are very fond of the technology on which the crypto currency is built and most likely China wants to issue its own crypto currency and that is why it banned the use of others.

kasansa

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In regard to chinese government's cleverness to develop it's people's uplift to their country life style with global economy of her citizens both country and her people develop in same time. How long the citizens have to struggle to uplift their life style in life the country too have to face difficulties.

kiboloves

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Blockchain technology is an opportunity for all countries. China is a big country. In recent decades, China's economy has achieved great success. Such a big country will surely pursue new technologies.

GeorgiyBilyk

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already very many countries have chosen their own way in the development of the crypto world! I am sure that this is the future! all bans will end sooner or later, all countries will legalize crypto coins around the world! this is a new payment system and everyone wants to manage this money! India today appointed for September 11 collection, on the abolition of restrictions on the crypto market! and this is only the beginning!

Joe103

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I am not surprise about this. Even those who do not like Bitcoin and Cryptocurrencies due to the very high volatile nature cannot hide the fact that Blockchain technology has a lot of benefits due to its decentralized nature.

saruxanyan

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all smart people and companies have long understood the big pluses of the entire crypto system! China is one of the first countries to become a lawgiver in the crypto market! Today there are a lot of Chinese projects, but there are already so many countries that want to take the lead in the crypto system!

Schirer

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As far as i know , the public has been very much enthusiastic from the beginning but the government has imposed restrictions.
i think that there is a lot of going on behind closed curtains in government level and in private sector and everyone is waiting what will gov do in order to stat using blockchain.

MrCrank

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Quote from: djhonson196 on June 19, 2018, 06:14:50 AM

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/

I don't understand why they don't like Bitcoin. I think is not true.
May be they try create own / China crypto market (based in China only)

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Because Chinese investors are holding a large amount of Bitcoin and they are the most dignified Bitcoin.

batang_bitcoin

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China is dumping cryptocurrencies while adopting the technology behind it.

These are China related news about cryptocurrencies.

China’s Central Bank States Crypto Ban Is A Huge Success

Jack Ma Embraces Blockchain for Ant But Warns of Bitcoin Bubble

Missterio

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I think there's just an interest like many other countries. Not only is China interested in this.

hdtqisg

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China is a country that makes up one-sixth of the world's population. Everything that happens here will have a huge impact on the whole world!
So China is very important with blockchain technology!

Ava Duvall

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Quote from: pocket_lck on June 19, 2018, 07:51:26 PM

Because blockchain is very good to apply or also used in data collection and it is very important for future progress and should country all over the world also better use Blockchain technology.

CCTV has mentioned that the economic value of blockchain is "10 times more than that of the internet." overall blockchain has expanded greatly in China and they are planning to give funds for research and development of technologies infrastructure

RebeccaMonson

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Is the number of Blockchain participants in PRC?

RNGfight

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Open and Transparent Science Powered By Blockchain

China is not alone. Most countries around the world attach great importance to blockchain.
Encrypted money markets, however, may be an effective way to transfer assets, but China is a corrupt country that does not allow this to happen.

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