China is betting heavily on blockchain technology
Posted On July 3, 2019
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Though cryptocurrency investment and exchange is a taboo in mainland China as regulated by the authorities, its supporting technology, blockchain, has been widely applied in a diverse range of services including across the country. According to a survey released by consulting firm Deloitte, China seems to enjoy greater knowledge about blockchain as a technology and holds more confidence in its future’s development and expansion. As the research progresses, China has invested heavily in blockchain applications, including financial services, public services, supply chain, and healthcare.