Wanxiang Rep who is China Wanxiang Holdings Vice Chairman is believing that blockchain will lead a more globalized world with other high tech. According to local news, the Vice Chairman of investment company China Wanxiang Holdings, Dr. Xiao Feng attended the 7th Global Investment and M&A Summit in Shanghai. The Vice Chairman’s keynote on digital economic reform gave speculation that globalization will migrate from the real to the digital world. Dr. Xiao said that: “Blockchai
Only a couple of months since China's leader Xi Jinping declared blockchain as one of the nation's innovative needs and upheld to "hold onto the chance," there has been a great deal of progress on principle blockchain activities and the vast majority of them will be underway very soon. A definitive objective is to empower and set up the People's Bank of China (PBoC) and enormous Chinese ventures like Tencent, Huawei, Baidu, and Ant Financial as the world heads in new-breed in
The government of Guangzhou, the capital and most populous city of the Chinese province of Guangdong, has reportedly launched a $141 million grant fund to support the further development of several local blockchain projects. The Guangzhou authorities intend to allocate around 1 billion yuan (the US $ 141 million) annually to develop two major blockchain initiatives. This emerges from a recently published tweet by Dovey Wan, partner of Primitive Ventures, an investment company
According to the CCIEE of China centre, Huang Qifan having strong ties to the government said that China will be the central bank in the world for issuing sovereign digital currency. He gave this statement in the inaugural bund summit 2019. Huang Qifan also stated that Bank of China of people is studying digital currency from five to six years. That means that China's people’s transactions were monitored and probably still being monitored for studying digital currency and als
A study session on blockchain technology was held by China’s President Mr. Xi Jinping on Thursday, October 24. China stressed its commitment to develop blockchain and take the leading position in this emerging technology. The Chinese government on October 24, expressed its desire of Blockchain to be regarded as the core technology behind every important and innovative breakthrough. Through the mouth of the Chinese President, Mr. Xi Jinping, the government made clear its commi
Ten years ago, release of Bitcoin was a generally small event with huge repercussions, a number of well-renowned companies in the world and nations getting into digital forms of money, i.e cryptocurrencies. Over the most recent decade, the price of bitcoin has soared, moving to highs of nearly $20,000 per bitcoin in late 2017 preceding falling back pointedly. But it was only after the gigantic bull run that grabbed the eye of numerous banks, retailers and tech organizations.