US-China Tensions Could Put Pressure on Technology Industries

Souring relations between the US and China could have the greatest impact on technology sector stocks. The technology sector is in a place of particular weakness due to its substantial supply chain requirements based in China.

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Chinese Province Issues 10-Point Agenda for Blockchain Adoption

Hainan, an island province in China released its blockchain policies to foster the growth and development of the emerging technology in the region. According to Chinese crypto news outlet 8BTC, Hainan issued a ten-point blockchain policy measure aimed at upscaling blockchain development by supporting local developers and ensuring increased adoption of the novel tech.

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China’s Digital Currency Could Emerge Sooner Rather Than Later

The Chinese government has been working swiftly to digitize its currency. The stakes, however, are rising. After adopting blockchain technology as part of its national program last year, it became clear that China’s own ‘digital yuan’ (DCEP) would someday be released.

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China: CBDC Issuance Could Be Fast-Tracked for COVID-19 Stimulus Payments

China’s planned digital currency electronic payment (DCEP) project may be accelerated to have the central bank digital currency (CBDC) available for COVID-19 stimulus package payments. The news is the latest in a string of government-led actions aimed at advancing the adoption of blockchain technology in the country.

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China: Lawmaker Proposes Creation of a National Blockchain Fund

China’s blockchain adoption could go a step further with lawmakers looking at the creation of a national blockchain development fund. Authorities in Beijing continue to push for more involvement of the country’s government in leveraging the emerging technology across several economic sectors.

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The Blockchain Around Us: Technology in Use

Coinspeaker
The Blockchain Around Us: Technology in Use

CyberVein is a blockchain and big-data technology provider based in China.

The Blockchain Around Us: Technology in Use

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CCP Member: China Should Promote the Use of Blockchain in Medical Supervision

China’s response to the ongoing coronavirus pandemic remains mixed. Some laud the early lockdown that helped in curbing spread, while most countries criticize the underreporting of cases. In such scenarios, blockchain technology can help, notes a Chinese official.

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South Korea Plotting $400 Million Blockchain War Chest to Challenge China

South Korea’s government is reportedly exploring a $400 million blockchain R&D fund to boost its emerging digital economy and stay apace with China’s growing dominance in the sector. According to ZDNet Korea, the country’s Ministry of Science and Technology will at the end of the month decide on whether to move forward with a planned […] The post South Korea Plotting $400 Million Blockchain War Chest to Challenge China appeared first on BeInCrypto.

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South Korea: Blockchain R&D Fund Worth $400 Million Under Consideration by Government

Amid growing concerns of China pulling away in the emerging digital economy, South Korea’s government is set to invest $400 million in blockchain research and development (R&D) as the country looks to revamp its digital technology sector.

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People’s Bank of China Pledges to “Accelerate” Blockchain Development, Boost Local Industry

The Financial Technology Committee of the People’s Bank of China, the country’s national bank, held a meeting this week exploring blockchain technology and making decisions for its regulation within the country.

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First-Ever Blockchain Letter of Credit Transaction Carried out by Chinese Steelmaker

Baosteel, a Chinese steelmaker, along with Australian mining firm Rio Tinto, have completed a renminbi (RMB)-denominated letter of credit (LC) transaction using blockchain technology. The LC transaction facilitated by Standard Chartered Bank (SCB) represents the first-ever paperless cross-border deal in the iron ore industry finalized in China’s fiat currency.

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Chinese Telecom Giant to Integrate Blockchain Technology Into 5G Systems

China Telecom, a leading Chinese telecommunications company, has revealed that blockchain technology will be massively integrated into its 5G systems as the revolutionary tech behind bitcoin (BTC) and altcoins.

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Will exchange-driven mining pools' hashrate share increase after halving?

The Bitcoin mining industry has seen strong growth recently due to an increase in mining technology. China's position since the start has propelled it at the forefront of this industry. Although this The post Will exchange-driven mining pools' hashrate share increase after halving? appeared first on AMBCrypto.

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China’s Tencent Begins Blockchain Accelerator Program 

Tencent, a leading Chinese technology giant that doubles as the world’s largest video game company have announced the launch of its blockchain accelerator program. Tencent says it plans to mentor 30 companies in three major areas of distributed ledger technology (DLT), including finance, logistics, supply chain, and more, according to a press release on AprilRead MoreRead More.

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China's fast-evolving blockchain capabilities: over 4k companies founded in 2020

President Xi Jinping's backing of blockchain technology in October last year had garnered significant headlines. So what is happening on the blockchain front in China? While there has not been a siThe post China's fast-evolving blockchain capabilities: over 4k companies founded in 2020 appeared first on AMBCrypto.

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IOST Enterprise Edition Joins China’s Blockchain Service Network (BSN) as Qualified Developer

Leading blockchain project IOST Enterprise Edition Aiou Technology has officially become a qualified developer of China’s national consortium chain, the blockchain-based service network (BSN). The blockchain project obtained the qualified developer certificate of the BSN on April 18, 2020.

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RippleNet member NIUM expands into China with latest partnership

RippleNet member and fintech platform NIUM is in the news today after it announced a partnership with a payment technology company, Geoswift. According to the official press release, this deal would eThe post RippleNet member NIUM expands into China with latest partnership appeared first on AMBCrypto.

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Blockchain Now Officially Part of China’s Technology Strategy

An influential government authority responsible for planning China's economy has said blockchain will form an integral part of the country's data and technology infrastructure.

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China Builds Blockchain Platform to Foster Trust in the E-Commerce Industry

Chongqing Jinwowo Network Technology Co. , Ltd,  a Chinese tech firm, is collaborating with China Mobile Blockchain Association Committee to develop China’s first blockchain and e-commerce ecology joint laboratory.

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Alleged Crypto Yuan Images Leak Online as China Finalizes Blockchain Coalition

China is not slowing down in its blockchain ambitions and is in the final stages of the formation of a new coalition dedicated to the technology. The launch of its highly anticipated central bank digital currency has also been stepped up as leaked screenshots of the DC/EP app reveal that it could already be in […] The post Alleged Crypto Yuan Images Leak Online as China Finalizes Blockchain Coalition appeared first on BeInCrypto.

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EOS, TRON, and Ethereum Top the Latest CCID Blockchain Rankings; COVID-19 Slows Progress

The Center for Information and Industry Development (CCID), under the Ministry of Industry and Information Technology in China, has released a report ranking 37 of the most popular Blockchain Technologies currently in the market.

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Tech Giant Huawei And Chinese Govt Partner To Propel 5G, AI, and Blockchain Adoption

The government of Nanshan District in Shenzhen China has put down a deal with Huawei, a leading global provider of information and communications technology (ICT). According to the deal, the two sides have established a strategic cooperation partnership, agreeing to speed up blockchain adoption.

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IOST (IOST) Among Top 5 Projects in the Latest Chinese Blockchain Rankings

China’s Center for Information and Industry Development (CCID), a body under the Ministry of Industry and Information Technology, has released the latest ranking for cryptocurrency and blockchain projects.

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Tesla Set to Incorporate Blockchain Technology in Its Supply Chain to Facilitate Import Process

Coinspeaker Tesla Set to Incorporate Blockchain Technology in Its Supply Chain to Facilitate Import ProcessTesla is always open to innovations. Now it is set to incorporate blockchain technology in its supply chain for efficient handling of goods at the ports, especially in China.

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Chinese Courier SF Express Experiments With Blockchain Technology

Medical supplies have become a crucial commodity during the novel coronavirus crisis. SF Express, a courier in China, is now turning its attention to blockchain to streamline its delivery processes.

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China’s Central Party School Wants a ‘Sovereign Blockchain’

A new article from China’s Central Party School affirms the nation’s commitment to blockchain technology and stresses its need for governance. The Central Party School of the Community Party of China is among the top institutions in the country which trains officials for the Community Party of China.

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China’s Second-Largest Courier Service to Use Blockchain to Track Movement of Medicines

China’s second-largest courier services provider – SF Express – is contemplating the use of blockchain technology for the movement of critical supplies during the ongoing COVID-19 pandemic. This, according to a report by Global Times, March 30, 2020.

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China’s National Blockchain Network April 2020 Launch Date Still Valid

Blockchain-based Service Network (BSN), the distributed ledger technology (DLT) platform being developed by the Chinese government in conjunction with tech firms and financial institutions will finally be launched by next month.

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Blockchain technology helps China cope up with Coronavirus

Transparency, as well as privacy, are two crucial pillars that need to be respected during times of distress. With almost 1,770 fatalities in China, over 70,000 total cases reported, at press time, ChThe post Blockchain technology helps China cope up with Coronavirus appeared first on AMBCrypto.

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Coronavirus: Two Chinese Firms Launch DLT-Based Donations Tracking Platform 

Two Chinese startups, Hyperchain and China Xiong’an Group have unveiled a new distributed ledger technology (DLT) based donations tracking platform, to foster transparency and accountability in charity organizations amidst the coronavirus outbreak, reports TechInAsia on February 14, 2020.

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Coronavirus: Chinese Insurance Firms Tap Blockchain for Rapid Claims Processing 

Chinese Insurance service providers are increasingly adopting blockchain technology for faster claims processing to significantly reduce the need for face-to-face contact amidst the coronavirus outbreak in the region, reports The South China Morning Post on February 10, 2020.

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Blockchain, not Bitcoin: China’s BTC Volume on LocalBitcoins Hits 2-Year Low

China’s Bitcoin trading volumes hit a two-year low despite president’s call to open doors to blockchain technology

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China to use blockchain technology in its new social credit system

Following President Xi Jinping’s decision to embrace blockchain technology, different federal agencies within China stepped forward to abide by the new order. Now, several industry experts held a seminar to create an elaborate digital system of governance.

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Baidu Launches First Beta Blockchain Network Among Chinese Tech Giants

All of China’s major tech firms are actively working on blockchain technology. However, Baidu just became the first among them to issue a public beta version. China’s progress on blockchain technology is accelerating as Baidu announced that it has launched its public beta blockchain network.

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China Going Crazy With Blockchain, Big Brands Joining in While Projects See A Record 110% Growth

China’s “Blockchain not Bitcoin” narrative has been known for a long time and going strong as ever. In October, President Xi Jinping himself emphasized the country to “take the leading position” in blockchain technology and “seize the opportunity.

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Why China sees blockchain as a strategic pillar for the next decade of growth

Matthew Graham is the CEO of Sino Global Capital, a team of Beijing-based investment bankers. China sees blockchain as a key strategic technology pillar critical to the next decade of growth. As it prepares to deploy a state-issued digital currency or DCEP (Digital Currency / Electronic Payment) China has a unique opportunity to take control of its monetary system.

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China National Blockchain Network Goes Live April 2020

Chinese authorities have revealed that the country’s Blockchain Services Network (BSN), a project that has been under development since last year, with an aim to provide the masses with a platform to easily deploy their distributed ledger technology (DLT) applications without having to create their own private networks, will officially commence operations in April 2020,Read MoreRead More.

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33,000 Companies Register Blockchain Business in China

China now has more than 33,000 registered companies claiming to use blockchain technology in their businesses, according to the country’s Center for Information and Industry Development. The information was released at a recent blockchain conference hosted by a Chinese municipal government and several state-backed research institutes.

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33,000 Companies in China Claim to Use Blockchain Technology

China now has more than 33,000 registered companies claiming to use blockchain technology in their businesses, according to the country’s Center for Information and Industry Development. The information was released at a recent blockchain conference hosted by a Chinese municipal government and several state-backed research institutes.

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China Announces Guidelines for Blockchain Node Communication

China is genuinely smitten by blockchain technology. The government continues to outline how they will monitor and regulate this industry.   The latest bit of news revolves around blockchain patent applications and node communication.

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Russian bank head: Countries that don't embrace blockchain will end up in Stone Age

While the United States' regulations surrounding blockchain technology or cryptocurrencies need clarity, other countries like China, Russia as well as Venezuela seem to be making headway. Recently, thThe post Russian bank head: Countries that don't embrace blockchain will end up in Stone Age appeared first on AMBCrypto.

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Shenzhen Stock Exchange Launches Index of Top 50 Blockchain Public Companies

The Shenzhen Stock Exchange has launched a blockchain index comprising 50 of the largest publicly listed companies with blockchain ventures by market capitalization. Blockchain-related stocks in China have been gaining value since President Xi Jinping openly advocated for the technology.

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Matrix AI Network to build an AI-powered commercial weather data platform

Matrix AI Network, a provider of artificial intelligence (AI) technology powered by blockchain, announced it has entered into a strategic partnership with Theme Tech Inc. , a Beijing-based company and the official service provider of China Air Traffic Management Bureau.

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VeChain scores new partnership while VET tumbles

VeChain is seizing the opportunities presented in China after President Xi Jinping vowed to put the nation at the forefront of blockchain technology. The firm recently scored a partnership to accelerate the development of the tea industry in one of the most populous provinces in the country.

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As China Looks to Become World’s Leader in Blockchain, What’s Next for 2020?

Coinspeaker As China Looks to Become World’s Leader in Blockchain, What’s Next for 2020?Since President Xi Jinping’s endorsement of blockchain technology, there have been several new related developments in China.

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UN agency to use Diginex blockchain technology to rid illegal fees charged to migrant workers

Diginex, a blockchain technology and financial services company, and the International Organization for Migration (IOM) – the United Nations Migration Agency – today announced the launch of a blockchain tool developed to prevent the exploitation of migrant domestic workers in Hong Kong SAR, China.

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Will China Win the Blockchain Race Leaving the US Behind?

China is the clear blockchain tech leader at the moment and the US is in danger of missing out entirely if it doesn’t even get off the starting line. China Leading the Way There have been no mistaking China’s intentions when it comes to blockchain technology.

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Chinese Courts Increasingly Use Blockchain Technology To Settle Cases

China’s smart internet courts have applied blockchain and artificial intelligence to decide on millions of legal actions

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“Blockchain, not Crypto”: Tron Founder Loses Chinese Social Media Presence

The Weibo account of the founder of the smart contract platform Tron has reportedly disappeared suddenly.  The news follows crypto-related accounts at the platform being shut down last month. The development seems to support the narrative that China is in favour of blockchain technology but not of existing crypto projects.

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