China’s Xiongan New Area government has signed a Memorandum of Understanding (MoU) with ConsenSys to bring blockchain technology to the “smart city,” the South China Morning Post reported July 23.
ConsenSys, a blockchain software technology company focusing on Ethereum (ETH) development, has confirmed they will advise the Xiongan government on blockchain and software solutions in order to establish it as a “next generation smart city [and] leading blockchain innovation hub,”according to the (MoU) signed in Beijing.
In April 2017, Chinese president Xi Jinping announced plans to build Xiongan as a special economic zone spanning three counties.
The partnership with ConsenSys is the “first known case” when Xiongan has brought in a foreign company for urban technological development, the South China Morning Post reports.
Also in July, the Chinese city of Nanjing launched an almost $1.5 billion investment fund for blockchain development.
China has announced its intention to register an astounding 30,000 blockchain companies. This move signifies a major shift in the global blockchain landscape, as the nation now holds a staggering 84% of all blockchain patents worldwide.
Conflux Network, the first regulatory compliant public blockchain in China and global communications network, China Telecom, have unveiled their jointly developed Blockchain SIM (BSIM) card at the Xuhui District West Bank Artificial Intelligence Center in Shanghai.
Toronto, Canada, May 16th, 2023, Chainwire Conflux Network, the first regulatory compliant public blockchain in China and global communications network, China Telecom, today unveiled its jointly developed Blockchain SIM (BSIM) card at the Xuhui District West Bank Artificial Intelligence Center in Shanghai.
Toronto, Canada, May 16th, 2023, Chainwire Conflux Network, the first regulatory compliant public blockchain in China and global communications network, China Telecom, today unveiled its jointly developed Blockchain SIM (BSIM) card at the Xuhui District West Bank Artificial Intelligence Center in Shanghai.
China is looking to leverage the potential of blockchain technology, according to a government release. Even as it uses the nascent technology to foster its central bank digital currencies (CBDC) program, China aims to apply blockchain in every area of its booming economy.
One of the major state-owned Chinese banks, China Construction Bank, is set to issue around $3 billion worth of certificate of deposits on the blockchain. These are debt instruments that have long been issued in traditional markets as ‘small term’ bonds.
Six public blockchain nodes will be soon integrated into the Blockchain Service Network (BSN), one of China’s foremost blockchain projects.
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China’s interest in blockchain and state-issued cryptocurrencies is hitting new highs each week. The country has already earmarked a blockchain zone, piloted its CBDC project, and put friendly energy regulations in place for miners.
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.
Now that China has the worst of the COVID-19 pandemic tentatively under control, it is once again looking at emerging technologies to give itself an edge. Could its blockchain focus be the dominant narrative for the cryptocurrency market in 2020? The pandemic may have stalled China’s blockchain aspirations temporarily, but the country is slowly but […]
The post Will the ‘China Blockchain Narrative’ Lead the Cryptocurrency Market in 2020? appeared first on BeInCrypto.
China has made its blockchain ambitions very clear in the past few months. One of the ventures the government will focus on is a sovereign blockchain to be used by the Chinese Central Party School.
The Digital Currency Research Institute within the People’s Bank of China has issued a statement further complicating our expectations for blockchain adoption in the country. There has been consistent media buzz surrounding China’s reorientation towards blockchain as an official state policy.
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.
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.
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.
In their recently published China Blockchain Report, Forkast News talked about China’s small, growing blockchain labor force, and how not enough talent and startups want to develop blockchain projecThe post China leads blockchain patents race in quantity, perhaps 'not quality' appeared first on AMBCrypto.
Developing of national network to support blockchain projects begins in China. The project is being implemented in association with the Huobi Group, operator of the famous crypto-exchange. The aim of the project is to help small and medium enterprises to integrate blockchain solutions.
Alibaba and OneConnect scored the highest in China’s recent Blockchain Patents list after they both filed IPO prospectuses at the same time. The development of blockchain technology continues to rage on across the world, and countless corporations are struggling to take the lead.
They said blockchain would bring freedom by challenging world governments and greedy financial institutions. But what if blockchain is the ideal tool to enable totalitarianism? What if China Moves its Social Credit System to Blockchain? A few weeks ago, Chinese President Xi Jinping surprised the world by calling blockchain an important breakthrough, and announcing extra funding for the technology.
China has announced its plan to bank big on Blockchain technology when the president of the country had a press briefing calling for the accelerated adoption of blockchain technology. Since the announcement there has been a surge of new developments coming out of China, first, they passed a crypto law keeping the launch of its […]
China’s President Xi Jinping’s latest remarks on the country embracing blockchain technology and taking a leadership position in the space will give Beijing an edge in the global race to lead in the nascent technology said, analysts and investors.
China seems to be going all-in with the mission to integrate blockchain technology into the state machinery and the world probably shouldn’t ignore the possible ramifications. Especially not now — after President Xi Jinping’s open and substantiated endorsement of the technology a few days ago.
The blockchain market was full of good news from China last week. That was mainly after the president made a positive sentiment on the adoption of blockchain technology in the country. That information made the Chinese-based digital coins increase in price.
Hardly two months ago, China was removing WeChat accounts of blockchain news operators and told hotels not to allow any cryptocurrency meetups. In an ironic turn of events, CN Ledger tweeted that it is now illegal to publish an article calling blockchain “a scam” in China.
As you might expect, China is leveraging its censorship state to align with its new blockchain-focused goals. It is now reportedly removing all articles claiming blockchain is a scam. The Chinese state is so serious about blockchain that they’re even outright censoring anyone who disagrees with the technology.
One of the biggest boosts for the blockchain and cryptocurrency space this year unexpectedly came from China. With the country changing its stance from banning Bitcoin and other cryptocurrencies to launching its own digital coin, CBDC.
China Retailer Says That Free-Range Chicken Sale Increase Improved With Help From Blockchain Technology Blockchain technology offers an honest and immutable ledger, which has attracted the attention of multiple industries for their supply chain management.
In an interview with Bloomberg on April 17, 2019, Donald Tapscott, executive chairman of the Blockchain Research Institute, said that China’s official currency, the renminbi (RMB) will soon become a cryptocurrency.
Adoption of not just cryptocurrencies but the blockchain technology is on a steady rise. Many institutions and countries all over the world have started employing these solutions to either solve current issues or simply to improve effectiveness and efficiency in various sectors.
China appears to be edging ahead as a world leader in blockchain technology. As of November last year, the country was leading the world with 263 active blockchain projects, China. rog. cn reports.
While China is known for its harsh rules and regulations regarding the cryptocurrency market – the government has banned ICOs, crypto…
The post China Continues Blockchain Adoption: Shenzen (12M Population) Implements Blockchain Into Its Subway Systems appeared first on Invest In Blockchain.
Blockchain technology continues to mature. Despite negative price movements, global powers have positively shifted their sentiments toward the cryptocurrency market. Many countries are further exploring this new digital landscape and developing legislative frameworks.
The Chinese blockchain industry is about to come under heavy scrutiny as the Cyberspace Administration of China (CAC) has introduced new regulations…
The post China Introduces New Anti-Anonymity Regulations to Enable “Orderly Development” in Their Blockchain Industry appeared first on Invest In Blockchain.
Blockchain firms in China will soon be working under new regulations designed to keep them in check. Beginning on February 15, new rules will force blockchain companies to register their domain names and server addresses with the Cyberspace Administration of China (CAC).
China is coming down hard on blockchain companies, even though the government appears to favor blockchain over cryptocurrency. The Cyberspace Administration of China (CAC) announced new regulations on Jan.
China has one of the most divisive policies on digital currencies and blockchain. While the authorities love blockchain, they have completely sidelined cryptocurrencies. Hedge fund manager Edith Yeung recently discussed this approach at East Tech West.
CoinSpeaker
China Embraces the Blockchain Revolution
David King, technology writer specializing in privacy, blockchain and FinTech, shares his view of the China’s blockchain technology journey, explaining key regulations, policies, and technology’s use-cases in the country.
China Embraces the Blockchain Revolution
The People’s Republic of China, known for its strong censorship of the Internet, is at it again. The Cyberspace Administration of China (CAC) released a draft proposal on Oct. 19 that determines how companies and individuals interact with blockchain networks.
So far, China’s attitude towards digital currencies was oppressive, yet the country encouraged blockchain innovation. It seems like things are now changing. Recent reports indicate that China’s government has drafted a new regulation that requires users to register for blockchain services with their names and government IDs.
The Chinese President is big on CBDCs. Be Open and Accommodating to CBDCs, Says China According to an official statement released by the Ministry of Foreign Affairs of the People’s Republic of China, Chinese President, Xi Jinping, has asked the G20 countries to be receptive to central bank digital currencies (CBDCs).
Chinese Prime Minister Xi Jinping has urged heads of government to take an “open and accommodating” stance toward Central Bank Digital Currencies (CBDCs), as the global economy attempts to recover from the fallout of the COVID-19 pandemic.
China President Xi Jinping bats for an international regulatory framework for digital currency. China Should take a Proactive Approach In an official statement released on October 31 titled ‘Issues on National Medium and Long-Term Social and Economic Strategies,’ Chinese President called for the Asian powerhouse to actively partake in creating a global regulatory framework forRead MoreRead More.
On Wednesday, Bitcoin logged a supersonic bull run, hitting $13,000 for the first time in 15 months. The rally started after PayPal announced its foray into the cryptocurrency sector, leading analysts to believe that the $138 billion global payments firm drove the latest Bitcoin adoption.
China has passed the country’s long-awaited civil code which expands the scope of inheritance rights to include cryptocurrency, such as bitcoin. Inherited cryptocurrencies will be protected under the new law.