Nanjing, the capital of China’s Jiangsu province, has launched a 10 billion yuan ($1.48 billion) investment fund for blockchain development, ZDNet reports July 23.
Nanjing unveiled the major new fund at the inaugural Industrial Public Chain Summit (IPCS), together with the Zhongguancun Blockchain Industry Alliance –– a Beijing-based alliance of enterprises and government research institutes.
Among the high-level regional government officials reportedly in attendance at ICPS was the deputy secretary of the Communist Party of China in Nanjing, Luo Qun.
As part of the initiative, Nanjing will reportedly encourage and assist blockchain companies to establish a base in the city.
Blockchain is rapidly making inroads at all levels of Chinese government, with another major government-backed blockchain fund unveiled in the city of Hangzhou this April.
China’s relentless march towards blockchain development is continuing, with reports indicating that a Chinese city will be supplying capital for a $1. 5 billion blockchain fund. China’s Admiration for Blockchain Technologies Continues with the Nanjing Fund Nanjing, the capital of the Jiangsu province in Eastern China, has just launched a blockchain-centric fund with 10 billion Chinese.
The capital city of Jiangsu province, Nanjing has launched a $1.5 billion blockchain investment fund to boost the token economy and public blockchain projects in China. Despite its outlawing of many aspects of the cryptocurrency industry, blockchain technology has finally received the support of the government. Consequently, almost 41 percent of all Chinese startups that
The capital city of Jiangsu province, Nanjing has launched a $1. 5 billion blockchain investment fund to boost the token economy and public blockchain projects in China.
The post Chinese Nanjing Invests $1.
The city of Nanjing which is the capital of the Jiangsu Province in China, has committed to investing a total of 10 Billion Yuan ($1. 5 Billion) in a blockchain investment fund geared at promoting public blockchain projects and the general token economy.
The capital city of Jiangsu province, Nanjing has launched a $1.5 billion blockchain investment fund to boost the token economy and public blockchain projects in China. Despite its outlawing of many aspects of the cryptocurrency industry, blockchain technology has finally received the support of the government. Consequently, almost 41 percent of all Chinese startups that
