2018-7-24 00:42 |
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 successfully received funding in 2018 were somehow related to the blockchain technology.
Today Nanjing City, one of China’s most historic cities, is launching a $1.5 billion blockchain fund with the aim of boosting the digital currency economy and support public projects based on blockchain.
The chairman of Zhongguancun Blockchain Industry Alliance, Yuandao believes industries adopting blockchain technology will bring about countless more chains eventually resulting into more technological breakthroughs.