China

China Made 84% of World’s Blockchain Applications – SCMP

 

China has accounted for 84% of the world’s blockchain applications, The South China Morning Post reported a government official saying on Tuesday.

“[Blockchain] accelerates integration with the economy,” Deputy Director of the Ministry of Industry and Information Wang Jianwei said. Only 19 per cent of applications were approved, the report added, noting that Chinese citizens are prohibited by law from participating in leading blockchains – decentralised ledgers of transactions across a peer-to-peer network – overseas.

Read the full report: The South China Morning Post

 

Read more:

China Fired Up Over ‘Powerful’ Blockchain Project – CNBC

Blockchain Firm Cion Digital Opens Office in India

US Banks Pressured to Take Tougher Stance on Taiwan, China

 

 

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

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