Deloitte Report: 73% of Chinese companies regard blockchain as a strategic priority

Deloitte Report: 73% of Chinese companies regard blockchain as a strategic priority

The study was conducted between February 8 and March 4, 2019. According to the survey results, Chinese employees firmly stated that blockchain technology is one of the country's five key priorities, while the United States has only 56% of the same indicators.

Paul Sin, leader and consulting partner of the Diller's Asia-Pacific blockchain laboratory, pointed out in the report that China will "implement the blockchain" in a long-term and strategic manner, and the investment will exceed that of all other countries. He wrote in the report: "Most of China's projects are driven by top management who use the blockchain as a strategic weapon rather than a productivity tool."

Although China has become one of the anti-encryption countries, the initial public offering of virtual currency (ICO) and the legal exchange of bitcoin were banned at the end of 2017, but the country has been active in the construction of encryption infrastructure. In March 2018, the Financial Times reported that the number of patent applications for blockchain technology submitted to the World Intellectual Property Organization (WIPO) in 2017 was the largest in China.

Since then, the blockchain has been the main focus of China's development. As of April 2019, China's blockchain projects ranked the world's leading.

However, China's strict encryption policy seems to have not been relaxed so far, and social media giants and payment service provider WeChat banned encrypted transactions in the May 2019 payment policy. (than push)

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

ETH's single-day increase is close to 20%, and mainstream coins have followed suit

Author | Hash Pie Analysis Team Bitcoin Futures Reach All-Time High as Bullish Momentum GrowsBrace Yourself: Bitcoin ...

Blockchain

Marcus responded to Libra members' exit door, and Nick Szabo said he did not learn from the lessons of the Bitcoin pioneers.

Facebook's Libra project is currently experiencing huge troubles. According to previous reports from Babbitt, Pa...

Blockchain

Getting started with blockchain | How much does it cost for Nakamoto to dig bitcoin for the first time?

Mining is the most basic, most difficult to understand, but also the most interesting thing in Bitcoin. Some small pa...

Blockchain

Thomas Lee: Bitcoin rebound? Waiting for the Standard & Poor's 500 to rise again

Famous credit analyst Thomas Lee said that before Bitcoin re-enters the bull market, it needs to wait for global stoc...

Blockchain

Research shows that bitcoin bull market still needs to wait, institutional admission is still slow

Many cryptocurrency investors claim that the next bull market will be driven by institutions. However, as of now, ins...

Market

Hong Kong to open cryptocurrency trading to retail investors, bitcoin rebound may be weak or unsustainable

After the Hong Kong Securities Regulatory Commission announced that retail investors are expected to be able to trade...