Currently, there are more than 1,400 blockchain companies based in mainland China.

On December 29, the China Academy for Information and Communications Technology (CAICT) publishedThe document is titled “2022 Blockchain Whitepaper,” which according to the report states: There are currently more than 1,400 blockchain companies based in mainland China. and when combined with the United States Both countries have 52% market share in terms of global blockchain business.

CAICT also revealed that about 48 institutions of higher education across China. Has taught degrees and certifications related to “Blockchain Engineering” where the institute details four types of blockchain technologies that have great potential for use:

First, a “payment network,” which will allow transparent distribution of fees for companies such as China Mobile and China Unicom. Second, Zhejiang Cold Chains will also allow consumers to verify the source of their food. Scanning product QR codes. Third, Trusple’s cross-border payment platform can help buyers and sellers get counterparty due diligence information.

and finally A blockchain verification platform that can help financial regulators detect irregularities in orders between exchanges, including major Chinese tech giants such as Tencent, Ant Financial, Huawei and Alibaba. It has built a “blockchain alliance” over the years for its operations.

Currently, China allows ownership. Cryptocurrencies and nonfungible tokens, or NFTs, are legally protected. However, the country has banned the issuance of ICOs, along with cryptocurrency exchanges and mining. cryptocurrency

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