Chinese Province Issues 10-Point Agenda for Blockchain Adoption

Chinese Province Issues 10-Point Agenda for Blockchain Adoption
фото показано с : beincrypto.com

2020-5-29 21:24

Hainan, an island province in China released its blockchain policies to foster the growth and development of the emerging technology in the region.

According to Chinese crypto news outlet 8BTC, Hainan issued a ten-point blockchain policy measure aimed at upscaling blockchain development by supporting local developers and ensuring increased adoption of the novel tech.

As part of its efforts to revamp the local blockchain scene, Hainan is looking to invest 1 billion yuan ($140 million) in tech-related research and development. Registered businesses and higher institutions will be encouraged to research areas like smart contracts and privacy protection.

The island province also wants companies to operate regulated digital asset trading platforms. As part of the plans, foreign companies looking to participate in Hainan’s digital economy will do so via a regulatory sandbox before rolling out their services to the public.

Other highlights from Hainan’s 10-point blockchain agenda include using the technology to improve government policies, hosting conferences, and creating industrial clusters. Hainan’s blockchain agenda will test run for three years, after which the local government will revise and evaluate the policies while making improvements where necessary.

Hainan’s plans are part of a larger Chinese narrative involving obvious government participation in the adoption of emerging technology across the country. As previously reported by BeInCrypto, China recently created a national blockchain committee in partnership with major conglomerates like Huawei and Tencent.

Chinese businesses are also investing in blockchain adoption with Tencent announcing plans to pour about $70 billion into emerging tech including blockchain. Back in April, reports also emerged that China approved about 224 new blockchain-based projects from big-name brands in the country.

The post Chinese Province Issues 10-Point Agenda for Blockchain Adoption appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064459
Капитализация $0 Rank 99999
Цена в час новости $ 0.0843736 (-100%)

blockchain chinese development hainan province adoption aimed

blockchain chinese → Результатов: 126


Фото:

VeChain (VET) could partner with the Chinese government to expand blockchain

Officials include the leaders from Huangpu, Changning, and Shanghai districts. According to the company, they were planning to discuss potential transformative partnerships The Chinese government has been very vocal about its dislike for cryptocurrency trading and mining lately, but the country’s love for Blockchain technology is obvious.

2021-6-8 15:53


$11.4 Billion in Crypto-Based Transactions Flowed Out of China in 2019 Despite Ban: Report

Chinese President Xi Jinping’s call for blockchain adoption really has everyone optimistic that the Chinese central government might also look to regulate crypto trading. However, those hopes came crashing down as the news of the crackdown on crypto service providers in China followed just a few days after the President’s much-talked Blockchain adoption speech. Peckshield, […]

2020-1-13 17:48


Blockchain Company Xunlei Sees Nasdaq Share Prices Triple After China’s Commitment To Tech

Shortly after Chinese President Xi Jingpin commented on how blockchain should be embraced, a lot of interesting events unfurled. The President during his speech at a meeting of the Political Bureau of the Chinese Communist Party’s Central Committee on Thursday remarked that the country should “seize the opportunity” afforded by the development of blockchain technology. […]

2019-10-28 16:56


Bitcoin [BTC]: Blockchain and industrial cannabis are the future, claims Chinese blockchain organization

The mainstream adoption of cryptocurrencies, especially Bitcoin [BTC], has been the sole purpose of many organizations, with some famous institutions testing the waters too. The latest news from China however, revealed that a blockchain firm would choose cannabis as its core product, over the world’s largest cryptocurrency.

2019-5-3 16:00


November 30th Bitcoin, Blockchain and Cryptocurrency News Recap [VIDEO]

Ripple's UBRI Partnership with University of Texas at Austin Has Been a Huge Blockchain Success Ripple's UBRI Partnership With University Of Texas At Austin Has Been A Huge Blockchain Success Chinese Crypto Miner Huaren Capital to Launch a Digital Peso for Remittances in the Philippines Chinese Crypto Miner Huaren Capital To Launch A Digital Peso […]

2018-12-1 07:29


Фото:

IOTA’s Director of Engineering Will Attend Blockchain Event Organized by Chinese Government

The 2018 Blockchain New Economy Hangzhou Summit, to be organized on 19th and 20th November, will be one of the most prominent blockchain events on Chinese mainland this year. The IOTA Foundation announced that its Director of Engineering, Edward Greve will be attending the summit, as a representative of the distributed ledger designed for the […] IOTA’s Director of Engineering Will Attend Blockchain Event Organized by Chinese Government was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-11-20 22:29


Brad Garlinghouse, Ripple CEO, answered candidly during an interview about crypto’s prospects for the future. Among other criticisms, he stressed blockchain technology is mostly hype, and that bitcoin core (BTC) is controlled by Chinese miners

Among other criticisms, he stressed blockchain technology is mostly hype, and that bitcoin core (BTC) is controlled by Chinese miners and has no hope of being a world currency. And while Ripple certainly was the hot topic, Mr.

2018-6-13 21:18


Фото:

Chinese e-commerce giant JD.com has released plans to issue asset-backed securities (ABSs) on the blockchain, local media reported June ..

Chinese e-commerce giant JD.com has released plans to issue asset-backed securities (ABSs) on the blockchain, local media reported June 13. According to China’s Securities Regulatory Commission (CSRC) via its media outlet Securities Times, subsidiary JD Finance will issue the ABS in conjunction with Huatai Securities and Xingye Bank. Together, the partners will asses blockchain’s potential

2018-6-13 20:28


Фото:

JD.com finance funds to issue asset debit securities on a blockchain

JD Finance, a subsidiary of Chinese e-commerce giant JD.com, announced on Wednesday that it is planning to issue asset-backed securities (ABSs) on a blockchain. According to a report from the Securities Times, an outlet of the China Securities Regulatory Commission, JD Finance established the trial in partnership with Huatai Securities, a brokerage firm that will underwrite the

2018-6-13 13:53