Despite its continuing crackdown on the crypto business, the People’s Republic of China continues to embrace blockchain technology.
Despite its ongoing crackdown on crypto, China continues to embrace blockchain technology — up to the point of launching the National Blockchain Technology Innovation Center in the capital city of Beijing.from Feb. 8, the Center will create a research network with the local universities, think tanks and blockchain businesses to carry out the inquiries into core blockchain technologies.
In charge of the new institution is the Beijing Academy of Blockchain and Edge Computing — an entity most famous for the development of Chang’an Chain or ChainMaker blockchain. This blockchain is already backed by an ecosystem of 50 business corporations, most of them — such as China Construction Bank or China Unicom — owned by the state.
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