Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on September 25, 2022, 07:00:44 AM

Title: China accounts for 84% of all blockchain patent applications, but there's a catch
Post by: newshunter on September 25, 2022, 07:00:44 AM

China accounts for 84% of all blockchain patent applications, but there's a catch

China’s push for blockchain technology gained steam after 2019 when President Xi Jinping called for corporations from tech giants to become industry leaders in the nascent tech.

Source: China accounts for 84% of all blockchain patent applications, but there's a catch (https://cointelegraph.com/news/china-accounts-for-84-of-all-blockchain-patent-applications-but-there-s-a-catch)

Would appreciate your opinion about this

Title: Re: China accounts for 84% of all blockchain patent applications, but there's a catch
Post by: TomPluz on September 25, 2022, 09:22:18 AM

China and its leading industries fully comprehend the big potential of the blockchain technology and so they are adopting it to their own benefits...that can soon be resulting into many new technological advancements. However, it must be pointed out that China is not recognizing cryptocurrency thereby it is not recognizing Bitcoin. Whether we like it not, this is the official state policy no Bitcoin, no cryptocurrency and definitely no mining at all.