i know IBM and Nasdaq has been working on blockchain for years. But now as China is joining the race, i wonder will China be the world leader in this area or Japan who acknowledged bitcoin as a legal currency.
You're Forgetting the point, IBM & Nasdaq has been working to reach his advantages from the blockchain itself. There is no leader in this area. the blockchain development is still keeping the decentralized aspect.
In my knowledge, most of them are working on the sidechain development.
But the japan's decision for accepting bitcoin will be the first in the bitcoin community. I mean to be an innovator for another countries or institutions.