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China will spend more than a billion dollars on the development of blockchain

We have already told you about the great conquest of more and more countries by the blockchain.

Now we would like to tell you news from China.

The Chinese authorities are showing great interest in the technology of the distributed register, which is the basis of cryptocurrencies. As reported in the local media, the governments of the provinces Shenzhen and Hangzhou intend to invest a total of 1,679 billion dollars in the blockchain fund, which will allocate money for the development of relevant projects. It can be noted that today these public investments are the largest in the world in the sphere of blockchain.

A big breakthrough in the use of blockchain is expected due to the increase in Internet access in China: despite the fact that now in China there are 772 million users of the network, which is almost three times higher than in the US, the level of Internet penetration remains significantly lower than in the US 55% against 89%.

However, if the Chinese authorities are ready to spend money on the introduction of blockchain technology, then they are in no hurry to allow the ICO.

Do you think whether this trend will change and will China allow ICO?

Reference: https://medium.com/@CasperAPI/china-will-spend-more-than-a-billion-dollars-on-the-development-of-blockchain-24d91cf13465

that's a big money to invest in crypto, China will use a blockchain technology this is for eternal alternative business in the future.

It's not that much money, because blockchain technology will bring much more money than it will invest.

blockchain not made for storage only. before that, a lot of processes have been developed by china that blockchain users are safe.

Casper Api is confident that partners are more successful in the project. many are investing in the casper because they know the project is safe

That's why this team are proposing a storage for easy to us to keep the files and this team are competitive they are worth to spend the time and invest.

This is really an awesome news and announcement that simply implies that the crypto world is now growing and getting bigger and bigger and many countries now are acknowledging the importance of cryptocurrencies as an technological innovation.