Quote from: Mongoll on July 03, 2020, 05:06:14 AM

Quote from: Ditex on July 01, 2020, 01:52:46 PM

Beijing want to transform into a global hub for blockchain innovation

Chinas capital city has unveiled an ambitious plan to transform Beijing into a global hub for private blockchain innovation and leader in public DLT deployment. On July 1, the municipal government of Beijing has unveiled a 20-point plan to accelerate the development and deployment of distributed ledger technologies (DLT) and turn Beijing into both a global and national hub for blockchain tech. The plan seeks to promote theoretical innovation, technological breakthroughs, [...] talent cultivation, and create new economic growth.

Fostering a good business climate for blockchain innovation is cited as a top objective of Beijing, with cultivating a group of unicorn enterprises listed among the plans goals. To promote innovation, the city will establish a blockchain industry innovation development base spanning the city's top districts for financial and technological innovation.

Beijing also plans to promote the establishment of standards of practice for the blockchain sector. The city hopes to cultivate a group of unicorn enterprises and leading enterprises with global influence through its initiatives.

The Chinese are smart guys. They solve problems quickly and always think about the future. They do not ask questions about possible problems, but only think about how to solve them quickly.

It is difficult to say how this turn of events will turn out. The plan is good, but what can blockchain and developers offer to China? This environment is almost not developing.