China embraces blockchain

Ever since the start of the 21st century, a new generation of industrial revolution is substantially reshaping the global economic structure … with artificial intelligence, internet of things and blockchain constantly making application breakthroughs.

As noted by Coindesk, the above statement by Chinese President Xi Jinping at the annual academic conference hosted by the Chinese Academy of Sciences underscores his belief in the potential for blockchain.

On May 24, China’s State Council ordered the country’s Guangdong Free-trade Zone to accelerate blockchain development and application as part of the region’s economic reform.