Over 1,400 Chinese firms operating in blockchain industry, national whitepaper shows
Despite partial crypto bans, the Chinese Government has included blockchain technology in official state development policy. On Dec 29, the state-owned China Academy for Information and Communications Technology, or CAICT, published a document titled "2022 Blockchain Whitepaper." According to the paper, more than 1,400 blockchain firms are currently based in Mainland China. Together with the U.S., the two countries represent a 52% market share in terms of global blockchain enterprises. The CAICT also disclosed that around 48 post-secondary institutions across China have introduced " Blockchain engineering" related degrees and certifications. In the report, the institution detailed four types of Blockchain technologies with high application potential. First, "settlement chains" would allow transparent publication of telecom fees for firms such as China Mobile and China Unicom. Second, the Zhejiang Cold Chains would enable consumers to verify the source o...