China Approves 224 New Blockchain Projects

Chinese officials have approved 224 blockchain projects. The largest companies in the country take an interest in blockchain technology. The list of projects approved by the Central Commission on Cyberspace Affairs of China includes such giants as Walmart China, Baidu, JD, Alibaba, Suning, China Mobile, and China Merchants Bank.

Such kind of activity coincides with the Chinese Communist Party policy-making. Recall, in October 2019, the Secretary of the Communist Party of China Xi Jinping made a statement that the authorities would do their best to make their country a world blockchain center. The development of the digital yuan, which is in its final stages, also included.

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