Hi there! Today a little talk about China. How do you think why so many companies open in China?
China is experiencing a boom in companies that contain the word "blockchain" in their title
According to the Chinese printed edition of SCMP, at the moment there are more than 4,000 registered companies in the country, whose activities are somehow connected with the use of blockchain technology. Even more, firms use the word "blockchain" (in the Chinese wording - "ququalian") in their names - over the past six months alone, more than 3,000 such organizations have opened. At the same time for the entire 2017, only 555 such applications were recorded. And although the Chinese government continues to be quite hostile to the crypto-currency mining and ICO, the development of blockchain technologies in China is maintained at a consistently high level.
China is experiencing a boom in companies that contain the word "blockchain" in their title
According to the Chinese printed edition of SCMP, at the moment there are more than 4,000 registered companies in the country, whose activities are somehow connected with the use of blockchain technology. Even more, firms use the word "blockchain" (in the Chinese wording - "ququalian") in their names - over the past six months alone, more than 3,000 such organizations have opened. At the same time for the entire 2017, only 555 such applications were recorded. And although the Chinese government continues to be quite hostile to the crypto-currency mining and ICO, the development of blockchain technologies in China is maintained at a consistently high level.