Chinese Government Begins Blockchain Tech Development
The government of China is establishing an investment association to adopt blockchain technology development in the country.
The project, entitled Global Blockchain Investment and Development Centre (GBIDC), is reportedly an initiative of the Investment Association of China (IAC) which is a social organization set up to simplify important domestic investment projects and contributed to the arrival of foreign capital, according to news outlet The Paper.
The news first sparked speculations after a document leaked on the internet appears to be issued by the IAC regarding the new entity.
After confirming the legitimacy of the document to The Paper, Liu Ren, Vice Chairman of the IAC, clarified that the initiative came after the association found out about the growing fame of blockchain...