Search Results for: Chinese

Chinese Military Likely to Employ Blockchain Management to Improve Performance

A report on Nov. 18 from the Chinese media Global Times, has stated that the Chinese military is likely to adopt blockchain technology to ensure proper management of personnel data, improve their training and performance in mission. They also planned to provide soldiers with earned tokens, which could be spent on rewards. This new reward … Continue reading Chinese Military Likely to Employ Blockchain Management to Improve Performance

Chinese Firms Hold Overwhelming Majority of Global Blockchain Patents

Chinese firms have been stockpiling blockchain patent applications leaving other nations behind and outpacing the United States 3 to 1. As reported by Nikkei on Nov.20, between the years of 2009 to 2018, Chinese companies submitted roughly 7,600 applications which is close to three times as many as U.S. firms.  Blockchain Applications Skyrocket Blockchain applications … Continue reading Chinese Firms Hold Overwhelming Majority of Global Blockchain Patents

Chinese Smart Courts Leveraging Blockchain and AI

Smart courts in China are reportedly leveraging a range of innovative technologies to settle legal cases. The online judiciary courts utilize big data, cloud computing, artificial intelligence (AI) and blockchain. As reported by Xinhua news agency on Dec. 5th—over 3.14 million litigation activities from March to October of this year have been settled through the blockchain … Continue reading Chinese Smart Courts Leveraging Blockchain and AI

Chinese Internet Giant Tencent on the Lookout for New Head of Digital Currency Group

Chinese internet giant Tencent, also the operator of messaging app WeChat has been reported that the company is looking to create a digital currency research group. Tencent released a statement to its employees, stating that the company is currently hiring a new head of the research group.  iFeng reported that the digital currency research group would … Continue reading Chinese Internet Giant Tencent on the Lookout for New Head of Digital Currency Group

Chinese Authorities Pressure Bitcoin Miners to Scale Down Operations

Authorities in Sichuan, China has been reportedly pressuring Bitcoin miners to scale down their operations due to electricity shortages. During the dry season, extending from October to April, the electricity supply drops in the province.  China has been reported to have been controlling two-thirds of the global Bitcoin hashrate, while Sichuan has been accounted for over … Continue reading Chinese Authorities Pressure Bitcoin Miners to Scale Down Operations

Chinese Telecom Giants Cite Blockchain as the Enabler for the Roll Out of 5G

According to a report from the BBC in November 2019, China continues its push for global supremacy in technology. State-owned telecom giants – China Mobile, China Unicom and China Telecom now sees the emergence of Blockchain and other digital technologies as the crux to allow China to lead the market.  China Unicorn has partnered with Blockchain company Wanxiang … Continue reading Chinese Telecom Giants Cite Blockchain as the Enabler for the Roll Out of 5G

Red Alert: Ripple Effects of Coronavirus on Chinese Electronic Manufacturers and Bitcoin Miners

The scourge of the coronavirus has led to the temporary closure of factories in China with the electronic industry supply chain being hit the hardest forcing an extension in the Lunar year holiday following the outbreak of the virus. Despite quarantine and several measures being actively employed to halt the spread of the virus in … Continue reading Red Alert: Ripple Effects of Coronavirus on Chinese Electronic Manufacturers and Bitcoin Miners

Chinese President Advises the Government to Use Blockchain and Artificial Intelligence for Epidemic Prevention

During a recent inspection in Zhejiang, Chinese President Xi Jinping emphasized the necessity for the various decisions and arrangements of the government to plan for prevention and control of the coronavirus outbreak and economic and social development work. He pointed out the importance of the implementation of epidemic prevention and control as well as the … Continue reading Chinese President Advises the Government to Use Blockchain and Artificial Intelligence for Epidemic Prevention

Buy Us Out: Majority of Chinese Blockchain Companies Don't Develop or Even Use Blockchain Technology

Blockchain companies have become a hot property in China over the years, and the rise in company registrations surged following Chinese Leader Xi Jinping announcement last October that the country must strive to become the global blockchain leader. According to a report from China Finance, many larger businesses across China are blockchain companies in name only and in fact have little … Continue reading Buy Us Out: Majority of Chinese Blockchain Companies Don't Develop or Even Use Blockchain Technology

First Chinese State-Backed Blockchain Firm "Tainted" the Nation's Image Due to the Export of Faulty COVID-19 Medical Supplies

Tus Data Asset, a blockchain firm based in Beijing, has been banned by the Chinese government from exporting medical supplies to other countries during the coronavirus pandemic.  As the first blockchain technology-based firm backed by the state capital, the company has been accused of tainting the nation’s image by selling poor-quality products. Controlled by the … Continue reading First Chinese State-Backed Blockchain Firm "Tainted" the Nation's Image Due to the Export of Faulty COVID-19 Medical Supplies

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