TOP 5 BLOCKCHAIN IMPLEMENTATIONS BY CHINA

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Top 5 Blockchain Implementations by China

• The Blockchain is a cutting-edge technology that
  can revolutionise the world. Although its usage
  was earlier restricted to cryptocurrency with
  time, the developers and researchers have
  explored its other features and found Blockchain
  to be useful for other aspects of the business.
  Blockchain holds the transformative potential
  with which it can change the course of any
  business.

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• As and when Bitcoin became popular so did
  Blockchain saw the rise in its popularity as
  well. However, it was from a different
  perspective. Researchers have now found new uses
  of Blockchain Technology which can not only be
  revolutionary for a business, but it also can
  influence the economy of the nation. Blockchain
  finds application in different fields, from
  politics to financial transactions companies are
  now exploring new uses of this technology.

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• An important point to note here is that despite
  its multifaceted applications and uses, many
  nations are not in favour of this technology and
  one of the prominent names that emerge is China.
  China had initially banned cryptocurrency, but
  now there is news that it is working on creating
  its cryptocurrency and also promoting start-ups
  that are working towards the development of
  Blockchain Technology.
• In this blog, I will be highlighting how China is
  promoting Blockchain and what are the significant
  steps taken by the nation. But before delving
  deep into this topic, it is essential to
  understand what makes China so aggressively push
  Blockchains development in the nation.

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What makes Blockchain inevitable for China?

• It's not only about China, but we need to
  understand the fact that technological
  development is the key ingredient for an
  excellent recipe for success. Blockhan is a
  digital distributed ledger technology and is also
  known as DLT or Distributed Ledger Technology.
  It promotes peer-to-peer transaction without the
  interference of the third party. Its hallmark is
  decentralisation.
• Learn more about Blockchain

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• These key features of Blockchain make it
  inevitable technology for the growth of any
  business and the growth of business directly
  influences the GDP of the nation. China is a
  major influencer of the world economy. With it
  making an effort to develop Blockchain, it will
  not only gain a competitive edge in the world
  market but at the same time, it will also promote
  better job opportunities for growth.
• In the coming three years Blockchain will gain
  acceptance in various sectors. Some of the
  prominent ones include the supply chain, bill
  verification, energy, healthcare, precision
  marketing and financial transaction in China.

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Top 5 implementation of Blockchain Technology

• Financial Transactions- Well, this is the most
  basic and conventional use of Blockchain and more
  and more nations are trying to explore this
  option. China is no different. The Bank of China,
  the China Construction Bank, and many other
  financial institutions in China have started to
  make Blockchain as a part of their infrastructure
  for various purposes like e-commerce. Moreover,
  The Chinese National Audit Office has also
  proposed the use of this technology for big data
  audits.

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Cryptocurrency Development

• We all know that Chinas ban on Bitcoin and other
  cryptocurrency led to the plummeting of digital
  currencies. But the fact of the matter is that
  China is working towards the development of its
  digital currency. Chinas central bank, People
  Bank of China (PBOC), have collaborated along
  with a team of researchers in 2014 have already
  run the trial of Blockchain prototype digital
  currency to use in their economy. Companies like
  QTUM, eChain, and NEO are garnering attention
  from the national in the government. The
  government is actively supporting the rise of
  Blockchain

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Intellectual Property

• This is yet another aspect of Intellectual
  Property is a big area of concern for many
  nations. Currently, the status and operation of
  this sector is conventional and has bottlenecks.
  Having Blockchain in place can help in
  transforming this industry.
• With the use of this technology online content
  like novels, the musical composition can be
  copyrighted the moment they are created. After
  the development of this platform, the owner of
  the content can directly upload all the
  information directly on the platform, and it will
  be present in the ledger in chronological order.
  The platform gives the owner the right to grant
  access to reprint the citations of their work.
• Companies like Beijing Banquanjia Tech and
  Yuanben Blockchain are working towards creating
  solutions in this direction.
• .

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Adoption by big Names-

• Amazon, Walmart, IM, Infosys is some of the big
  names that are working towards exploring the use
  of this technology. Chinese company Alibaba is
  exploring the use of Blockchain. Alibabas Ant
  Financial Service Group, a part of Alibaba group,
  collaborated with Globe Telecom, a Philippine
  telecommunication giant to provide real-time
  cross-border payment services. This service will
  be useful for both SME industries and
  individuals. With the help of this technology,
  the user can send and receive the money quickly
  and easily.

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Healthcare-

• It might sound a bit unconventional, but
  Blockchain Technology can be revolutionary even
  in the healthcare sector. The latest information
  in this zone came when Ali Health or Alibaba
  Health Information Technology Ltd. will
  collaborate with Chinese City government to
  establish a connection between the current
  medical. The objective behind this is to bring
  all the information on Blockchain platform thus,
  making the entire information easily accessible.

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Blockchain Council Certifications

• You can check out our certifications, and kick
  start your career in the Blockchain space today.
• Certified Blockchain Expert
• Certified Blockchain Expertv2
• Certified Blockchain Developer
• Certified Smart Contract Developer
• Certified Solidity Developer
• Certified Ethereum Developer

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