Chinese e-commerce giant JD.com, Inc., Institute of Software at Chinese Academy of Sciences, and New Jersey Institute of Technology (NJIT) in the U.S. co-launched a joint lab on blockchain research on Oct. 21 in Beijing.
On Oct. 13, HTC officially announced that it will release its first blockchain-powered smartphone HTC Exodus on Oct. 22, with details yet unrevealed.
On the evening of Sept. 26, Bitmain has officially submitted its listing documents to the Hong Kong Stock Exchange, with China International Capital Corporation as the exclusive underwriter.
Baidu Blockchain Lab, along with the Baidu Search Engine and the Baidu Institute of Marketing, released its first ever blockchain white paper, titled “Baidu Blockchain White Paper V1.0”. The document focused on XuperChain, Baidu’s proprietary blockchain network, and the commercial applications of Baidu’s blockchain technology.
According to Hangzhou Daily News, on Sept. 18, the Hangzhou Internet Court officially announced the operation of its judicial blockchain technology, making the court the first of its kind to use blockchain for dispute settlement.
China Academy of Information and Communication Technology (CAICT) published the White Paper on Blockchain (2018) with the Trusted Blockchain Promotion Program (TBPP) On September 5.
A number of blockchain news and media accounts on WeChat became inaccessible on the evening of August 21. The Tencent WeChat team released a statement next day saying that the accounts have been permanently banned and their content removed due to a violation of government provisions.
The blockchain ecosystem in China is taking shape, with great increases in the number of enterprises and diversified applications according to China’s Ministry of Industry and Information Technology (MIIT).
In the first half of 2018, China’s fin-tech enterprises raised around 230 billion yuan ($35 billion), over 80 percent of the global total, and three giants took more than half of the amount fundraised in China.
Baidu Baike has recently launched its blockchain product to enhance the credibility and transparency of entry editing on its site.
Alibaba has co-launched the world’s first blockchain cross-border remittance service on June 25.
456 blockchain companies have registered in China, forming the ecosystem of the rapidly growing blockchain industry, as the industry authority said in a recent report.
Canaan Inc., a Chinese bitcoin mining company, applied to list on Hong Kong Stock Exchange on May 15.
Currently there is no hotter topic than blockchain in China where “3AM Sleepless Blockchain Communities” are rumoured to thrive. What is blockchain you ask? It is a technology developed to keep track of Bitcoin transactions whose usage have expanded with its popularity.
Although there is controversy over encrypted digital currency, research and development of blockchain technology is fiercely competitive. Blockchain has become an emerging technology valued in China and abroad, and its standardization process is advancing.