Blockchain-based service network represents the technological equivalent of the Belt and Road initiative with strong commitment form China Government: China Mobile and China Union Pay have invested roughly CNY 200 Mil in the project. As the next industrial revolution will be based on new technologies, blockchain will play a fundamental role. China, with its BSN, will provide the infrastructure for promising blockchain projects to develop further, while allowing them to work in a connected way within the same technological environment. The project will attract international companies operating in the blockchain space, while establishing China as the leading jurisdiction for blockchain technology.
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