China continues to invest in the blockchain. Evelyn Cheng of CNBC recalls since 2016 local governments have invested 3.57 billion dollars. The initiatives are promoted by Chinese President Xi Jinping, who past May defined blockchain as a “revolutionary” technology.
Despite some limitations on cryptocurrencies imposed by the government, China is the principal country about the “mining” process. According to forecasts, the development of the blockchain will spread rapidly throughout the nation.