Chinese government supports the blockchain

The slogan “blockchain not Bitcoin” explains the strategy decided by the Chinese government on technology. Steven Ehrlich on Forbes lists the points of the program:
– China’s central bank is supporting the development of a blockchain-based trade finance platform that will streamline interbank payments and help SMBs get access to a wider range of financing tools
– China’s Supreme People’s Court considers blockchain technology such as method for storing and authenticating digital evidence
– the Bank of China incentives to invest in the fintech and in the blockchain
The government is instead wary of cryptocurrencies and ICOs. It is a political choice, aimed not to affect the centrality of the state apparatus. Monetary policy plays a key role in the country’s economic strategy and cryptocurrencies are considered a threat.