News
China Blockchain Weekly Review
Summary: IDC Research: It is estimated that spending on the blockchain will reach $1.67 billion by 2022. According to US IDC’s research, the market expenditure of China's blockchain reached $160 million dollar in 2018. The strong growth is expected to continue in the next three years. The market is expected to spend 1.67 billion US dollars ...
IDC Research: It is estimated that spending on the blockchain will reach $1.67 billion by 2022.
According to US IDC’s research, the market expenditure of China's blockchain reached $160 million dollar in 2018. The strong growth is expected to continue in the next three years. The market is expected to spend 1.67 billion US dollars by 2022, and the compound growth rate will exceed 80% from 2017 to 2022. Also, IDC believes the blockchain can bring changes to the financial industry, such as improving data reliability, the efficiency of financial services and data security in the era of digitalization.
GanziKangding, Sichuan inspects and rectifies the construction of Bitcoin “mines”
According to the Cover News, there are many bitcoin mines hidden in the hydropower station of the Dadu River in Kangdingganzi, Sichuan. In order to purchase cheap electricity in nearby power station, some of the “mines” factories have no EIA, and have not been reported. They are suspected of illegal construction. On June 7, the inspection team that lead by the deputy secretary of the Kangding Municipal Party Committee and the mayor, start investigated and rectified the illegal construction in the city.
Ping An Company of China has built a platform for production and sales to poverty alleviation by using blockchain
According to the Shenzhen News, Ping An Company has used the Ping An Bank Poverty Alleviation Mall, the smart agriculture platform and the blockchain poverty alleviation technology to build a production and sales platform. It has helped Linyi County's agricultural products sales exceed 260,000 yuan.
Sun Yuchen: I will put a coin in Buffett’s phone while I have lunch with him.
According to the Jiemian News, Sun Yuchen said that he might make a small request while he is eating lunch with Buffett: “I hope to install first digital currency wallet on Buffett’s mobile phone, and I hope to give him a little TRON. It is possible that the TRON will become the first crypo-currency in Buffett's life. I want to teach Buffett how we send and receive crypo-currency, and what kind of applications can be done in a decentralized world with crypo-currencies.”
Wang Zhongrun: Blockchain Technology Helps to Develop New Supply Chain Financial Products
On June 5, Wang Zhongrun, the dean of the School of Finance of Hebei University of Economics and Business, said in Multiple measures to solve the financing problems of financing difficulties in the small company, financing is one of the important struggles for small companies. it is necessary to innovate financial products and services by using the blockchain technology to develop new supply chain financial products, encouraging the development of accounts receivable pledge loans, and exploring the pledge financing of franchise rights.
