Hot on the heels of Hainan province’s $142 million blockchain fund reveal, China has unveiled yet another bid for global blockchain supremacy.
According to Decrypt, the Middle Kingdom is launching a range of blockchain and financial programs:
Speaking at Hainan Free Trade Port International Cooperation Forum on Digital Economy and Blockchain, representatives from Chinese crypto exchange Huobi, Indonesia, Kazakhstan, Uzbekistan and other countries signed an agreement on blockchain technology.
Through the agreement, countries taking part in the BRI program will work with Huobi to develop and implement next-generation, blockchain-powered financial infrastructure over the coming years.
The programs are purportedly an effort to boost China’s relationships with the countries participating in the Belt and Road initiative, which is headed by none other than Xi Jinping.
The conference also saw the formation of International Cooperation Forum of Blockchain and Digital Finance, a partnership between Belt and Road Initiative nations such as Singapore, Indonesia, and Kazakhstan as well as Chinese blockchain firms Huobi and China Zhongke Technology Investment. The group will work on “creating a resource-sharing platform to accelerate the development of blockchain solutions and encouraging other countries to take part in the global program.”
Photo: Max Braun