China is racing ahead to develop its own internet for blockchain and new blockchain solutions after a call from President Xi Jinping to invest in the technology. Unlike 5G and artificial intelligence, though, the US has shown little interest. Illustration: SCMP
China is racing ahead to develop its own internet for blockchain and new blockchain solutions after a call from President Xi Jinping to invest in the technology. Unlike 5G and artificial intelligence, though, the US has shown little interest. Illustration: SCMP
Blockchain

What blockchain is, how it works and how China will lead the world

  • Last year was a big year for blockchain projects in China after President Xi Jinping called for further development of the technology at the end of 2019
  • The Blockchain Service Network is China’s bid to unify disparate blockchain projects while maintaining control at home, but the US appears unconcerned

China is racing ahead to develop its own internet for blockchain and new blockchain solutions after a call from President Xi Jinping to invest in the technology. Unlike 5G and artificial intelligence, though, the US has shown little interest. Illustration: SCMP
China is racing ahead to develop its own internet for blockchain and new blockchain solutions after a call from President Xi Jinping to invest in the technology. Unlike 5G and artificial intelligence, though, the US has shown little interest. Illustration: SCMP
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