Over 1,400 Chinese firms operating in blockchain industry, national whitepaper shows

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Companies are thriving in the Chinese crypto environment after official state development policies somewhat superseded regulators' interests.

a document titled"2022 Blockchain Whitepaper." According to the paper, more than 1,400 blockchain firms are currently based in Mainland China. Together with the U.S., the two countries represent a 52% market share in terms of global blockchain enterprises.

First,"settlement chains" would allow transparent publication of telecom fees for firms such as China Mobile and China Unicom. Second, the Zhejiang Cold Chains would enable consumers to verify the source of their food by scanning the products' QR codes. Third, the Trusple cross-border payments platform can help buyers and sellers obtain due diligence info on their counterparties.

 

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