How China’s local governments and academia propel blockchain business
Kevin C. Desouza, Chen Ye, Xiaofeng Wang · QUT ePrints (Queensland University of Technology) · 2018
The absence of a national standard of regulation allows local governments in China to step into the blockchain business. Major cities in China are now competing for supremacy by creating an ecosystem of blockchain. According to statistics by Jingdata, Beijing and Shanghai host the highest shares of Chinese blockchain companies, with 36 percent and 20 percent respectively, followed by Shenzhen and Hangzhou. Several other major cities across China have started their blockchain-related investments funds: in July 2018, Nanjing announced an ambitious $1.5 billion investment fund to promote blockchain projects and encourage startup companies to move to the city...