China to launch national blockchain research center
The goal of the new state-supported institution is to speed up the country’s industry through blockchain technology. Despite its ongoing crackdown on crypto, China continues to embrace blockchain technology — up to the point of launching the National Blockchain Technology Innovation Center in the capital city of Beijing. According to the China Daily’s report from Feb. 8, the Center will create a research network with the local universities, think tanks and Blockchain businesses to carry out the inquiries into core Blockchain technologies. The fruits of this research will be used for further digitalization of China and, as emphasized in the report, its industry in particular. In charge of the new institution is the Beijing Academy of Blockchain and Edge Computing (BABEC) — an entity most famous for the development of Chang’an Chain or ChainMaker blockchain. This blockchain is already backed by an ecosystem of 50 business corporations, most of them — such as China Construction Bank...