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Chinese Government Releases First-Ever Blockchain Application Blueprint, Continuing on its Major Tech Push

Chinese Government Releases First-Ever Blockchain Application Blueprint, Continuing on its Major Tech Push

The Chinese government has released its first-ever blockchain application blueprint regarding government services in the country. According to Beijing’s blueprint, 140 government services applications are already on blockchain and are divided into three categories, including data sharing and exchange, business collaborative processing, and electronic certificate and certificate storage.

Banking on Blockchain: FinTech and Digitalization Will Play a Significant Role for the Chinese Banking Industry

Banking on Blockchain: FinTech and Digitalization Will Play a Significant Role for the Chinese Banking Industry

China’s banking industry for small to medium-sized enterprises (SMEs) will rely on digitization and financial technology to build a “new infrastructure” for the entire industry. Highly endorsed by the country’s president, Xi Jinping, blockchain technology has seen a surge in popularity in the past year.

Present-day Blockchain Industry Hindered by Structural Scarcity of Talents

Present-day Blockchain Industry Hindered by Structural Scarcity of Talents

The growth of the current blockchain sector is being hampered by the lack of enough structural expertise.

Exclusive: How is Blockchain Disrupting the Music Industry Globally?

Exclusive: How is Blockchain Disrupting the Music Industry Globally?

With the widespread of blockchain technology used in different industries in the past decade, Sean Jong from K-Tune in Korea explains how blockchain can address the current pain points in the traditional music industry. He also explains the role of blockchain in royalty distribution and copyright infringement!

Central Bank Official: Blockchain Application Ideal for Chinese Commercial Banks

Central Bank Official: Blockchain Application Ideal for Chinese Commercial Banks

Li Wei, the Technology Departmental Head of the People’s Bank of China, has urged Chinese commercial banks to embrace blockchain and digital finance.

Exclusive: Talent Shortage is The Key Pain Point in the AI Industry

Exclusive: Talent Shortage is The Key Pain Point in the AI Industry

Artificial intelligence is one of the emerging fintech trends in Hong Kong. While there are some great minds and AI companies in Hong Kong, they can’t survive without sufficient funding and technical support from government and industry leaders. We had the opportunity to invite Timothy Leung, Executive Director of HKAI Lab, to share his thoughts on how HKAI Lab facilitates the growth of AI ecosystem in Hong Kong. He also identified talent shortage is the key pain point in AI industry which hinders integration of AI and blockchain.

China's Inner Mongolia to Shut Down Bitcoin Mining Operations Due to Energy Efficiency Concerns

China's Inner Mongolia to Shut Down Bitcoin Mining Operations Due to Energy Efficiency Concerns

A major Bitcoin mining hub in China, Inner Mongolia will be shutting down its extensive mining operations by April of this year.

China Looking into the Application of Blockchain and AI for Cross-Border Financing

China Looking into the Application of Blockchain and AI for Cross-Border Financing

China is researching the application of blockchain technology and artificial intelligence in cross-border financing, focusing on risk management.

UK Tech Companies Partner to Develop Blockchain-Based Parcel Tracking Application

UK Tech Companies Partner to Develop Blockchain-Based Parcel Tracking Application

Triad, a notable UK provider of IT consultancy services and technology solutions, has partnered with Stratis, a London-based enterprise blockchain technology company, for blockchain-enabled solutions to organizations including a parcel tracking application.

Blockchain Application in Healthcare to Cross $500 Million by 2022

Blockchain Application in Healthcare to Cross $500 Million by 2022

Frost & Sullivan, a world-renowned firm that offers insights on disruptive technologies and economic changes, has revealed an analysis dubbed ‘Global Blockchain Technology Market in the Healthcare Industry, 2018-2022’ that blockchain investment is expected to surpass $500 million by 2022.

Huawei Secures Deal with One of China's Districts to Accelerate the Application of Blockchain Technology

Huawei Secures Deal with One of China's Districts to Accelerate the Application of Blockchain Technology

The Nanshan government of Shenzhen, in the southern Guangdong province in China, has recently announced an agreement with electronics giant Huawei Technologies to establish an information technology center, accelerating the application of technologies including blockchain, artificial intelligence in the district.

Power Ledger Partners with Power Club To Roll Out Blockchain Plants in South Australia

Power Ledger Partners with Power Club To Roll Out Blockchain Plants in South Australia

Powerledger enters into a partnership with Powerclub, an Australian electricity wholesaler for better energy usage, allowing the integration of power club's blockchain ledger application.

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