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RE: China is warming up to blockchain
Hi @devann
The Asian giant realized and studied very well they know the reach that the blockchain and the crypto that in turn are immersed in these blockchain, they will always seek also the way to integrate into the economic world. Now my thought is that it will be a double-edged sword, everything will be registered and easily accessible to search and track any transaction.
But they also know that, now it's only time to wait for that emerging market that will come out of there.
Greetings friend from Venezuela a country that struggles not to be abandoned
China is only allowing permissioned and private blockchain, which makes tracing easier.
To a large extent China cannot follow the democratic processes of western countries because of its own unique position. It will be a disaster considering that China has a population of 1.4 billion people and has just started opening up to the world. This requires guided and staggered opening up as the country matures.
Since China will certainly become a world leader in many things replacing countries like the US and others, my only hope is that China will play a positive role in the development of other weaker countries for a win win outcome, rather than bank roll only its selfish agenda.
Stay blessed.