Why is China giving importance to Blockchain?

China does not have any desire to pass up a great opportunity for any huge innovation incline, as they put huge in man-made artificial intelligence/machine learning since it is an undeniable wagered on the future and a moderately low hanging organic product. Blockchain technology saw its first official mention in China in 2016. In addition, Blockchain is seen to be one of the key innovations that could help China to lead in the digital economy.

One of the root causes why the Chinese want to take advantage of Blockchain technology is of course money. Chinese are what I say a natural born businessmen and they have an eye for oppprtunity. Just take a look at how some local Chinese companies are creating their own version of the products seen in Kickstarter websites. This is what they are also doing with Blockchain as they know that this has a potential to give them a lot of money in the future.