How is China dealing with blockchain? Danny Dang explains.

Since the 24th of October 2019, the Chinese president Xi Jinping declared the blockchain strategic, the same level as AI. Before that, blockchain was dangerous in China, because it was connected to cryptocurrencies which are illegal in this enormous country. Moreover, the Chinese Central Bank is creating a digital RMB, and it is testing the digital currency in two provinces. Eventually, it will be implemented nationwide. How is China using blockchain? What challenges is China facing with blockchain? Danny Dang from China Blockchain Application Center explains how other industries apply it. While there is a “blockchain depression” in the Western world, blockchain is booming in China!