China Eyes Better Environment for Blockchain Innovations
Cryptovest
Published Aug 13, 2018 08:28AM ET
Updated Aug 13, 2018 10:00AM ET
China Eyes Better Environment for Blockchain Innovations
China’s Ministry of Industry and Information Technology (MIIT) said the government wants to create a better environment for the blockchain industry to promote the healthy development of the nascent technology.
The country’s state-run news service Xinhua said the ministry is aware of the vast range of blockchain applications in the areas of credit reporting, finance, supply chain management, and smart manufacturing.
“The blockchain is a digital ledger system that uses sophisticated cryptographic techniques to create a permanent, unchangeable, and transparent record of exchanges to trace each transaction. The ministry will speed up pushing innovative applications of blockchain technology, with a focus on enhancing compu...
This article appeared first on Cryptovest
Get The News You Want
Written By: Cryptovest
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.