Report: China Leading World in Blockchain projects

China is reportedly the world leader in the number of blockchain projects currently underway in the country, reporting Chinese English-language news daily on China.org.cn on April 2.

Referring to a report from Blockdata, China.org.cn, it says that there are 263 blockchain-related projects in China, accounting for 25 percent of the total total.

Li Qilei, the CTO at blockchain platform developer Qulian Technology, claimed that the financial sector is the largest user of blockchain technology, particularly in asset securitization for banks and brokers.

Chris Church, chief business development officer for the New York-based Digital Asset company in the United States, reportedly noted the importance of doing business in and with China when the company began working with the Hong Kong Exchanges and Clearing (HKEX) . The church apparently said, "One of the reasons why HKEX is so important to us is because it's a gateway to the mainland stock market."

Last year, the World Intellectual Property Organization reported that most blockchain-related patent applications were from China. Data collected by Thomson Reuters from the international patent organization showed that more than half of the 406 patents in 2017 came from China: the country filed 225 Blockchain patents, followed by the United States (91) and Australia (13).

More recently, China Shipbuilding Industry Company Limited, a subsidiary of the shipping giant China Shipbuilding Industry Corporation, signed an agreement with Shanghai Bank, in which it examines how it can apply blockchain to finance its suppliers.

Last week a multi-year project was unveiled in Jiangsu Province, the "Implementation Plan for the Promotion of Transport Infrastructure Development". According to the plan, blockchain will be one of the technologies that local authorities will use when overhauling the local transport infrastructure.

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