China are the number one leader in the world with blockchain projects
- China is the leader across the world with the number of underway blockchain-based projects.
- The country has reportedly 263 blockchain-based projects running according to a data compiled by Blockdata.
Local Chinese press China.org.cn has reported that China are currently the number one leader in the world, in terms of blockchain projects that are well underway within the country, this cited a report from Blockdata.
The data also suggested that there are 263 blockchain-based projects running in China, this is said to account for around 25% of the entire global total.
Qualian Technology, a fintech Chinese company commented within the report, Li Qilei a developer, noted that the main user of blockchain technology is the financial sector. There is a particular utilization within asset securitization for banks and brokers.
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
