In a recent interview with China Daily, our CEO Dr. Jochen Biedermann said that President Xi Jinping’s commitment shows the Chinese government is forward-looking and embraces new technologies. In October, President Xi emphasized blockchain as a core technology in the new round of technological innovation and industrial transformation.

Xi also gives the industry a clear view of which sectors blockchain technology will have the most significant impact on.

For blockchain in China, this is not a start, but rather a confirmation of the sound development (of this technology), which has already lasted for several years.

The more-sophisticated foreign investors are very active in China, scouting for talent and promising solutions with local teams, as information is not always easy to access from abroad, given the language barrier and different communication channels.

In the interview, Jochen stressed the need to invest more in Blockchain education in China:

Talking about blockchain has become hype, but only a minimal number of people understand the technology behind it and can judge whether it fits a specific use or not.

Read the full China Daily article here.