Blockchain Investment Bubble Is Obvious – People’s Bank of China

Blockchain, News, Regulation | November 7, 2018 By:

The People’s Bank of China (PBoC), the country’s central bank, said that blockchain investment bubbles are apparent, and that the government should strengthen supervision.

In a working paper titled “What can a blockchain do and cannot do?,” the Research Bureau of the PBoc advised local Chinese government agencies to enhance supervision of financing into the blockchain sector in order to prevent “speculation,

 Read more  »

Chinese Tech Giant Tencent To Develop Blockchain Supply Chain Finance Platform

Blockchain, News | November 5, 2018 By:

Tencent FiT, a division of Chinese media and tech giant Tencent, is creating an open supply chain finance platform based on blockchain technology.

Established in 2015, Tencent FiT provides online and mobile financial transaction services to businesses and individuals worldwide through the WeChat Wallet and other systems backed by the Tenpay online payment service.

 Read more  »

Blockchain Research Lab Established By Chinese Online Retail Giant JD.com

News | October 31, 2018 By:

Chinese e-commerce giant JD.com, in partnership with two tech institutes, has established a research lab for blockchain technologies.

Headquartered in Beijing, JD.com is one of the two largest business-to-consumer (B2C) online retailers in China by transaction volume and revenue. It controls roughly 30 percent of the B2C online market in China with 314 million active users.

 Read more  »