Over $12.4 Billion USD Transacted On China’s Official Blockchain Project, PBoC Affiliate Report — Lujan Odera

Summary:
After studying trade and finance as the main use of the blockchain, the bank launched the first sovereign blockchain in 2018, registering a couple of patents along the way. So far, the country ranks as the largest blockchain patent holder in the world. The PBoC maintains the bank will not support any public blockchain yet as it focuses on its own blockchain project. So far, its blockchain project that offers multi-stage accounts receivable financing, a fast track for rediscounts and supervision over foreign trade payments is on the rise. Watch out for blockchain adoption across China. CoinGapeOver .4 Billion USD Transacted On China’s Official Blockchain Project, PBoC Affiliate Report Lujan Odera

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Mike Norman considers the following as important: blockchain, PBOC

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