Chinese Economist Says 2020 Is An Important Year For Integrating Blockchain Within All Industries
Chinese Economist Says 2020 Is An Important Year For Integrating Blockchain Within All Industries
July 3, 2020
Chinese Economist Says 2020 Is An Important Year For Integrating Blockchain Within All Industries
Chinese Economist Says 2020 Is An Important Year For Integrating Blockchain Within All Industries
July 3, 2020

Chinese economist said that 2020 is an important year for integrating blockchain within all industries, as the Tencent blockchain accelerator entry contest was held recently in Shenzhen, China and the theme was the “blockchain industry and ecological co-construction.”

On July 2, it has been reported that Professor Zhu Jiaming, the former economist of the United Nations Industrial Development Organization and the President of Chinese Digital Assets Research, stated:

“2020 is an important year for integrating blockchain in different industries, and it is a key period in the development and application history of blockchain.”

However, Zhu said that there is an unprecedented consensus on the status of blockchain in macroeconomic and social governance and that this has reached the national strategic level.

He also acknowledged that the application scenarios of blockchain have been expanded in recent years, as he stated that the combination of blockchain and various industries has become more fully developed and that the ecology of blockchain industrialization has begun to appear.

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 Zhu said that “strategy, interaction, ecology and acceleration” have become the key words for blockchain integration. 

It has been analyzed that 60 enterprises were reportedly participating in the Tencent blockchain accelerator contest, as they were divided into three groups: “industrial blockchain solutions”, “industrial blockchain infrastructure” and “industrial blockchain peripheral services”.

Thus, they cover finance, government affairs, logistics, legal affairs, education, industry, and other industries, with an overall total valuation of more than 10 billion yuan, about 1.40 billion USD.

Source: Cointelegraph | Image: Pixabay


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.