Chinese Companies Optimistic on Blockchain Despite COVID-19 Crisis

A survey of 350 Chinese companies revealed that Blockchan’s pre-COVID-19 corporate bullishness remains optimistic despite COVID-19 crisis.

According to Xinhua, the study- “Blockchain in the Post-epidemic Age,” showed that 70% of the companies surveyed before the coronavirus outbreak remained optimistic on the potential of Blockchain technology.

Up to 20% even believed that they will invest more to mitigate the effects of the crisis.

Respondents come from 10 different industries, including blockchain-related specialist firms, manufacturing, commerce, supply chain management, and finance.

Most believe that blockchain technology implementation could help the national economy recover from the financial ravages of the ongoing pandemic.

Experts quoted:

“Industrial blockchain deeply serves the core body of social production-enterprises (…) As a trusted data network between enterprises, blockchain solves the problem that traditional centralized databases cannot generate trust among enterprises and solves the trust problem of multi-party collaboration.”

Researchers agree that blockchain technology is considered the “most effective way to fight against disasters.”

Source: Cointelegraph

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