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

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.

A Chinese economist believes 2020 is the year for blockchain applications — Cointelegraph (@Cointelegraph) July 2, 2020

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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