Bitcoin, Bitcoin News

China’s Massive New Blockchain Research Effort

The government of the Chinese province of Jiangsu is backing a new research effort aimed at offering unbiased information to businesses coming up to speed on blockchain.

Launched in September 2016, the Jiangsu Huaxin Blockchain Research Institute is now going public via CoinDesk as the first state-owned enterprise to focus solely on blockchain technology. Already, the group, backed by parent firm Beijing Huaxin Electronics Enterprise Group, claims to have roughly 100 employees at its office in Nanjing working to develop its product.

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