The Xi Effect: China to Invest $2 Billion On Blockchain by 2023

China is the country that has garnered a lot of crypto media attention. President Xi spoke about Blockchain Adoption in the country, the Chinese Government is actively participating in the implementation of Blockchain. According to a report by IDC, the Chinese Government will invest $2 billion on Blockchain technology. The report further claims that the country’s expenditure growth rate will increase by 65.7% from 2019 to 2023. 

“The official recognition will further push the applications of blockchain technology and power fast spending growth in the sector,” said Xue Yu, a researcher with the IDC.

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The Xi Effect: China to Invest $2 Billion On Blockchain by 2023

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The Xi Effect: China Government is estimated to Invest $2 Billion On Blockchain by 2023. A report for IDC says that country's expenditure will grow by 65%

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Qadir AK

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Coinpedia

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