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Manual LoginThe Xi Effect: China to Invest $2 Billion On Blockchain by 2023
Written by: Qadir AK
Written by 
Qadir AK
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Nov 11, 2019
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.
