“Just a few months since China’s president Xi Jinping announced blockchain as one of the country’s technological priorities and advocated to “seize the opportunity”, there has been a lot of progress on the main blockchain initiatives and most of them will be in production very soon.
The ultimate goal is to enable and establish the People’s Bank of China (PBoC) and large Chinese enterprises like Tencent, Huawei, Baidu and Ant Financial as the world leaders in new-breed payments infrastructure with unique features, to undermine the significance of the U.S. dollar as a global trade currency with the launch of Digital Currency Electronic Payment (DCEP) and to establish Chinese blockchain technical standards which will help adopt and scale the technology faster.”
Read the full article @ Forbes:
These Chinese Blockchain Platforms Are Launching Soon, Here Is Why
The Chinese government, government-related companies and large private enterprises are making fast and effective progress in creating blockchain infrastructure at scale. DCEP wallets is in the final testing phase with four of the largest Chinese banks. BSN will be officially live next week.