This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.
It’s been over half a year since the crackdowns began in China and pressure from the top-down government is still being enforced. Most projects operating from within China are finding ways to skirt regulations by focusing on the technological aspect, but few are in a very enviable position. Among other issues, finding talented individuals to hire will certainly become more difficult as conservative-minded local citizens will have concerns about safety and the sustainability of the industry.
At home with new policies
Some projects, like VeChain, are using the opportunity to focus on their blockchain-as-a-service technology and are well positioned to continue operations. Blockchain has always been viewed as an important technology for China, especially when used for things like food safety and other socially-responsible applications.
Last week the smart contract platform boldly attended China’s acclaimed International Import Expo, where it showed off its traceability system alongside long-term partners PwC. The expo was even bigger than usual this year due to this marking the 20th anniversary of China joining the WTO. Chinese president Xi Jinping gave a speech via video to celebrate the opening of the expo, noting as usual how China is successfully opening up and developing.
During the 4th #CIIE, VeChain joined @PwC in the discussion around Air Trace. We are proud to attend this grand event and showcase our advantage in low code blockchain development, which will power more significant digital initiatives in the future.
