While China is known for its rather unfriendly stance toward cryptocurrencies, the situation is significantly better when it comes to blockchain technology. Numerous companies, influential individuals, and even the country itself recognize that this is the technology of the future. As such, they are very supportive of it and eager to expand it further and compete with other nations that are doing the same.
In an attempt to do so, China’s largest retailer, JD.com, decided to collaborate with NJIT’s (New Jersey Institute of Technology) Ying Wu College of Computing. In addition, the two entities are joined by ISCAS (Institute of Software at the Chinese Academy of Sciences).