China’s President Xi has came out honoring blockchain technology as a key component in reshaping the 21st century industrial revolution. President Xi mentioned blockchain for the very first time which is a huge acknowledgement in itself. China has always been one of the largest investors and supporters of blockchain technology and it is very positive news to see the President fully endorsing the new technology. His official statement:
“Ever since the start of the 21st century, a new generation of industrial revolution is substantially reshaping the global economic structure … with artificial intelligence, internet of things and blockchain constantly making application breakthroughs.”
This statement includes blockchain technology alongside IoTs and AI as the leading technology of the future. China will look to be a leader in new technological innovations and it is very important to see the support of President Xi.