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The Chinese economist says 2020 is the turning point for blockchain technology

July 3, 2020

Tencent’s blockchain accelerator program was recently held in Shenzhen, China. His topic was “Blockchain Industry and Green Building”.

According to local news from July 2nd, Professor Zhu Jiaming, former economist at the United Nations Industrial Development Organization and President of Chinese Digital Asset Research, believes that “2020 is an important year for blockchain integration in different industries and a key period in the history of blockchain development and application”.

Reach the turning point

Zhu says that There is an unprecedented consensus on the blockchain situation in macroeconomic and social governanceand that it has reached the national strategic level.

The Chinese economist says 2020 is the turning point for blockchain technologyThe Chinese economist says 2020 is the turning point for blockchain technology

Zhu admits that blockchain application scenarios have expanded in recent years. It is also claimed that the combination of blockchain technology and different industries has been more fully developed and that the ecology of blockchain industrialization has started to show itself.

In this regard, Zhu Jiaming believes that: “Strategy, interaction, ecology and acceleration” have become the key words for blockchain integration.

The Tencent blockchain accelerator program

60 companies have been reported to participate in Tencent’s blockchain accelerator program. They were divided into three groups: “industrial blockchain solutions”, “industrial blockchain infrastructure” and “industrial blockchain peripheral services”.. They include finance, government affairs, logistics, legal affairs, education, industry and other industries with an overall valuation of over CNY 10 billion, approximately $ 1.4 billion.

Cointelegraph reported on April 30 that Tencent had submitted applications for its new “Tencent Industrial Accelerator” program with a total of 30 vacancies. Tencent Holdings will provide nearly $ 70 billion (CNY 500 billion) for fintech development over the next five years, including blockchain, cloud computing, and artificial intelligence.