Chinese City & Huawei Collaboration to Boost Blockchain Adoption.
14 Apr 2020, 18:06
🔴Chinese City & Huawei Collaboration to Boost Blockchain Adoption
🔻Telecommunication titan, Huawei has been developing measures to strengthen the adoption of blockchain in China.
In this regard, Nanshan District of Shenzhen, China has signed a deal with Huawei, leading global provider of information and communications technology, to boost the adoption of blockchain.
They work together chiefly to establish Kunpeng industrial demonstration zone, to accelerate the application of blockchain, artificial intelligence, big data and 5G. People's Bank of China (PBoC) has already started testing its digital currency in Shenzhen in September. Shenzhen is an important city for the development of blockchain in China.
#china
#Huawei
#Shenzhen
#blockchain
#cryptocurrency
Same news in other sources
114 Apr 2020, 18:12
🔴Stablecoins & the Future of Money
🔻Since the arrival of Bitcoin in 2009, there have been many speculations about the future of cryptocurrency and how promising digital assets are. Blockchain is a distinctive development in global markets that endeavors to rearrange the global financial ecosystems.
But cryptocurrency is diagnosed with some disadvantages like lack of reliability and due to price fluctuations, high volatility, global uncertainty and pressure from legislative governmental bodies, digital currencies have not so far been adopted globally. Experts and financial connoisseurs also have not accepted blockchain, due to its crucial and critical drawbacks.The volatility of stablecoins is lower because the price is dependent on the rate of the real asset. stablecoins synthesize irreversible, immutable transactions with constant and stable value tied to a traditional currency.
#blockchain
#stablecoins
#cryptocurrency
#financial_ecosystem
Stablecoins & the Future of Money.
🔴Stablecoins & the Future of Money
🔻Since the arrival of Bitcoin in 2009, there have been many speculations about the future of cryptocurrency and how promising digital assets are. Blockchain is a distinctive development in global markets that endeavors to rearrange the global financial ecosystems.
But cryptocurrency is diagnosed with some disadvantages like lack of reliability and due to price fluctuations, high volatility, global uncertainty and pressure from legislative governmental bodies, digital currencies have not so far been adopted globally. Experts and financial connoisseurs also have not accepted blockchain, due to its crucial and critical drawbacks.The volatility of stablecoins is lower because the price is dependent on the rate of the real asset. stablecoins synthesize irreversible, immutable transactions with constant and stable value tied to a traditional currency.
#blockchain
#stablecoins
#cryptocurrency
#financial_ecosystem