{"id":93693,"date":"2020-10-20T22:40:31","date_gmt":"2020-10-20T19:40:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/in-china-most-blockchain-rd-funds-are-going-toward-this-segment\/"},"modified":"2020-10-20T22:40:31","modified_gmt":"2020-10-20T19:40:31","slug":"in-china-most-blockchain-rd-funds-are-going-toward-this-segment","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/in-china-most-blockchain-rd-funds-are-going-toward-this-segment\/","title":{"rendered":"# In China, most blockchain R&D funds are going toward this segment"},"content":{"rendered":"

“# In China, most blockchain R&D funds are going toward this segment <\/strong>”
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A report\u00a0published<\/a> by Securities Daily explained how China’s publicly-listed companies spend the millions they have allocated toward blockchain R&D.\u00a0The study surveyed 23 companies in China who began working with blockchain back in 2016. Figures suggest that companies allocate an average 20% of their annual revenues toward such purposes. The majority of these funds are spent to further government-related solutions.<\/p>\n

The report highlighted that Yuanguang Software, an enterprise software provider, have increased their related research spending by around $24.3 million since 2016.\u00a0Other companies, such as Xinchen Technology<\/a>, have actively spent funds on blockchain-related government research projects in an effort to strengthen the nation’s financial sector.<\/p>\n

Chen Xiaohua, the chairman of the China Mobile Communications Federation\u2019s Blockchain Professional Committee, commented on how blockchain interest has grown amongst publicly-listed Chinese companies:<\/p>\n

\u201cListed companies can use blockchain technology to improve their products on the one hand. Awareness and brand promotion, on the other hand, use blockchain technology to improve its own technological level, break the structural constraints of the traditional Internet model, and an in-depth layout of the digital economy.”<\/p><\/blockquote>\n

According to a report titled \u201c2020 Blockchain Industry Development\u201d, Chinese companies have app<\/a>lied for 4,435 blockchain patents \u2014 over half of all global blockchain patents. This surge in interest followed\u00a0Chinese president Xi Jinping\u2019s endorsement of the industry.<\/p>\n<\/div>\n

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For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n

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If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# In China, most blockchain R&D funds are going toward this segment ” A report\u00a0published by Securities Daily explained how China’s publicly-listed companies spend the millions they have allocated toward blockchain R&D.\u00a0The study surveyed 23 companies in China who began working with blockchain back in 2016. Figures suggest that companies allocate an average 20% of…<\/p>\n","protected":false},"author":1,"featured_media":93694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.eu-central-1.amazonaws.com\/s3.cointelegraph.com\/uploads\/2020-10\/e997915e-beb5-416d-8f3a-cc5c892131e2.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75238,74355,4973],"class_list":["post-93693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-financial-services","tag-adoption","tag-china"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/93693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=93693"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/93693\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/93694"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=93693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=93693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=93693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}