Copy link
Increase text size
Decrease text size
Link copied

China’s cyberspace commission approves 224 blockchain projects

Thu, 30 Apr 2020, 07:58 am UTC

China’s Office of the Central Cyberspace Affairs Commission (OCCAC) has announced the new distributed ledger technology (DLT) projects for the third batch list of blockchain filings.

According to Cointelegraph, there are 224 DLT ventures that received the regulators’ approval. Approximately 40% of them are from Beijing and roughly one-quarter of the projects approved target the fintech sector. Some of them are from major tech firms like Alibaba, Baidu, and China Mobile.

Walmart China’s blockchain project for food safety tracking is one of those that received the green light. Several firms involving the rollout of China’s state-backed blockchain network received favorable responses from OCCAC too.

Meanwhile, earlier this month, China announced its first provincial-level blockchain group called Blockchain Innovation Alliance. The group has over 100 well-known enterprises under it, including Tsinghua Unigroup, Huawei, IBM, Tencent, Alibaba, and Baidu.

“The establishment of the Alliance in Chongqing, facing the whole country, serving the construction of the ‘Belt and Road’, and gathering elite enterprises from all walks of life, will certainly play an important role in the development of Chongqing's blockchain application innovation industry,” said Luo Qingquan, Director of Chongqing Big Data Development Bureau.

It also announced the launch of the public service blockchain platform called “Yu Express Chain,” which is based on Inspur Blockchain Services (IBS) and will serve as a blockchain engine and development service provider.

“Yu Express Chain will drive the industry to gather and develop. In the next five years, it will strive to realize the number of core enterprise patent applications of 1,000, serve enterprises and institutions, create 20 in-depth blockchain application scenarios, and drive enterprises to create an output value of 5 billion Renminbi,” said Zhang Fan, the vice president of the Inspur Group.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • andrewjabel
  • 2020.06.01 15:45:08
Its actually my pleasure to create this awareness of binary option(online) trade which i have invested in for years and was not profitable and encouraging until i got the best strategy for calculating the actual time to invest in other not to lose my money. now i make $15000 every week." make money from that strategy"for further information contact me on>>>>> [email protected] thank you .............................................
  • 0
  • ·
  • 0
  • Mikewill12
  • 2020.05.11 14:45:32
Have you have been scammed of bitcoin?

Have you ever transfer to a wrong account?

Have you ever lost the drive to access your bitcoin account ?

Have you ever forgot the password to your bitcoin account?

Have you ever trade with fake mining site?

I have a Bitcoin Recovery Specialist, You can reach him on

TELEGRAM: @MiguelAntonio01 or +1 859 567 9005
  • 0
  • ·
  • 0
  • Moses
  • 2020.05.02 20:36:43
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door inbox me for more me on whatsapp :+12067425358 happy new year to you all .
  • 0
  • ·
  • 0
  • Bitcoin (BTC) $36,642.50 (+1.08%)
  • Ethereum (ETH) $1,257.41 (+0.94%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Cardano (ADA) $0.371500 (-3.70%)
  • Litecoin (LTC) $152.14 (+5.75%)
  • Bitcoin (BTC) $36,642.50 (+1.08%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.