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Silver Level Contributor
The Coronavirus Will Impede on Blockchain Development in China

Back in October, Chinese President Xin Jinping promoted the use of blockchain technology by and for the Chinese economy and provided the public with unadulterated access to the nation’s BSN network. However, he could not predict what would ensue in the following months.

Following the outbreak of the Coronavirus in Wuhan, the chances for a successful and timely implementation of the BSN network will inevitably be impeded. Applications that were going to be developed will take longer, as the focus quickly shifted from economic growth to stopping the virus.

While there is no official statement from the Chinese Government or people responsible for the BSN network, it’s safe to assume that blockchain development is not a priority at the moment. Dealing with the virus outbreak is the single most important thing on everybody’s mind.

Given more time, medical, production, and trade blockchain applications would have been constructed, giving the people responsible for containing the outbreak a better fighting chance.

Read more here




Originally posted by:
Zoran Spirkovski
February 12th, 2020

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