NANCHANG — China has applied for 4,435 blockchain patents so far, accounting for about half of the world’s total, according to an industry report released on Monday.

The 2020 Blockchain Industry Development Report jointly compiled by Tsinghua University, Peking University and China Institute of Communications was issued at the 2020 China International Blockchain Technology and Application Conference in Nanchang, capital of East China’s Jiangxi province.

Blockchain is the core technology of the next-generation internet with the characteristics of unforgeability, decentralization, openness and transparency, said Chen Xiaohong, an academician of the Chinese Academy of Engineering.

“The new generation of information technologies such as blockchain, big data, Internet of Things and artificial intelligence now show a trend of mutual integration, jointly serving as the foundation of the digital economy,” Chen said.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

BYD shifts to make face masks

BYD, China’s biggest electric vehicle maker, now produces 5 million protective medical face masks per day, making it one of the largest masks manufactures in the world, the company said on Thursday. In the wake of the novel coronavirus outbreak,…

The surprising reason Nintendo made Super Mario a plumber 35 years ago

New York (CNN Business)It’s-a-me, Mario! In 1985, a little Italian plumber became the face of video games, and changed the way we play them. “Super Mario Bros.” saw the main characters in the game, Mario and Luigi, jump around the…

Wall Street thinks a double-dip recession is more likely than V-shaped recovery

New York (CNN Business)America’s stock market has swiftly recovered from the pandemic. Sophisticated investors don’t think the real economy will do the same. Just 17% of fund managers expect a rapid V-shaped economic recovery, according to a Bank of America…

China’s central bank skips reverse repos

BEIJING – The People’s Bank of China (PBOC), the country’s central bank, skipped reverse repos Thursday, citing reasonably sufficient liquidity in the money market. No reverse repos matured Thursday. A reverse repo is a process in which the central bank…