NFT Collection The Superlative Secret Society Price, Stats, and Review
Spot Crypto ETFs Set To Begin Trading in Hong Kong Next Week: Report
Bitcoin HODLing vs selling: A look at BTC trader behavior post-halving
Bitcoin Forms Death Cross & TD-9 Sell Signal: Brace For Impact?
Ready, Set, Grow: Why It Might Be Time To Invest In Altcoins Now – Santiment
FBI Warns Americans Against Using Non-KYC Crypto Money Transmitting Services
‘ETH Should Not Be Treated as a Security’ — Consensys Sues SEC Over Ethereum Regulations
Stripe reintroduces crypto payments via USDC stablecoin
New Bitcoin Whales Have Already Nearly Double the Size of Old Large BTC Owner Holdings: CryptoQuant
Shiba Inu Burn Rate Sees Massive 2,076% Spike In 24 Hours
Why Is The Dogecoin Price Down Today?
Bitcoin Dominance Has Peaked, According to Crypto Trader – Here’s What That Means for Altcoins
Consensys sues SEC over Ethereum crackdown
Consensys sues SEC for clarification on Ethereum (ETH) classification as a security
Consensys takes ‘Ethereum (ETH) is not a security’ matter to court
Blackrock’s Bitcoin ETF Wallets Hold Over $20,000 in Runes Tokens, Arkham Data Shows
Stripe Brings Back Crypto Payments Via USDC Stablecoin
Leading layer 2 projects integrate Avail’s data availability layer
Franklin Templeton tokenizes $380M fund on Polygon and Stellar for P2P transfers
Consensys Sues SEC Over ‘Unlawful Seizure Of Authority’ Over Ethereum
Crypto Influencer ‘Jay Mazini’ Receives Seven-Year Jail Sentence And $10M Asset Seizure
‘Privacy Is Not a Crime’ — Samourai Indictment Provokes Strong Reactions From Crypto Advocates
Bitcoin To Surge? Glassnode Co-Founders Say Indicator That Tipped Off January Rally Flashing Bullish Signal
Franklin Templeton enables P2P transfers for $380m tokenized treasury fund
Shiba Inu: Reason to expect an 18% price hike is…
China: New Guidance to Implement Blockchain in Agriculture Finance Sector
The Chinese government has issued official guidance on applying blockchain technology in the agriculture finance sector.
The Chinese government has issued the “Guiding Opinions on Rural Service Revitalization of Financial Services,” according to an official announcement on Feb. 11. The new framework is part of a plan to improve the efficiency of financial services for the country’s rural revitalization program.
The guidance will purportedly help promote the application of new technologies in the rural financial sector, such as blockchain, to “improve the identification, monitoring, early warning, and disposal levels of agricultural credit risks.”
The Guiding Opinions were jointly issued by the People's Bank of China, the Banking Regulatory Commission, the China Securities Regulatory Commission, the Ministry of Finance, and the Ministry of Agriculture and Rural Affairs.
Applying blockchain in agriculture finance will purportedly streamline the collection and sharing of of agricultural data. Blockchain-based customer screening is expected to improve the credit evaluation model of agricultural businesses, increasing the number of loans issued while decreasing risk to creditors.
The announcement also predicts that new technologies will encourage financial institutions to “develop exclusive loans products and small payment settlement functions for rural e-commerce and to open up a rural e-commerce capital chain.”
China’s foray to apply blockchain in various industries also extends to copyright protection services in their media outlets. In December 2018, the China Financial Media Copyright Protection Alliance — which consists of more than 30 financial media outlets — announced that it will use blockchain technology to develop copyright cooperation in the industry.
Overall, China is a world leader in applying blockchain technology to various industries. In 2017, China filed more patents for blockchain applications with the World Intellectual Property Organization (WIPO) than any other country. Well over half of the 406 patents filed with the WIPO that year were from China, with 225. China was followed by the United States, at 91, and Australia, with 13.
