Chinese Regulator Approves First 197 Blockchain Firms, Including Tencent, Alibaba, Baidu

China’s cyberspace administration has released its first list of registered blockchain service providers. China’s cyberspace administration has released the first list — 197 companies long — of registered blockchain service providers, according to their March 30 notice.Chinese initiatives by internet giants such as Baidu Blockchain Engine, Alibaba Cloud Blockchain-as-a-Service (BaaS), Tencent BaaS (TBaaS) and the BaaS platform owned by e-commerce giant JD.com appear on the list.…

Report: China Leading World in Blockchain Projects

China is reportedly leading the world in the number of blockchain-related projects currently under development. China is reportedly leading the world in the number of blockchain projects currently underway in the country, Chinese English-language news daily China.org.cn reports on April 2.Citing a report by Blockdata, China.org.cn states that there are 263 blockchain-related projects in China, accounting for 25 percent of the global total.Li Qilei, the CTO at blockchain platform developer Qulian Technology, purportedly said that the financial sector is the biggest user of blockchain technology, particularly in asset securitization for banks and brokers.Chris Church, chief business development officer for New York-based firm Digital Asset in the United States, reportedly noted the importance of doing business in and near China, as the firm began work with the Hong Kong Exchanges and Clearing (HKEX).…