With the support of the Chinese government, a new blockchain infrastructure will make available its services to developers of decentralized apps on an international level by the 10th of August.
This action by the government of China is part of the plan to make China the sole blockchain infrastructure supplier for blockchain companies across the globe.
This is in line with the nation's vigorous and zealous global development in other new and fast-rising technologies such as AI and 5G network.
This development is noteworthy and remarkable, knowing fully well that its efforts to top other new tech have previously been disrupted. Earlier this year's, the US Government announced a new law stopping Huawei, a china-based technology firm from making use of United States software and technology. They have also been prevented from using the United Kingdom's 5G network.
This development is the first government-supported blockchain extending to other developed society outside of the country.
Source: Coindesk
