According to a survey conducted by Xinhua on some Chinese companies, about 70% said they are not altering their plans to invest in building blockchain infrastructures despite the pandemic.
The report surveyed nearly 350 enterprises, including more than ten types of industries including blockchain companies, manufacturing, industrial finance, financial institutions, logistics, and supply chain management. The survey showed that, although the epidemic has affected most company's revenue to varying degrees, there are still nearly 70% of the interviewed enterprises that will not reduce the capital investment of blockchain projects. 20% of the interviewed enterprises said that they would increase Capital investment for large blockchain projects
In another interview with reporters, heads of several government institutions said that the development of blockchain technology has entered a new stage of deep integration with industrial applications. Industrial blockchain will be the most significant innovation for blockchains in the future, which will usher in a new phase of multi-industry collaborations.
According to experts, industrial blockchain serves the core body of social production-enterprises, which is not a blockchain system that everyone can participate. As a trusted data network between enterprises, the blockchain solves the problem that traditional centralized databases cannot address. It generates trust among enterprises and solves the trust problem of multi-party collaboration. Therefore, it will be accepted and recognized by more enterprises.
The report also said that the sudden epidemic had given many industries a "pause button", but technology is the most effective way to fight against disasters.
Source: Cryptonews
